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Archive: September 2022

Virginia Commonwealth University Reaches Settlement With Hazing Victim’s Family
Insurance Journal | September 20, 2022
Virginia Commonwealth University Reaches Settlement With Hazing Victim’s Family
Virginia Commonwealth University will pay nearly $1 million to the family of a young man who died after a 2021 fraternity hazing incident as part of a recent settlement agreement. The agreement with the family of Adam Oakes also requires …
Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
Insurance Journal | September 9, 2022
Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which will allow the organization to settle tens of thousands of sexual abuse claims. U.S. Bankruptcy Court Judge Laurie Silverstein’s …
UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation
Insurance Journal | September 9, 2022
UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation
Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze on the cost of living that’s likely to define her premiership. Truss’s plan would cap the average cost of …
Former Florida Commissioner Warns Officials not to Shoot the Demotech Messenger
Insurance Journal | September 9, 2022
Former Florida Commissioner Warns Officials not to Shoot the Demotech Messenger
Former Florida Insurance Commissioner Kevin McCarty is criticizing current state regulators over their recent digs at the Demotech financial rating firm, after Demotech warned it would downgrade more than a dozen property insurers in the state. “Demotech is merely the …
TWIA Committee to Consider General Manager Candidates at Upcoming Meeting
Insurance Journal | September 9, 2022
TWIA Committee to Consider General Manager Candidates at Upcoming Meeting
The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to discuss candidate interviews and potential action on a hiring decision for its General Manager position. The TWIA Board’s …
California Power Grid Operator Braces for Long Heat Wave
Insurance Journal | September 1, 2022
California Power Grid Operator Braces for Long Heat Wave
Operators of California’s power grid expect to issue calls for voluntary conservation of electricity during a prolonged heat wave building over the West and they warned that there could be energy shortages if conditions worsen. Excessive-heat warnings expanded to all …
Michigan Agency Wins Appeal, Safety Case Reopened in Amish Farm Death
Insurance Journal | September 1, 2022
Michigan Agency Wins Appeal, Safety Case Reopened in Amish Farm Death
A mid-Michigan organic dairy farm is fighting state safety regulators, five years after a 19-year-old family member was fatally electrocuted while removing a metal pole from a grain bin. The dispute involves the state’s scrutiny of small farms, the traditions …
Lawyers to Share $70M in Surfside, Florida Condo Collapse Settlement
Insurance Journal | September 1, 2022
Lawyers to Share $70M in Surfside, Florida Condo Collapse Settlement
Lawyers who secured a $1.1 billion settlement in the deadly collapse last year of a beachfront Florida condominium building were awarded more than $70 million in fees Monday by a judge. The total was less than the approximately $100 million …
Safe TN App, Inspections Helps Schools Stay Safer from Guns, Governor Says
Insurance Journal | September 1, 2022
Safe TN App, Inspections Helps Schools Stay Safer from Guns, Governor Says
Tennessee Gov. Bill Lee said Tuesday that an executive order on school safety from June has so far produced a new mobile app, school behavioral health professionals in each county and updated law enforcement training and security assessments. Lee says …
FDA Chief Says Opioid Review Still in the Works
Insurance Journal | September 1, 2022
FDA Chief Says Opioid Review Still in the Works
A long-awaited review of prescription opioid medications, including their risks and contribution to the U.S. overdose epidemic, is still underway at the Food and Drug Administration, the agency’s commissioner said Tuesday. Dr. Robert Califf wrote in a blog entry that …