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FTC Prepares Lawsuit Over Deere Equipment Repair Practices The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment repair practices violate competition laws, according to people familiar with the matter. The agency is prepared to file the case …
POSTED JANUARY 15, 2025 6:31 AM |
Biden Signs Executive Order to Ensure Power for AI Data Centers President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for leasing federal sites owned by Defense and …
POSTED JANUARY 15, 2025 6:09 AM |
New Auto Liability Minimums Take Effect in North Carolina This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year. The …
POSTED JANUARY 15, 2025 6:01 AM |
Insurance Journal’s ‘Agents of the Year’ Nomination Deadline Soon. Are you a top agent/producer? Do you know someone at your agency who is? Insurance Journal is searching for the nation’s leading independent agents and producers to become part of Insurance Journal’s Agents of the Year listing to be published …
POSTED JANUARY 15, 2025 6:00 AM |
Construction Firm Owner Sentenced for Tax, Mail and Workers Compensation Fraud A Hopkinton man was sentenced on Jan. 10, 2025 in federal court in Boston for defrauding the Internal Revenue Service (IRS) and Travelers Insurance Co. over wages he paid to employees of his two construction companies. According to U.S. Attorney …
POSTED JANUARY 15, 2025 6:00 AM |
Dermatologicals Now the Costliest Drug Group in California Workers Comp Dermatologicals, which include a number of high-priced, private label drugs, account for the biggest share of the total drug spend in the California workers’ compensation system, a new report shows. Data from the California Workers’ Compensation Institute shows recent shifts …
POSTED JANUARY 15, 2025 6:00 AM |
Lincoln-Leavitt Acquiring Pyorre Insurance Agency in California Lincoln-Leavitt Insurance has acquired Pyorre Insurance Agency in California. Pyorre Insurance Agency’s Lakeport office will relocate to Lincoln-Leavitt Insurance’s location in Lakeport, California, by the end of January. Its Fort Bragg location will remain open, and the same team will …
POSTED JANUARY 15, 2025 6:00 AM |
Minneapolis to Overhaul Police Training After George Floyd’s Murder The Minneapolis City Council this month approved an agreement with the federal government to overhaul the city’s police training and use-of-force policies in the wake of the murder of George Floyd. The deal incorporates and builds on changes the Minneapolis …
POSTED JANUARY 14, 2025 5:49 PM |
DARAG Acquires Run-Off Portfolio From wefox Insurance AG DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …
POSTED JANUARY 14, 2025 5:45 PM |
Iowa Insurance Division Joins $17M Settlement With Edward Jones The Iowa Insurance Division, a member of the North American Securities Administrators Association (NASAA), announced last week it has joined a $17 million settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s …
POSTED JANUARY 14, 2025 5:44 PM |
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