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Minnesota Lawmakers Propose Auto Insurance Program for Low-Income Residents
Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative auto insurance option for motorists who have a household adjusted gross …
POSTED APRIL 07, 2025 4:52 PM |
AccuWeather: Severe Storms in Central US Cause $80-90B in Damages, Economic Loss
A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. From April 2 to April 6, a rare weather system …
POSTED APRIL 07, 2025 4:05 PM |
Trump’s Tariff ‘Medicine’ Engulfs Markets, US Stocks in Spin After Talk of Pause
resident Donald Trump’s sweeping tariff plans battered global markets again on Monday after he said foreign governments would have to pay “a lot of money” to get the levies removed, while U.S. stocks got a brief lift on hints of …
POSTED APRIL 07, 2025 3:25 PM |
Business Moves: Dutch Broker HW International Completes MBO; Jewelers Mutual Buys Australia’s Q Report; Ardonagh Advisory Buys UK Broker ALP Holdings
Dutch Broker HW International Completes Management Buyout HW International BV (HWI BV), the privately held, Dutch insurance broker, has completed a management buyout with the backing of OBL Investments BV, a privately held company. Financial details of the MBO were …
POSTED APRIL 07, 2025 3:20 PM |
Cattle Raisers Insurance to Offer 10% Discount on Travelers Property Coverage
Cattle Raisers Insurance, in partnership with Higginbotham, announced a new offering that provides qualified Texas & Southwestern Cattle Raisers Association members with an exclusive 10% discount on Travelers property insurance coverage. The announcement builds on the recently launched partnership between …
POSTED APRIL 07, 2025 2:49 PM |
Viatris to Pay Up to $335 Million to Resolve Opioid-Related Claims
Viatris said on Monday it would pay up to $335 million over nine years as part of a nationwide settlement to resolve opioid-related claims against the drugmaker. Shares of the Pennsylvania-based company, formed by the merger of Mylan and Pfizer’s …
POSTED APRIL 07, 2025 2:23 PM |
Florida OIR Faults DFS in Move to Combine Regulatory Functions. DFS Pushes Back
In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consumer complaints, investigations and insurer affiliate companies. …
POSTED APRIL 07, 2025 1:55 PM |
SecurityScorecard Names Willis as Official Cyber Broker as Part of Partnership
SecurityScorecard and Willis, a WTW business, announced a collaboration to enhance cyber risk quantification, improve insurance modeling, and strengthen enterprise security strategies for organizations worldwide. As part of this partnership, SecurityScorecard has named Willis as its official insurance broker. By …
POSTED APRIL 07, 2025 1:41 PM |
Suit Over NC eCourts Management System Can Continue, Judge Says
GREENSBORO, N.C. (AP) — A federal lawsuit alleging North Carolina’s new electronic courts records and case management system contributed to unlawful arrests or extended jail detainments can continue against the system’s developer and a county sheriff, a judge ruled this …
POSTED APRIL 07, 2025 1:32 PM |
Tennessee Safety Agency Says Plastics Workers Were Given Time to Evacuate
NASHVILLE, Tenn. (AP) — Workers at an East Tennessee plastics company who died in flooding from last year’s Hurricane Helene had time to evacuate, albeit by “makeshift routes,” according to an investigation from the Tennessee Occupational Safety and Health Administration …
POSTED APRIL 07, 2025 1:01 PM |
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