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News Archives - Insurance Journal

McDonald’s Investors Demand Civil Rights Audit in Close Vote
McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg. The fast-food chain joins the ranks of other large businesses facing a …

POSTED MAY 27, 2022 4:11 PM
Recreational Marijuana Validated for Ballot in South Dakota
South Dakota voters are set to vote again on whether they want recreational marijuana legalized for adults after the secretary of state on Wednesday validated the initiated measure for the November ballot. Secretary of State Steve Barnett announced that a …

POSTED MAY 27, 2022 3:44 PM
Ohio Supreme Court: Ditch Diggers Misclassified as Independent Contractors
Ditch diggers who accepted work assignments online and used their own spades and shovels to do the work cannot be classified as independent contractors by a company that contracted with Time Warner Cable to install underground lines, a divided Ohio …

POSTED MAY 27, 2022 3:41 PM
Lawsuit: 13-Year-Old’s Hands Up When Shot by Chicago Officer
A 13-year-old boy shot in the back by a Chicago police officer was unarmed and had his arms raised to surrender when he was hit by the bullet, according to a lawsuit filed Thursday, saying the incident illustrates deeply flawed …

POSTED MAY 27, 2022 3:38 PM
Texas Mutual to Award $1.1M in Safety Education Grants to 11 Texas Colleges
Texas Mutual Insurance Company is awarding $1.1 million in grants to 11 colleges across Texas to fund workplace safety courses for employers, workers and the general public. Texas Mutual—the state’s leading provider of workers’ compensation insurance—began its commitment to supporting …

POSTED MAY 27, 2022 3:30 PM
Abandoned Louisiana Oil Wells Slated to Receive Clean Up in Infrastructure Bill
About $33 million of the $1 trillion bipartisan infrastructure plan recently signed into law by President Joe Biden will go toward cleanning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land, the nation’s interior secretary …

POSTED MAY 27, 2022 3:28 PM
Milestone Partners Acquires Louisiana’s GoAuto
Milestone Partners acquired specialty auto insurance holding company Drive Assurance Holdings LLC (“Drive Assurance”) and the related acquisition of GoAuto, LLC (“GoAuto”) and its affiliated technology platform, Adaptive Information Technologies, LLC (“AIT”). GoAuto calls itself a tech-focused, vertically integrated personal …

POSTED MAY 27, 2022 3:25 PM
U.S. Consumer Spending Beats Expectations in April; Inflation Likely Peaked
U.S. consumer spending rose more than expected in April, while annual inflation appeared to have peaked, which could help to underpin economic growth in the second quarter amid rising fears of a recession. Consumer spending, which accounts for more than …

POSTED MAY 27, 2022 3:18 PM
People’s Trust, Southern Fidelity Stop Writing New Business in Florida
Two more property insurers, including two of Florida’s larger carriers, did not wait around to see what help the just-concluded special session of the Legislature may provide, and have stopped new business in the state. People’s Trust, once listed as …

POSTED MAY 27, 2022 2:51 PM
Blaze Burns 3 Large Buildings in Alaska Village
Firefighters have contained a blaze in the southwest Alaska village of Kasigluk that burned three buildings, including a school building, according to the Alaska Division of Forestry. Air tankers and smokejumpers responded to the fire, which the division said Thursday …

POSTED MAY 27, 2022 2:18 PM

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