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Tag: insurance-journal

Louisiana Town Settles Suit Over Released Video of Illegal Search
Insurance Journal | August 29, 2022
Louisiana Town Settles Suit Over Released Video of Illegal Search
A Virginia law professor is set to receive an $86,000 payment for settlement of his civil lawsuit filed against the City of Baton Rouge. The settlement follows a federal court order in which U.S. District Judge John W. deGravelles found …
AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual
Insurance Journal | August 19, 2022
AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of the …
People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer
Insurance Journal | August 19, 2022
People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer
This edition of International People Moves details appointments at RMS and and Catalina. A summary of these new hires follows here. Moody’s, RMS Appoints Hare MD of APAC Andrew Hare has been appointed managing director, Asia Pacific at RMS, the …
New Orleans Officials Seek to End Federal Oversight of Police
Insurance Journal | August 19, 2022
New Orleans Officials Seek to End Federal Oversight of Police
New Orleans officials asked a federal judge Tuesday to end court-supervised oversight of its police department under a pact negotiated with the U.S. Justice Department a decade ago, after deadly police shootings of civilians following Hurricane Katrina cast renewed scrutiny …
Iowa Council Member Countersues Police Officers over Protest Arrest
Insurance Journal | August 19, 2022
Iowa Council Member Countersues Police Officers over Protest Arrest
A Des Moines council member is countersuing two police officers who took the unusual step earlier this year of suing several people who participated in a 2020 protest following a Minneapolis officer’s killing of George Floyd. Councilwoman Indira Sheumaker’s countersuit …
Indiana House Explosion Leaves 3 Dead, 39 Homes Damaged
Insurance Journal | August 10, 2022
Indiana House Explosion Leaves 3 Dead, 39 Homes Damaged
An explosion at an Evansville, Indiana house killed three people and damaged 39 houses, officials said Wednesday afternoon. Evansville Fire Department Chief Mike Connelly said two of the people killed were in the house of the explosion, while the third …
Tadikonda to Replace Edmundson as CEO of Cyber MGA Corvus
Insurance Journal | August 10, 2022
Tadikonda to Replace Edmundson as CEO of Cyber MGA Corvus
Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of executive chair and chair of the board of Corvus. In this full-time role, Edmundson will …
Miami PT Clinic Managers Convicted in Insurance Fraud Scheme
Insurance Journal | August 10, 2022
Miami PT Clinic Managers Convicted in Insurance Fraud Scheme
A Miami woman now living in North Carolina is awaiting sentencing after she was convicted of paying kickbacks and defrauding insurers of more than $34 million for physical therapy services that were never provided. A federal jury in Miami last …
Chipotle to Pay $20 Million to Workers for Unpaid Sick Leave, Scheduling Violations
Insurance Journal | August 10, 2022
Chipotle to Pay $20 Million to Workers for Unpaid Sick Leave, Scheduling Violations
Chipotle Mexican Grill Inc. agreed to pay $20 million to an estimated 13,000 current and former employees of its restaurants in New York City to settle a claim that the chain repeatedly violated laws governing sick leave and scheduling. The …
NCCI Releases Q2 Economics Briefing
Insurance Journal | August 10, 2022
NCCI Releases Q2 Economics Briefing
Jobs are up, wages are up, inflation is up, and recession is unlikely in the short term. National Council on Compensation Insurance’s (NCCI) newly released Quarterly Economics Briefing – Q2 2022 examines these factors and their potential impact on workers …