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21 08, 2020

Florida Mayor, City Attorney Charged in $5M Hurricane Michael Fraud Scheme

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The mayor and city attorney of a Florida Panhandle city are the latest to be charged in the theft of $5 million in Hurricane Michael debris removal funds, prosecutors announced Wednesday. Lynn Haven Mayor Margo Anderson and City Attorney Adam …

21 08, 2020

Valley Insurance Agency Alliance Adds Piccione as Missouri Regional Manager

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St. Louis-based independent insurance agency network organization, Valley Insurance Agency Alliance (VIAA), has named Susan Piccione as its regional manager for Missouri. Piccione will oversee new business development and cultivation of the company’s Independent Strategic Member (ISM) alliance. This includes …

21 08, 2020

Convicted North Carolina Insurance Donor Gets 7 Years in Bribery Case

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A major political donor convicted of attempting to bribe a North Carolina elected official to secure preferential regulatory treatment for his insurance business was sentenced Wednesday to more than seven years in prison. Billionaire businessman Greg E. Lindberg was handed …

21 08, 2020

West Virginia AG Sues Walmart, CVS Over State Flooding State of Opioids

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West Virginia’s attorney general sued Walmart and drugstore chain CVS on Tuesday, saying they failed to monitor and report suspicious orders of prescription painkillers to their retail pharmacies in a state ravaged by the opioid epidemic. Patrick Morrisey’s lawsuits allege …

13 08, 2020

Expected La Niña Could Last Through 2020-21 Winter, Says U.S. Climate Center

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A U.S. government weather forecaster on Thursday forecast the development of La Niña pattern during the August-October season, and is expected to last through the 2020-21 winter. There is a chance of about 60% that La Niña will develop during …

13 08, 2020

Tesla Says Hedge Fund Is Behind Ex-Employee’s Lawsuit

By | August 13th, 2020|Uncategorized|Comments Off on Tesla Says Hedge Fund Is Behind Ex-Employee’s Lawsuit

Tesla Inc. says hedge fund Cable Car Capital LLC, which is shorting the company’s stock, is funding a former employee’s allegations that the company smeared him by accusing him of sabotage and stealing sensitive information. The carmaker said in a …

13 08, 2020

Texas Mutual Names Strong VP, Underwriting Operations

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Paschal Strong has been appointed vice president of underwriting operations at workers’ compensation insurer, Texas Mutual Insurance Co. In this newly created position within the underwriting division, Strong will be responsible for the company’s regional underwriting operations and advancing the …

13 08, 2020

Brown & Brown Acquires Assets of Michigan’s Buiten & Associates

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Brown & Brown of Michigan Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Buiten & Associates, located in Grand Rapids, Mich. Since 1935, Buiten & Associates has provided a wide variety of insurance …

13 08, 2020

Uber and Lyft Lose Bid to Delay California Driver Injunction

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A California judge on Thursday refused to give Uber Technologies Inc. and Lyft Inc. more time to appeal his decision forcing them to classify drivers in that state as employees, which they have said would necessitate restructuring their businesses. At …

13 08, 2020

P/C Insurance Software Firm Duck Creek Hikes IPO Price Range

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Duck Creek Technologies Inc., a software company that serves the property and casualty insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is backed …