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Tag: insurance-journal

Kansas City Family Dollar Store’s Roof Collapses, Killing 65-Year-Old Man
Insurance Journal | July 30, 2025
Kansas City Family Dollar Store’s Roof Collapses, Killing 65-Year-Old Man
Part of the roof and front facade of a Family Dollar store in Kansas City, Missouri, collapsed Sunday, killing a 68-year-old man and seriously injuring a 50-year-old woman, authorities said. The building’s partial collapse occurred about 2:45 p.m. Sunday, the …
Viewpoint: Trucking Companies Face Growing Wage & Hour Class Action Risks
Insurance Journal | July 30, 2025
Viewpoint: Trucking Companies Face Growing Wage & Hour Class Action Risks
Are you a trucking company? If so, you may be exposed to class action lawsuits for minimum wage, break time, and overtime violations. Trucking companies are essential to our national economy and security. However, trucking companies often risk violating wage …
More Than $360M in CFPB Compensation ‘at Risk,’ Say Consumer Groups
Insurance Journal | July 30, 2025
More Than $360M in CFPB Compensation ‘at Risk,’ Say Consumer Groups
Recent actions by the U.S. Consumer Financial Protection Bureau have reversed or jeopardized more than $360 million in compensation paid to consumers allegedly harmed by financial companies, an analysis by consumer groups said on Tuesday. The compensation relates to allegations …
AI May Be Needed to Fight Back Against Deepfakes Threat
Insurance Journal | July 30, 2025
AI May Be Needed to Fight Back Against Deepfakes Threat
The phone rings. It’s the secretary of state calling. Or is it? For Washington insiders, seeing and hearing is no longer believing, thanks to a spate of recent incidents involving deepfakes impersonating top officials in President Donald Trump’s administration. Digital …
Demotech’s Petrelli Responds to WSJ Article. Others Say it Echoes Old Concerns
Insurance Journal | July 30, 2025
Demotech’s Petrelli Responds to WSJ Article. Others Say it Echoes Old Concerns
Reactions to a recent Wall Street Journal article, which faulted the Demotech rating agency for giving top marks to a number of insurance carriers before the insurers went insolvent in recent years, has been mixed and muted. After outrage from …
UCLA to Pay Over $6 Million to Settle Lawsuit on Antisemitism
Insurance Journal | July 29, 2025
UCLA to Pay Over $6 Million to Settle Lawsuit on Antisemitism
The University of California at Los Angeles agreed to pay more than $6 million to settle discrimination complaints brought by Jewish students and faculty members who assailed the school for allowing a “Jew Exclusion Zone” on campus during pro-Palestinian protests …
Industry Trades Throw Support Behind Bill to Affirm State Regulation of Insurance
Insurance Journal | July 29, 2025
Industry Trades Throw Support Behind Bill to Affirm State Regulation of Insurance
The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and protect state regulation of the insurance industry. Rep. Bryan Steil, …
Michigan Manufacturer Sued for Sexual Harassment
Insurance Journal | July 29, 2025
Michigan Manufacturer Sued for Sexual Harassment
East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, violated federal law when it subjected female production employees to sexual harassment before taking untimely remedial action, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to …
AM Best Upgrades Credit Rating of Texas’ New Horizon
Insurance Journal | July 29, 2025
AM Best Upgrades Credit Rating of Texas’ New Horizon
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of New Horizon Insurance Company based in Houston, Texas. The outlook of these Credit …
Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires
Insurance Journal | July 18, 2025
Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires
Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting at least 2,000 properties during January’s wildfires in Southern California, City Attorney Hydee Feldstein Soto said on Friday. According to a complaint filed in Los Angeles …