Author: completebodyneeds

California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner Ricardo Lara, creates a presumption that smoke damage within a wildfire impact area resulted from the wildfire. It also requires insurers to pay for necessary testing and sampling, and it prohibits insurers from terminating Additional Living Expense benefits until homes are restored and safe to occupy. Other mandates include: Establishing timelines for inspections and claim handling. Requiring repair estimates that…

Insurance executive and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure requirement. According to a group called the Lawyers for Civil Justice, the letter was submitted Sept. 14 to the Advisory Committee on Civil Rules, part of a long process in making federal rules of practice and procedure for litigation in federal courts. The committee meets Oct. 21. LCJ said the letter endorses a rule it and the U.S. Chamber Institute for Legal Reform proposed to the committee…

CenterPoint Energy CNP.N said in an SEC filing on Monday that the company had become aware in September of an online post by a third party claiming to have obtained a dataset of information on some of its customers. The Texas-based utility said it activated its cybersecurity incident response protocols and enlisted third-party cybersecurity experts after learning of the post, while also taking steps to further protect its systems. The company said its investigation determined that an unauthorized third party obtained personal information relating to a portion of its customers through one of its external-facing systems. CenterPoint said its electric…

NFP announced the acquisition of Moores Insurance Management, Inc., a multi-disciplinary risk management firm based in Minneapolis, Minnesota. Mark Moores, CEO of Moores, will join NFP as senior vice president, Commercial P&C, reporting to Amanda Ruback, managing director of P&C for NFP’s Central region. J ack Moores, president of Moores, will join as senior vice president of Personal Lines, reporting to Mary Mullen, senior vice president of Personal Risk for NFP’s Central Region. Since 1987, Moores has built a well-respected business serving high-net-worth individuals and businesses across 43 states. Topics Mergers & Acquisitions Was this article valuable? Yes No Here…

Ten days after giving notice that it planned to protest the awarding of a contract to manage a clearinghouse for Florida’s Citizens Property Insurance commercial policies, Ryan Services Group has withdrawn the notice. It’s not that unusual, a Citizens official explained. Per state regulations, firms that bid on a program but did not win the contract have three days to file a notice of intent to protest. That gives them time to assess their options, Citizens’ media relations manager, Michael Peltier, said. After giving notice, company then has 10 days to file a formal protest. In this case, Ryan Services’…

Ben & Jerry’s former independent chair Anuradha Mittal was “abusive, discriminatory and unprofessional” and fostered a toxic culture before she stepped down from the board earlier this year, according to a legal filing by Magnum Ice Cream Company. In one instance, Mittal said she did not need “white bi—– on the board” and also called a former director a “white bi—,” the owner of Ben & Jerry’s said in the document filed with a New York court on Sept. 4. These counterclaims accompany Magnum’s legal defense against allegations that it wrongfully removed Ben & Jerry’s independent board directors from their…

A rig collapsed in Miami’s financial district at the construction site of Citadel’s new headquarters, crushing several cars and snarling traffic. Videos and pictures provided by Miami Fire Rescue showed three cars impacted by the metal structure with a white BMW SUV still smoldering after a fire was put out on Brickell Bay Drive. At least four people were taken to the hospital with minor injuries, according to Pete Sanchez, a spokesman for the local firefighters. The driver of the SUV was able to escape without serious injury despite the vehicle bursting into flames around 8 a.m. while the operator…

Aon Plc raised $13.5 billion from a high-grade bond offering to help fund its planned acquisition of USI Insurance Services, marking one of the biggest M&A financing deals to come to market in 2026. Investors placed as much as $65 billion of orders on the sale, with the longest maturity drawing the most demand, according to people familiar with the matter. Aon sold notes in seven parts, with maturities ranging from three to 30 years. Price talk on the longest tenor tightened by 0.35 percentage point from initial discussions to a yield of 1.15 percentage points above Treasuries, a separate…

Amazon.com Inc. suspended work with cargo carrier 21 Air LLC, which operated the Sept. 6 flight that overran the runway at Miami and killed five people on the ground. “We’ve spent time supporting the investigation and reviewing some of the surrounding circumstances, and we’ve decided to pause our operations with 21 Air,” Amazon said on its news blog on Sunday. “We’ll continue working to support the investigation and everyone affected.” Flight 7598, a Boeing Co. 767 freighter, ran off the tarmac at Miami International Airport and careered into two vehicles. One of the pilots had called for the landing to…

An auto insurer in Massachusetts can withhold medical payments (MedPay) benefits to insureds whose medical expenses have been paid by their primary health insurer. The Massachusetts Appeals Court has upheld Commerce Insurance Co.’s denial of MedPay benefits in accordance with language added to the state’s standard auto policy in 2016. The Commerce auto policy held by the Noelle Bousquet, who was seriously injured in a crash, included personal injury protection (PIP) coverage for up to $2,000 of medical expenses for any injured person. Bousquet also purchased optional MedPay benefits of up to $25,000. Automobile insurers must offer the option of…