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Mississippi Supreme Court Upholds Dismissal of Crash Suit by Helicopter Pilot
The Mississippi Supreme Court has upheld the dismissal of a lawsuit filed over a 2009 helicopter accident that left its pilot partially paralyzed. Justices ruled 6-2 that a proper complaint was not filed by Rob Hammons of Greenwood against the …

POSTED JUNE 18, 2018 5:07 AM
Fiduciary Rule Dies as Last Court Deadline Passes
The “fiduciary rule” is officially dead. The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments. The rule’s fate was all but …

POSTED JUNE 18, 2018 5:00 AM
More Employers Adopting ‘Don’t Ask, Don’t Tell’ Policy for Marijuana Use
FPI Management, a property company in California, wants to hire dozens of people. Factories from New Hampshire to Michigan need workers. Hotels in Las Vegas are desperate to fill jobs. Those employers and many others are quietly taking what once …

POSTED JUNE 18, 2018 5:00 AM
Wells Fargo Gets OK on $142M Settlement with Customers Over Phony Accounts
Wells Fargo & Co. said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a sales scandal related to phony bank accounts. The settlement, in …

POSTED JUNE 18, 2018 5:00 AM
Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch
Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. …

POSTED JUNE 18, 2018 5:00 AM
PIA Southern Alliance Elects Yauney as Chairwoman
Members of the Professional Insurance Agents Southern Alliance (PIA South) elected Lorie Yauney to serve as chair of the group at its recent annual meeting. The PIA Southern Alliance is the nation’s sixth largest PIA affiliate, serving agents in Alabama, …

POSTED JUNE 18, 2018 4:57 AM
Kentucky AG Files Opioid Lawsuit Against Walgreens
Kentucky’s Democratic attorney general has filed a sixth lawsuit against a pharmaceutical company for deceptive marketing of opioid-based painkillers. Andy Beshear announced on Thursday that he has filed a lawsuit against Walgreens in Boone Circuit Court. Beshear says Deerfield, Illinois-based …

POSTED JUNE 18, 2018 4:55 AM
6 Injured After Florida Roller Coaster Derails, Plunges Riders 34 Feet
A roller coaster that derailed in Florida had been put out of service by state inspectors twice in the past year and a half because of problems with the ride. Two riders fell 34 feet (10 meters) when their car …

POSTED JUNE 18, 2018 4:52 AM
Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage
Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a conventional cyber insurance policy along …

POSTED JUNE 18, 2018 4:01 AM
WCRIB: California Workers’ Comp Written Premium to be Down Again This Year
Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau. That revelation is expected in a full report on the state of California’s workers’ …

POSTED JUNE 15, 2018 10:15 PM

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