CompSource Mutual seeks to implement a holding company strategy.

CompSource Mutual Insurance Co. is planning a significant change to its structure. The company intends to reorganize as a stock company, creating a new holding structure that it claims will be a “non-recognized” transaction for federal tax purposes. This move was submitted to the Oklahoma Insurance Department, and the company is currently awaiting regulatory approval. … Read more

Michigan Battery Manufacturer Agrees to Pay $95K to Settle Disability Discrimination Lawsuit

Navitas Systems, a battery manufacturer based in Ann Arbor, Michigan, has agreed to pay $95,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). This decision follows allegations that the company enforced a policy requiring employees returning from medical leave to be completely free of any work restrictions. The … Read more

Boston Jury Awards $8 Million to Cancer Patient Who Used Johnson & Johnson Powder for a Lifetime

A Boston jury has awarded $8 million to a woman from Massachusetts, Janice Paluzzi, who developed mesothelioma after using Johnson & Johnson’s talcum powder for many years. The jury found the company responsible for negligence and breach of warranty, concluding that the asbestos in their talc products led to her terminal cancer. Paluzzi used Johnson … Read more

FTC Imposes $5 Million Fine on Payment Processor Paddle for Alleged Scheme Support

The Federal Trade Commission (FTC) has taken action against Paddle, a payment processing company, for allegedly enabling deceptive foreign operators to exploit the U.S. credit card system. This practice has reportedly cost consumers millions of dollars, particularly targeting older adults through misleading tech-support schemes. In a complaint filed by the FTC, Paddle and its subsidiary … Read more

Colorado insurance providers are planning significant cuts to coverage.

Colorado’s individual health insurance market is facing significant changes that could impact around 96,000 residents. Two major insurers, UnitedHealthcare and Anthem, have filed plans to reduce their offerings. This decision comes amid uncertainty over federal tax credits and potential adjustments to Medicaid. State regulators assure that despite these reductions, every county in Colorado will still … Read more

Allstate incurred $184 million in losses due to disasters in July.

Allstate Corp. recently reported significant financial updates related to the 2024 hurricane season, which has seen considerable losses across North America. In July alone, the company faced $184 million in pretax catastrophe losses from 19 wind and hail events. This figure marks a notable decrease compared to the same period last year, when losses were … Read more

Texas Plastics Firm Files Lawsuit Against IRS Over New Regulations

Drake Plastic Products Inc. has taken a stand against new IRS regulations that target certain microcaptive insurance arrangements, claiming these rules unfairly impact legitimate business practices. The company, along with its affiliate Drake Insurance Company and captive management firm Strategic Risk Alternatives LLC, filed a lawsuit in August 2025 to challenge a rule finalized earlier … Read more