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Archive: October 2022

$32M to Settle California Lawsuit Over Boy’s Abuse Death
Insurance Journal | October 20, 2022
$32M to Settle California Lawsuit Over Boy’s Abuse Death
Los Angeles County agreed to pay $32 million to the family of a 10-year-old boy who died after allegedly being tortured and abused by his mother and her boyfriend. The Board of Supervisors unanimously approved a deal in a lawsuit …
IICF Launches Hurricane Ian Relief Fund
Insurance Journal | October 10, 2022
IICF Launches Hurricane Ian Relief Fund
The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian. Funds will benefit Team Rubicon, a nonprofit providing emergency response and relief throughout affected areas, …
Hub Acquires Investment Advisory Businesses of Quintes in California
Insurance Journal | October 10, 2022
Hub Acquires Investment Advisory Businesses of Quintes in California
HUB International Ltd. acquired the insurance brokerage and investment advisory businesses of Quintes Financial Services LLC and Quintes Administrative and Insurance Services Inc. in Northern California. Mark Laughton, vice president, and the Quintes insurance brokerage and investment advisory team will …
Group Forms to Try to Block Marijuana Passage in North Dakota
Insurance Journal | October 10, 2022
Group Forms to Try to Block Marijuana Passage in North Dakota
An addiction counselor who helped defeat a marijuana legalization proposal in North Dakota four years ago has launched a fresh opposition group seeking to do it again this November. Kristie Spooner announced her group, Healthy and Productive North Dakota, less …
Texas DWC Recognizes Power Company With Lone Star Safety Award
Insurance Journal | October 10, 2022
Texas DWC Recognizes Power Company With Lone Star Safety Award
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recognized WPT Power Corp. with a third Lone Star Safety Award for its exemplary workplace safety efforts and low rates of work-related injuries and illnesses. WPT Power Corp., a manufacturer …
Ohio Contractor Faces $1 Million in Fines for OSHA Violations
Insurance Journal | October 10, 2022
Ohio Contractor Faces $1 Million in Fines for OSHA Violations
A Millersburg, Ohio, contractor with a long history of disregarding workplace safety standards now faces more than $1 million in penalties after an inspection by the U.S. Department of Labor’s Occupational Safety and Health Administration found their employees working at …
Heavy Rains Ease Across Australia’s East but Flood Threats Remain
Insurance Journal | October 10, 2022
Heavy Rains Ease Across Australia’s East but Flood Threats Remain
Heavy rains eased across Australia’s east on Monday, a slight relief for flood-weary residents but authorities warned another intense weather system could hit several inland regions bringing more downpours and triggering flash flooding. Northern Victoria state, southern New South Wales …
Historic Homes May Prove to Be More Resilient Against Floods
Insurance Journal | October 10, 2022
Historic Homes May Prove to Be More Resilient Against Floods
Whenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood flooring, tear down the old plaster walls and install new, flood-resistant materials. It’s a hurried approach that’s likely to occur across …
Core Specialty Completes Buy of Hallmark’s E&S Operations for $40M
Insurance Journal | October 10, 2022
Core Specialty Completes Buy of Hallmark’s E&S Operations for $40M
Core Specialty Insurance Holdings, Inc. and its subsidiaries said Oct. 7 that it has completed the acquisition of Hallmark Financial Services, Inc.’s excess & surplus lines operations for approximately $40 million in cash. The business acquired from Hallmark represents that …
California Department of Insurance Investigation Leads to Arrest of Two Men
Insurance Journal | October 10, 2022
California Department of Insurance Investigation Leads to Arrest of Two Men
A joint investigation into alleged illegal actions by bounty hunters has led to the arrest of two people. National City Police supported by the California Department of Insurance investigators and federal and local agencies executed arrest warrants on Daniel Johnathan …