Insurance Wiki How

The latest update to California Workers’ Compensation Institute research on California workers’ compensation inpatient hospital stays shows the number of injured worker hospitalizations fell 17.2% in 2020, bringing the total decline since 2010 to 47.2%. Using hospital discharge data from … from News – Insurance Journal https://ift.tt/3Bn9Phj

Utah Insurance Department Distributes $25M to Arches Claimants

Utah Insurance Commissioner Jon Pike, acting as liquidator of Arches Mutual Insurance Co. through his special deputy liquidator Stillman Consulting Services LLC, announced on Friday that checks are being sent to Arches’ medical providers for 100% of their approved claim … from News – Insurance Journal https://ift.tt/3wbium5

Report Details Allegations of Sexual Assault by Former Chicago Blackhawks Assistant Towards Ex-Player

For three weeks in 2010, they did nothing. That’s how long it took for the leadership of the Chicago Blackhawks to act on allegations that an assistant coach sexually assaulted a player. Three weeks. Three weeks that _ more than … from News – Insurance Journal https://ift.tt/3Cs06Y9

Purchase of Insurance Does Not Waive Sovereign Immunity, Georgia Court Finds

The city of Alpharetta, Georgia, did not waive its sovereign immunity when it obtained an insurance policy, an appeals court said Thursday, two years after a man drowned in a city pool. In Sharma vs. City of Alpharetta, the state … from News – Insurance Journal https://ift.tt/3botwdY

Alera Group Acquired Blue Communications in California

Alera Group acquired Blue Communications in Hollywood, Calif. Blue Communications is a human resources consulting and communications agency specializing in internal communications, well-being program development, diversity, inclusion and belonging strategy, management of development and implementation, as well as organizational change. … from News – Insurance Journal https://ift.tt/3pUKZ6p

FDA Finalizes Stronger Safety Warnings on Breast Implants

U.S. health regulators this week finalized stronger warnings for breast implants, including a new requirement that people receive detailed information about their potential risks and complications before getting them. The Food and Drug Administration announced the new regulations mainly aimed … from News – Insurance Journal https://ift.tt/2ZvW2rl

Florida’s Boyd Promises New Roof Cost and Solicitation Bills

Despite recent signals that another round of significant property insurance reforms may be put on the back burner in the upcoming Florida legislative session, a leading committee chair said this week that more needs to be done. Sen. Jim Boyd, … from News – Insurance Journal https://ift.tt/3Es1rij

Fire Destroys US Auto Auction Building in New Jersey, No Injuries Reported

Officials on Wednesday were investigating the cause of a fire that destroyed a large building that housed several businesses in southern New Jersey. Flames broke out Tuesday night and quickly spread throughout the US Auto Auction building. Small explosions could … from News – Insurance Journal https://ift.tt/3CsS7Ky

People Moves: Admiral Names Smyrl President; Hartford’s Schultz Moves to Zurich Life Sciences; Roth Heads AXA XL Cyber Claims; Hippo Adds Hiscox’s Hanson

Smyrl Succeeds Fletcher a President of Admiral Insurance W.R. Berkley Corp. as appointed Daniel Smyrl as president of excess and surplus lines insurer Admiral Insurance Group. He succeeds Curtis E. Fletcher, who has been named chairman of Admiral. Smyrl joined … from News – Insurance Journal https://ift.tt/3GyUEoN

Outages Persist After Nor’easter Batters New England

Utility crews worked Thursday to restore power to hundreds of thousands of homes and businesses in New England after a nor’easter battered the coast with hurricane-force wind gusts. More than 300,000 customers lacked service Thursday morning, the Massachusetts Emergency Management … from News – Insurance Journal https://ift.tt/2ZGJ76n

$17M Jury Award in Deadly Shooting by Off-Duty Officer in California

A federal jury has awarded $17 million to the parents of a mentally ill man who was shot in a Costco store by an off-duty Los Angeles police officer. The panel in Riverside ruled in a lawsuit filed against the … from News – Insurance Journal https://ift.tt/3Cv2Y6F

Inside the New Mexico Movie Set Where Baldwin’s Gun Fired

Light from a high afternoon sun slanted through the tall windows of the weathered wooden church, catching on the plank floorboards and illuminating the stained glass. Outside, the arid ground of the northern New Mexico foothills stretched for miles – … from News – Insurance Journal https://ift.tt/3GyJr7H

Month-Long Halt in Hurricanes Thanks to Dry Air and Atmospheric Lull

This year’s hurricane season started out as one of the most prolific in the modern era. Then suddenly, in October, the storms stopped. As of Friday, the Atlantic hasn’t produced a single new tropical storm in a month. Such a … from News – Insurance Journal https://ift.tt/3BtRfnD

Family of Man Killed by Snowblower Sues Two Maine Hospitals

The son of a man who died in a snowblower accident in 2017 has filed a wrongful death lawsuit against both of Bangor’s hospitals and two medical professionals. Herbert Pelletier, 86, died four years ago of complications of a ruptured … from News – Insurance Journal https://ift.tt/3jQNu5F

First Half of Year Recorded 18% increase in Road Fatalities

Traffic deaths across the country soared by 18.4% in the first six months of 2021, the largest number of projected fatalities in that time period since 2006. The Department of Transportation’s National Highway Traffic Safety Administration reported that an estimated … from News – Insurance Journal https://ift.tt/3GwZkvu

Climate Protesters Spill 1,000 Liters of Fake Oil Outside Lloyd’s of London

Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign to draw attention to the finance industry’s financing of fossil fuels. The activists were protesting the insurance marketplace’s underwriting of … from News – Insurance Journal https://ift.tt/3pSGysz

Protesters spill 1,000 litres of fake oil on Lloyd’s doorstep

A one-tonne tank of plant and water-based biodegradable oil flooded the area in front of Llyod’s headquarters in Insurance Rebellion's latest protest targeting the market over links to fossil fuels. from Insurer - insuranceage.co.uk https://ift.tt/3mpzEZF

Flood Re Tours UK With ‘Floodmobile’ Before COP26 to Highlight Flood Resilience

Flood Re, the joint initiative between the UK government and insurance industry to help make home flood insurance more affordable, has been touring flood-prone cities in the UK to highlight the resilience measures that residents and businesses can install to … from News – Insurance Journal https://ift.tt/3Bl27Ep

Roller Derby Team Sues Cleveland Guardians Over Name Change, Alleges Trademark Infringement

A roller derby team that has called itself the Cleveland Guardians since 2013 sued the city’s Major League Baseball team in federal court in Cleveland on Wednesday alleging that the switch from Indians to Guardians infringes on its trademark. “A … from News – Insurance Journal https://ift.tt/2ZzzWEx

Striking McDonald’s Workers Protest Alleged Workplace Harassment, Violence

McDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores. Several hundred workers were expected to participate in Chicago, Houston, Miami, … from News – Insurance Journal https://ift.tt/3Bst353

Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements

The Bank of England will crack down from next year on banks and insurers that do not hold enough capital to cover risks from climate change, while also considering bespoke safety buffers. Climate-related financial risks are partially captured by existing … from News – Insurance Journal https://ift.tt/3Bk2nDy

California Insurance Commissioner Makes Numerous Appointments to Boards

California Insurance Commissioner Ricardo Lara announced several new appointments. The appointments include three new members to the California Department of Insurance Curriculum Board, one member to the California Insurance Guarantee Association Board of Governors, and five members to the Insurance … from News – Insurance Journal https://ift.tt/2ZIOS3n

Louisiana Tornado Damages More Than a Dozen Homes in Region Still Reeling From Hurricanes

A tornado touched down in western Louisiana Wednesday, Oct. 28, damaging more than a dozen homes in a part of the state still struggling to recover from repeated weather disasters, officials said. The National Weather Service said in a preliminary … from News – Insurance Journal https://ift.tt/3vXxGDe

Florida Supreme Court Disbars Plaintiffs’ Lawyer After Deceptions

The Florida Supreme Court has disbarred an Orlando plaintiffs’ lawyer after the court said he intentionally deceived a trial court and his former wife about his income. Karl Koepke, a practicing attorney since 1965, is known for wrongful death, injury … from News – Insurance Journal https://ift.tt/3Br9pWW

Senate Confirms Parker as OSHA Chief

The U.S. Senate has approved Douglas Parker, former California workplace safety chief, as assistant secretary of labor at the Labor Department and the new head of the federal Occupational Safety and Health Administration. The Senate vote was 50-41 to confirm … from News – Insurance Journal https://ift.tt/2XTJ9a6

Florida Posts New Workers’ Comp Doctor Reimbursement, But Lawmakers Must Review

The Florida Division of Workers’ Compensation has adopted a new reimbursement manual, governing fee schedules and payments to doctors and other health care providers. The 2020 Health Care Provider Reimbursement Manual was adopted by the division on Oct. 22 after … from News – Insurance Journal https://ift.tt/3vW6XXG

La Banque Postale Plans to Buy French Insurer CNP

PARIS — The banking arm of French mail operator La Poste is planning to buy banking group BPCE’s stake in French insurer CNP, the companies said on Thursday, and then plans to make an offer to buy the rest of … from News – Insurance Journal https://ift.tt/3Bo0llR

Georgia to Hold Hearing on Insurance Rule Changes

The Georgia insurance commissioner is proposing a wide range of rule changes for insurance and fire safety. A hearing will be held Nov. 22, and written comments can be submitted by Nov. 15, the office said in a bulletin. Most … from News – Insurance Journal https://ift.tt/3BohvQc

Judge Rejects Southwest Airlines Pilots’ Bid to Block COVID-19 Vaccine Mandate

A federal judge has rejected a bid by pilots to block Southwest Airlines from imposing a vaccine mandate, saying the Dallas-based airline is within its power to require vaccination as a safety measure. U.S. District Judge Barbara Lynn denied the … from News – Insurance Journal https://ift.tt/3EqR8Ly

California Still in Deep Drought Despite Big Storm

The deluge California received from a powerful atmospheric river made streams and waterfalls come alive while coating mountains with snow, but as the storm headed east to the Plains on Tuesday it left the Golden State still deep in drought. … from News – Insurance Journal https://ift.tt/3Eqt2AE

Kemper $17.6M Data Breach Settlement Wins Preliminary Court Approval

Kemper Insurance has won preliminary approval of its $17.6 million proposal to settle a class action stemming from two data breaches. Judge Martha M. Pacold of the federal court for the Northern District of Illinois on Wednesday gave the green … from News – Insurance Journal https://ift.tt/3GtmV0b

Keystone Agency Partners Appoints Big I’s Rusbuldt as First Independent Board Member

Keystone Agency Partners, an independent insurance agency partnership platform, appointed insurance industry veteran Robert A. Rusbuldt as the company’s first independent board member. Rusbuldt currently serves as president and CEO of the Independent Insurance Agents & Brokers of America Inc. … from News – Insurance Journal https://ift.tt/3Epd35D

EU Cybersecurity Agency Warns of Threat From Hackers-for-Hire

Hackers-for-hire emerged as the biggest threat to online security in the last 15 months, with the COVID-19 pandemic and home working creating opportunities for cybercriminals, EU cybersecurity agency ENISA said in its annual report on Wednesday. The study, which covered … from News – Insurance Journal https://ift.tt/3pKc2B6

Legal, Insurance, Safety Issues Swirl Around ‘Rust’ Movie Set Shooting

Alec Baldwin the actor, who pulled the trigger on a prop gun while filming “Rust” in New Mexico and unwittingly killed a cinematographer and injured a director, likely won’t be held criminally or civilly liable for the tragedy. But Alec … from News – Insurance Journal https://ift.tt/3jJW7z5

Johnson & Johnson Reaches $290M Texas Opioid Settlement

Texas Attorney General Ken Paxton announced a $290 million statewide opioid settlement agreement with Johnson & Johnson to resolve opioid-related claims. The agreement will largely track the terms of the Global Prescription Opioid Litigation Settlement Agreement that was announced July … from News – Insurance Journal https://ift.tt/3blOQkq

John Lewis pulls controversial home insurance ad

The TV commercial, which depicts a young boy wearing make-up and women’s clothing, has been removed after the FCA said it was 'misleading'. from Insurer - insuranceage.co.uk https://ift.tt/3jKEvD5

Reinsurers Increasingly Using ILS to Transfer Risks

Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed to other counterparties. According to a report from S&P Global Ratings reinsurers have ceded about 50% of their exposures at … from News – Insurance Journal https://ift.tt/3BqdbQx

IPT untouched in latest Budget

While the tax cut on flights ahead of COP26 grabbed headlines, brokers breathed a sigh of relief as hated insurance premium tax remained at 12%. from Insurer - insuranceage.co.uk https://ift.tt/3w0R1Du

Fidelis opens trading floor in London

The Bermuda-based specialty insurance and reinsurance provider said its new operation would enable brokers to meet with its underwriters, actuaries, wordings and claims specialists to discuss 57 lines of business. from Insurer - insuranceage.co.uk https://ift.tt/3bieUN0

Lloyd's joins the Net Zero Insurance Alliance

Corporation commits to the transition all of its operational and attributable greenhouse gas emissions to net zero by 2050. from Insurer - insuranceage.co.uk https://ift.tt/3BpTWqh

Nick Hobbs: “Rebalance, transform, outperform”

Allianz’s chief distribution and regions officer explains how the restructure of the business over the summer will impact brokers. from Insurer - insuranceage.co.uk https://ift.tt/2ZwNlNC

Unlicensed California Insurance Agent Arraigned in $1.4M Workers’ Comp Fraud Scheme

Unlicensed insurance agent Karyl Lynn Reed, 57, formerly of Cosa Mesa, Calif., was arraigned this week on multiple felony counts of grand theft, forgery, embezzlement, and aggravated white-collar crime after allegedly defrauding three victims of over $1.4 million. Reed was … from News – Insurance Journal https://ift.tt/3nF3au5

California Labor Commissioner Cites Drywall Company $7.2M for Wage Theft

The California Labor Commissioner’s office cited NGC Construction Inc. $7.2 million for wage theft violations affecting 724 workers. An investigation reportedly showed that the Visalia-based drywall company paid workers a fixed amount per project known as “piece-rate.” The workers, who … from News – Insurance Journal https://ift.tt/3nyZ0Uu

$5M in Grants Released to Help California Homeowners Prep for Quakes

California’s Earthquake Brace + Bolt grant program is expanding, and it now includes 395 ZIP Codes where qualifying homeowners can get up to $3,000 to offset the cost of completing a seismic retrofit, the California Earthquake Authority announced. The program … from News – Insurance Journal https://ift.tt/319Y4OL

Severe Storm Brings Tornado Watch to Texas, Louisiana

A severe storm generated thunderstorms and reports of tornados across southeastern Texas into Louisiana late morning Wednesday, Oct. 27. The National Weather Service put out severe thunderstorm and tornado warnings for much of the Houston-Galveston region. Most of those warnings … from News – Insurance Journal https://ift.tt/2ZoX9ZS

People Moves: J.M. Wilson Adds Hotrum; Omaha National Names Four to Board of Directors

J.M. Wilson hires Hotrum as assistant brokerage underwriter J.M. Wilson has hired Amy Hotrum as assistant brokerage underwriter in their Portage, Michigan office. Hotrum is responsible for assisting underwriters with a wide variety of new and renewal brokerage risks, as … from News – Insurance Journal https://ift.tt/3CzK5jf

Study: Indiana Workers’ Comp Average Medical Claims Higher than Most States

A recently published study from the Workers Compensation Research Institute found that the average medical payment for Indiana workers’ compensation claims with more than seven days of lost time was higher than the typical state. The study, CompScope™ Medical Benchmarks … from News – Insurance Journal https://ift.tt/3mja9cv

Arthur J. Gallagher Acquires Illinois’ The VanDyke Group

Arthur J. Gallagher & Co. has acquired Homer Glen, Illinois-based The VanDyke Group, Inc. Terms of the transaction were not disclosed. Founded in 1984, The VanDyke Group offers employee benefits consulting and HR solutions, as well as commercial and personal … from News – Insurance Journal https://ift.tt/3pEaBEl

Residents in 8 Mississippi Counties Can Now Try for FEMA aid for Ida

Mississippi’s governor says residents in eight counties can now apply for federal help with Hurricane Ida expenses, and 19 counties can get public aid. Approval for help through the Federal Emergency Management Agency means “Mississippians will have access to the … from News – Insurance Journal https://ift.tt/3mf19Ff

Big Tech Data Centers Generate Concern Over Scarce Western Water

Conflicts over water are as old as history itself, but the massive Google data centers on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern. Now a critical part of modern computing, data … from News – Insurance Journal https://ift.tt/3EjKczJ

Pair of Earthquakes Confirmed on California’s Central Coast

A pair of earthquakes rattled California’s central coast late Monday afternoon, the U.S. Geological Survey confirmed. A magnitude 4.7 quake hit at 4:42 p.m., centered about 11 miles northwest of San Simeon, according to. At 4:49 p.m., a 3.6 magnitude … from News – Insurance Journal https://ift.tt/3vT9Poa

We Insure Opens Florida Agency with Real Estate Connection

Jacksonville-based We Insure Inc., an insurance franchise company, announced a new operation in Lecanto, Florida, north of Tampa. We Insure Citrus agency, owned by Kevin and Karen Cunningham, will specialize in residential, automobile and commercial lines, particularly for RE/MAX real … from News – Insurance Journal https://ift.tt/3BiqF0D

Chubb Sees Profit Jump 58% on Premium Growth, Underwriting Income

Global insurer Chubb’s third quarter net income soared more than 58 percent year-over-year, as premium gains continued their double-digit climb. The insurer’s Q3 net income reached $1.83 billion during the quarter, or $4.18 per share. That compares to just under … from News – Insurance Journal https://ift.tt/3vRPoHT

Carolina Investigation Busts Contractors for Tax Evasion, False Insurance Certificates

For three years, undercover investigators watched as construction company owners in South Carolina met with a check-cashing company in parking lots, then walk away with bags of cash and fake insurance certificates, showing laborers were covered by workers’ compensation insurance. … from News – Insurance Journal https://ift.tt/2Zxu6nn

Risk Strategies Acquires New Jersey’s Corrigan Johnston Risk Advisors

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Corrigan Johnston Risk Advisors, an all-lines brokerage focused on transportation-related industries. Terms of the deal were not announced. Headquartered in Basking Ridge, New Jersey, Corrigan Johnston was founded … from News – Insurance Journal https://ift.tt/3Bp4E01

UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP

NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a commercial insurance broker with specialization in combined risks for complex and non-standard programs. KGJ provides exclusive program facilities as well … from News – Insurance Journal https://ift.tt/3bg0TQ5

Connecticut Seeks Disaster Declaration for Flooding Caused by Ida

Connecticut Governor Ned Lamont has submitted a request for a major disaster declaration to the Biden administration, seeking federal funds to help Connecticut recover from damage caused by the remnants of Hurricane Ida. The September 1 storm dumped as much … from News – Insurance Journal https://ift.tt/3Bk2n6u

Ex-Liberty University Spokesman Says He Was Fired for Raising Concerns

A former spokesperson for Liberty University is suing the evangelical Virginia school after being fired, alleging in a lawsuit that his termination came in retaliation for voicing concerns that sexual misconduct accusations were mishandled. Scott Lamb, a vice president-level executive … from News – Insurance Journal https://ift.tt/3vNTeSq

Aston Lark Acquires Birmingham Broker Bainbridge Collins

London-based Aston Lark reported it has acquired Bainbridge Collins Ltd., a Midlands independent insurance brokerage focused on the mid corporate sector. Led by Cyril Gallagher, Bainbridge Collins was established more than 30 years ago in Birmingham. In addition to offering … from News – Insurance Journal https://ift.tt/3miUIB6

Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises

While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a relatively few startups. For example, in the second quarter, more than two-thirds of the total capital raised went … from News – Insurance Journal https://ift.tt/3bfOuvv

As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions

Insurers traditionally have offered protection against strikes, riots and civil commotion (SRCC) at no extra cost, but the increased frequency and severity of these risks means property insurers have begun excluding events of social unrest from policies, according to a … from News – Insurance Journal https://ift.tt/3Ei9nCP

These Women Are Fighting Cyber Crime and Cybersecurity’s Gender Divide

Growing ransomware attacks aren’t the only issue concerning the cybersecurity industry today, according to experts on this episode of The Insuring Cyber Podcast. Another concern within the cybersecurity workforce is the gender gap. “I do believe that whatever we have … from News – Insurance Journal https://ift.tt/3Be3Kne

Ping An Insurance Profit Falls 31.2% as Returns, Premiums Shrink

SHANGHAI/BEIJING — Ping An Insurance Group Co of China Ltd., the country’s largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented … from News – Insurance Journal https://ift.tt/3vOWi0B

Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for some insurance companies, according to an AM Best commentary. The Organization for Economic … from News – Insurance Journal https://ift.tt/2Zqyncl

California Labor Commissioner Cites Grocer $1.1M for COVID Sick Leave Practices

The California Labor Commissioner’s Office cited Bodega Latina (dba El Super grocery stores) in Southern California $1,164,500 for failing to provide or delaying supplemental paid sick leave or other benefits to 240 workers at 38 locations affected by COVID-19. An … from News – Insurance Journal https://ift.tt/3Bd5mgR

TWIA Policies Expected to Grow by 5.2% in 2022

The Texas Windstorm Insurance Association expects policies in-force to increase by 5.2% in 2022, according to preliminary budget information shared at a Board of Directors meeting Oct. 25. Policies will increase from a projected 194,054 at December 31, 2021 to … from News – Insurance Journal https://ift.tt/3GpAXzF

OSHA Launches Program To Protect Midwest Workers From Exposure to Hazardous Materials

To reduce employee exposure to health hazards and encourage companies to make workplace safety and health a priority, the U.S. Department of Labor Occupational Safety and Health Administration’s regional office in Kansas City has established a Regional Emphasis Program targeting … from News – Insurance Journal https://ift.tt/3pFTwKk

Insurance Industry Can Expect Global Average Annual Disaster Claims of $106B: AIR

The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40% chance of experiencing an annual loss of more than $200 billion in the next decade, according to Boston-based modeling … from News – Insurance Journal https://ift.tt/3Cw98DP

Aromatherapy Spray From India Linked to U.S. Deaths Being Recalled

U.S. health officials may have solved the mystery of how four people in different states came down with a serious tropical disease even though none had traveled internationally: an aromatherapy spray imported from India. The Centers for Disease Control and … from News – Insurance Journal https://ift.tt/3noAZz6

People Moves: New Hires at MEMIC Group, GCG Financial, NFP

The MEMIC Group Hires Pennsylvania’s Beswick, Delaware’s Grandrino Cindy Beswick of Pennsylvania and Angela Grandrino of Delaware have been appointed as senior production underwriter and production underwriter, respectively, by workers’ compensation specialist The MEMIC Group. Their appointments support MEMIC’s continued … from News – Insurance Journal https://ift.tt/3mdCuB2

Small Earthquake Confirmed in Southern California

A small earthquake near downtown Los Angeles on Sunday morning was felt widely across Southern California, the U.S. Geological Survey confirmed. The magnitude 3.6 quake hit just after 7 a.m. and was centered about a mile south-southeast of the Boyle … from News – Insurance Journal https://ift.tt/3BgEmwY

Hippo in California Hires Hiscox’s Hanson to Expand Claims Operations

This article originally appeared in Carrier Management. Digital home insurer Hippo hired a former Hiscox executive to be its first chief claims officer, with a mission to expand claims operations for the now publicly-traded California-based InsurTech as it grows nationally. … from News – Insurance Journal https://ift.tt/3BaT34Q

Insurer Responsible for Damages After Massachusetts Officer Injured During Training

Driving a truck too fast and injuring a fellow officer during a firearms training is not within the scope of employment duties for a Massachusetts police officer, the Massachusetts Supreme Judicial Court found. This means his insurer is on the … from News – Insurance Journal https://ift.tt/3mbhMSd

California City Pays $500K to Stroke Victim Arrested for DUI

A Southern California city will pay $500,000 to settle a lawsuit by a woman arrested for driving under the influence when she was actually having a stroke. The settlement ends a long legal battle over the arrest of Robin Winger, … from News – Insurance Journal https://ift.tt/2Zl782j

Pounding Rain Raises Flash Flood Threat in New York, New England

The powerful storm battering the U.S. Northeast will inundate New York City with lashing rain and possible flash floods through Tuesday night, then unleash the worst of its fury on New England. As much as 4 inches (10 centimeters) could … from News – Insurance Journal https://ift.tt/3GrYaBE

Commercial Liability Insurers Face Growing Number of False Claims Act Cases

A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney Geoffrey B. Fehling, with Hunton Andrews Kurth in Washington … from News – Insurance Journal https://ift.tt/3pDXvqt

Analysts Say U.S. Labor Shortage Could Last a While

Labor shortages may be the most intractable of the cost risks that U.S. companies faced in the latest quarter, and as the earnings season moves into its peak there are signs the problem will persist, some strategists say. Finding and … from News – Insurance Journal https://ift.tt/3Elgz0L

AIG Announces Senior Leadership Changes; Readies for Life & Retirement Business Spinoff

Insurer American International Group announced senior leadership changes that it says strengthen the organization to deliver on its main priorities including the separation of the Life & Retirement business. AIG announced that effective January 1, 2022, Mark Lyons, currently executive … from News – Insurance Journal https://ift.tt/3pEnfTN

Safety Head Criticizes Tesla Over Its Release of New Self-Driving Software

The head of the U.S. National Transportation Safety Board on Monday criticized electric carmaker Tesla Inc.’s decision to provide new self-driving software to vehicle owners without addressing safety concerns that the agency raised after a series of fatal accidents. NTSB … from News – Insurance Journal https://ift.tt/3vMYcil

Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh

Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance broker Marsh. While this is the … from News – Insurance Journal https://ift.tt/3BrXNTX

UK Financial Regulator Raises No Objection to Bain’s Acquisition of Insurer LV=

Britain’s financial watchdog said on Tuesday it won’t stop insurer LV= from proceeding with the disputed sale of its pensions and life insurance business to U.S. private equity company Bain Capital. LV=, founded in 1843 and formerly known as Liverpool … from News – Insurance Journal https://ift.tt/2ZudrkA

Geo expands political violence and terrorism cover

Geo Specialty has broadened its UK political violence and terrorism policies, widening the scope of its business interruption insurance to cover loss of profits even after the property has been rebuilt and reopened. from Insurer - insuranceage.co.uk https://ift.tt/3vJao3E

Are you ready for Broker Expo?

The agenda for the event, which takes place on 11 November, has been revealed so sign up today and secure your place. from Insurer - insuranceage.co.uk https://ift.tt/3pEBs3g

Reinsurance Price Increases Support Improving Outlook for Sector: Fitch

Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and an improving sector outlook, according to Fitch Ratings. Fitch said it expects double-digit percentage premium rate rises for property catastrophe … from News – Insurance Journal https://ift.tt/3EeyaYo

CII reports narrowing gender and ethnicity pay gaps

The organisation, which has previously urged the industry to do more to ensure equality in pay, says it has taken action to tackle gender and ethnicity pay issues over the last four years. from Insurer - insuranceage.co.uk https://ift.tt/3144z5F

Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather

Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant of US$43,140. This grant brings CCRIF’s Belize contributions to US$143,000, which began helping the country purchase and install automatic weather … from News – Insurance Journal https://ift.tt/3mePwOJ

IMA Acquires Parker, Smith & Feek in Washington

IMA Financial Group is acquiring Washington-based Parker, Smith & Feek to expand its brokerage services in the Pacific Northwest, Alaska and Hawaii. The deal is effective Nov. 1. Terms were not disclosed. IMA’s acquisition of PS&F grows the agency’s team … from News – Insurance Journal https://ift.tt/3Elc0DX

California Announces Workers’ Comp Temporary Total Disability Rates for 2022

California’s Division of Workers’ Compensation announced that the 2022 minimum and maximum temporary total disability rates will increase on Jan. 1, 2022. The minimum TTD rate will increase from $203.44 to $230.95 and the maximum TTD rate will increase from … from News – Insurance Journal https://ift.tt/3GwtPSq

People Moves: Garrison Heads Navigators Wholesale; Trochey Joins Ascot; AXA Environmental Adds; Alllianz Names Houlihan

The Hartford Names Garrison Head Of Navigators Wholesale The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and underwriting for the business, as well as … from News – Insurance Journal https://ift.tt/3CdPCM9

Tornadoes Cause Damage Along Missouri Illinois State Line

A large storm system spawned tornadoes along the Missouri Illinois state line late Sunday, Oct. 24, causing structural damage to residences and knocking out power. The National Weather Service reported an EF-0 tornado struck Farmington, Missouri, about 75 miles southwest … from News – Insurance Journal https://ift.tt/3baAvXW

Florida DFS Mum After it Drops Public Adjuster Investigation

Florida property insurers may remember the strange case of Contender Claims Consultants and its associate, now-suspended Miami attorney Scot Strems. Back in 2019, it was the height of concerns about abuses of the state’s assignment-of-benefits law. Stories abounded about some … from News – Insurance Journal https://ift.tt/3nl8Dpq

People Moves: Tysers’ Allen to Oneglobal Bermuda; MS Amlin Promotes Wallington for Specialty Re; Kessler Named Chair of Insurance Europe’s Reinsurance Advisory Board

Allen appointed as Head of Financial Lines for Oneglobal Bermuda Oneglobal Broking, the London-based specialist broker, announced that Christina Allen will join Oneglobal Bermuda as head of Financial Lines. Allen will report to group CEO, Mike Reynolds, and will officially … from News – Insurance Journal https://ift.tt/3CfO1FB

Class Action Claims Kellogg Scrimps on Strawberries in Pop Tarts

Giant food manufacturer Kellogg is facing a class action lawsuit alleging that it is misleading the public with its Frosted Strawberry Pop-Tarts because it is not using a sufficient amount of actual strawberries in the toaster pastries’ filling. The pastry … from News – Insurance Journal https://ift.tt/3mbKylJ

Massachusetts Train Conductor Who Lost Part of Finger Sues Rail Operator

A conductor on a Massachusetts commuter rail train is suing the company that runs the system, alleging that a malfunctioning door amputated part of his right ring finger. Allen Chin, of Quincy, is suing Keolis Commuter Services LLC for $220,000, … from News – Insurance Journal https://ift.tt/3BcZzba

Ensurise Acquires Virginia’s Gerczak Insurance Agency

Effective October 15, 2021, independent insurance agency Ensurise LLC announced its acquisition of the property/casualty insurance brokerage business of Gerczak Insurance Agency Inc. Founded in 2007 by Gary R. Gerczak, Richmond, Virginia-based Gerczak Insurance Agency is a boutique insurance brokerage … from News – Insurance Journal https://ift.tt/3Go4ZnM

Grocer Sues Oregon Beef Producer for $2.7M Over Outbreak

Lawyers representing New Seasons Market have filed a $2.7 million lawsuit against an Oregon beef producer accusing the company of negligence for delivering beef tainted with E. coli in 2019, court records show. Several people were sickened by the bacteria, … from News – Insurance Journal https://ift.tt/3EdFnI3

NTSB Issues 1st Report on Fatal Midair Arizona Collision

The National Transportation Safety Board issued its preliminary report on a fatal midair collision involving a helicopter and a small plane outside a suburban Phoenix airport earlier this month. The flight instructor and student pilot aboard the Robinson R22 helicopter … from News – Insurance Journal https://ift.tt/3Gm76IE

Maryland Army Veteran Charged with Fraud After Falsely Claiming Disability

A U.S. Army veteran in Maryland is facing federal charges for falsely claiming to be a paraplegic to obtain more than $1 million in government disability benefits. A federal criminal complaint charged William Rich of Windsor Mill, Maryland, for allegedly … from News – Insurance Journal https://ift.tt/3pCsKlU

Large Private Employer Coalition Creates Pharmacy Benefit Management Firm

A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers. With the COVID-19 pandemic weighing severely on … from News – Insurance Journal https://ift.tt/3Eb9foA

Georgia Can’t Pursue Ethics Charges Against Former Insurance Commissioner Oxendine

A judge has thrown out ethics charges against former Georgia Insurance Commissioner John Oxendine, saying state officials waited too long to pursue action. Oxendine was accused of illegally using campaign funds from his failed 2010 gubernatorial campaign to buy a … from News – Insurance Journal https://ift.tt/3mc35hW

Recoop Insurance Vows Quick Cash to Homeowners, Renters Hit by Natural Disasters

Homeowners in 37 states now have access to a parametric-like multi-peril disaster insurance product designed to deliver quick cash in the wake of a natural disaster. The product, Recoop Disaster Insurance, pays out a lump-sum cash benefit from $5,000 up … from News – Insurance Journal https://ift.tt/3GkD3Rt

What Are the Economic Stakes of Climate Change?

COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge … from News – Insurance Journal https://ift.tt/3Ed0Kcz

DNA Testing Firm 23andMe to Expand Into Telehealth With Lemonaid Acquisition

Direct-to-consumer DNA testing firm 23andMe Holding Co. said on Friday it would buy privately held company Lemonaid Health Inc. for $400 million in a cash-and-stock deal, as it looks to expand into telemedicine. Lemonaid Health offers patients direct online access … from News – Insurance Journal https://ift.tt/3CcD5IB

Greenhouse Gas Levels Hit Record in 2021 as World Fails to Cap Rising Temperatures

GENEVA/GLASGOW – Greenhouse gas concentrations hit a record last year and the world is “way off track” on capping rising temperatures, the United Nations said on Monday, showing the task facing climate talks in Glasgow aimed at averting dangerous levels … from News – Insurance Journal https://ift.tt/3vFpAil

SEC Eyes Clawbacks of Executives’ Pay in Cases of Misconduct

The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of … from News – Insurance Journal https://ift.tt/3jA5lgZ

Citing Software Issues, Tesla Pulls Latest Full Self-Driving Beta

U.S. electric car maker Tesla Inc. on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release, after users complained of false collision warnings and other issues. The setback comes … from News – Insurance Journal https://ift.tt/3GivjQ2

Percayso unveils no-code data enrichment product

The solution is available to brokers, insurers and MGAs across personal and commercial lines. from Insurer - insuranceage.co.uk https://ift.tt/3BiIsFa

Hundreds of U.S. Networks Targeted by Russian Cyber Attack, Microsoft Says

The Russian-based agency behind last year’s massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, Microsoft said in a blog post. Microsoft, in a blog post dated Oct. 24, … from News – Insurance Journal https://ift.tt/3pzNIBP

Getsafe Receives German Insurance License, Permitting European Expansion

Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe. “The license is a significant milestone – especially when considering that the German … from News – Insurance Journal https://ift.tt/2XN1VA4

NTSB: Driver was Behind Wheel When Tesla Crashed Near Houston, Killing Two

A driver was behind the wheel when a Tesla electric car crashed and burned last April near Houston, killing two men, neither of whom was found in the driver’s seat. The U.S. National Transportation Safety Board announced the findings in … from News – Insurance Journal https://ift.tt/3vO1wK7

Berkley Moves into Tennessee, DC, Indiana

Berkley One has expanded its personal lines business to Tennessee, Indiana and the District of Columbia. Berkley One collector vehicle coverage is also launching in Idaho, Oregon and Washington, the company said in a news release. In Tennessee and D.C., … from News – Insurance Journal https://ift.tt/3nsELHJ

EXOR Restarts Talks With Insurer Covéa Over Scrapped $9B Sale of PartnerRe: Report

EXOR, the holding company of Italy’s Agnelli family, has restarted talks with French insurer Covéa over a possible sale of reinsurer PartnerRe, Il Sole 24 Ore reported on Saturday, after the deal was scrapped last year due to the pandemic. … from News – Insurance Journal https://ift.tt/3ma7P7s

Florida Lawmakers May Hold Off on More Insurance Reforms, Despite Warnings

Despite hearing warnings of more rate hikes and more red ink from property insurers in coming months, Florida lawmakers may little appetite for further, significant changes to the state’s insurance laws. Instead, the Legislature, which convenes Jan. 11, may wait … from News – Insurance Journal https://ift.tt/3jz602q

‘Rust’ Film Crew Protested Conditions Before Fatal Movie Set Shooting by Baldwin

October 24, 2021

SANTA FE, N.M. (AP) — Alec Baldwin fatally shot a cinematographer on a New Mexico film set with a gun a crew member had assured the actor was safe, a tragic mistake that came hours after some workers walked off … from News – Insurance Journal https://ift.tt/3nrOnm3

On Baldwin’s ‘Rust,’ Other Movie Sets, Union Guidance Is Key to Gun Safety

October 24, 2021

Safety standards developed by film studios and labor unions are the primary protection for actors and film crews when a scene calls for using prop guns. The industry-wide guidance is clear: “Blanks can kill. Treat all firearms as if they … from News – Insurance Journal https://ift.tt/3m9v4P0

Berkshire Hathaway to Tender Stake in Italy’s Cattolica Under Generali Takeover Offer

MILAN – Warren Buffett’s Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy’s top insurer a step closer to controlling its … from News – Insurance Journal https://ift.tt/2ZpiZwy

Oregon Agency Inadvertently Releases Employees Vaccine Status

Oregon’s central administrative agency inadvertently released the COVID-19 vaccination status of more than 40,000 state employees to two media outlets. The Oregonian/OregonLive reported a spreadsheet sent to them and the Statesman Journal was supposed to contain the latest vaccination rates … from News – Insurance Journal https://ift.tt/3m71Pwm

Arizona Restaurateur Whose Business Was Raided by Sheriff Gets $5M

Maricopa County, Ariz., officials approved a settlement this week with a restaurant owner in metro Phoenix who claimed in a lawsuit that then-Sheriff Joe Arpaio’s office had defamed him and violated his rights about seven years ago when investigating whether … from News – Insurance Journal https://ift.tt/3m71PfQ

North Dakota Aerospace School Halts Flights After Student Dies in Crash

The University of North Dakota’s aerospace school has cancelled all flight activities after a student pilot from Chicago died in a plane crash. The University of North Dakota plane went down about 8:30 p.m. on Oct. 18 in a field … from News – Insurance Journal https://ift.tt/3vD5oh1

Louisiana Mayor: 300-400 Buildings Condemned From Hurricane Laura Damage

A Louisiana mayor says 300 to 400 commercial buildings damaged last year by Hurricane Laura are being condemned or marked for demolition. Lake Charles Mayor Nic Hunter told the City Council on Wednesday that he realizes business owners have needed … from News – Insurance Journal https://ift.tt/3E8CmbY

Texas Regulators OK Rule Requiring Power Companies to Better Prepare for Winter

Texas utility regulators on Oct. 21 approved a rule requiring power companies to better prepare for winter weather — based on recommendations that were made, but never acted upon, a decade ago by experts and federal regulators after a 2011 … from News – Insurance Journal https://ift.tt/3CdDcE4

Missouri Officials: Teacher Information Data Breach to Cost $50M Outline

Help for roughly 100,000 teachers whose Social Security numbers were made vulnerable in a massive state data breach could cost Missouri as much as $50 million, the governor’s office confirmed. The estimate includes the cost of credit monitoring and a … from News – Insurance Journal https://ift.tt/3nh6c7n

Parents of Unrestrained Girl Killed on Ride Sue Colorado Theme Park

On her family’s first trip since the pandemic began, 6-year-old Wongel Estifanos got on a vertical drop ride at a Colorado amusement park with her uncle, aunt and cousins last month. When the floor pulled away from beneath them, everyone … from News – Insurance Journal https://ift.tt/3ju8EGu

Climate Change Makes Drought Recovery Tougher in Western U.S.

Californians rejoiced this week when big drops of water started falling from the sky for the first time in any measurable way since the spring, an annual soaking that heralds the start of the rainy season following some of the … from News – Insurance Journal https://ift.tt/3jr1jaR

The Liberty Company Insurance Brokers Forms MGA Aura Risk in California

The Liberty Company Insurance Brokers formed a new managing general agency, Aura Risk Management, providing program administration and a wholesale trading platform for its carriers, Liberty producers, and Aura’s growing national network of select agencies. San Clemente, Calif.-based Aura Risk … from News – Insurance Journal https://ift.tt/3m0pqid

Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source

NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the matter told Reuters on … from News – Insurance Journal https://ift.tt/3E5BHYP

Guy Carpenter Launches Global Insurtech Center of Excellence

Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGAs), powered through modern technology … from News – Insurance Journal https://ift.tt/3E9rvii

People Moves: New Hire at Willis, Chamness Elected to Norfolk & Dedham Boards

Willis Towers Watson Hires Latham to Mid-Atlantic FINEX Commercial Team Willis Towers Watson, a global advisory, broking and solutions company, hired Kenneth Latham to as associate director for the Mid-Atlantic FINEX commercial team. Latham will be responsible for all aspects … from News – Insurance Journal https://ift.tt/3E6KZ7a

NCCI Launches Workers’ Comp Learning Academy for Carriers

The National Council on Compensation Insurance has launched a workers’ compensation learning academy for member carriers. “NCCI affiliates have asked for convenient training and development programs focused on workers compensation insurance,” the council said in a bulletin. The learning sessions … from News – Insurance Journal https://ift.tt/3vCtDfp

Multiple Delaware Residents Indicted for Insurance Fraud

Late last month in New Castle County, Delaware, a grand jury indicted multiple residents for insurance fraud. The indictments stem from Department of Insurance Fraud Prevention Bureau investigations, in partnership with the Delaware Department of Justice. They allege that following … from News – Insurance Journal https://ift.tt/3pqjQrs

The Hilb Group Acquires Massachusetts’ Forrest Insurance Agency

The Hilb Group acquired Massachusetts-based Forrest Insurance Agency, increasing its property/casualty offerings and presence throughout New England. The transaction became effective October 1, 2021. Agency principals Larry Forrest and Michael Forrest and their team of insurance professionals will be joining … from News – Insurance Journal https://ift.tt/3m38EyY

Nashville Clamps Restrictions on Party Buses After Accident

The party bus needs to slow down, Nashville officials decided this week. Nashville’s Metro Council voted 33-3 to approve new regulations for the city’s numerous entertainment vehicles that often loudly cruise down lower Broadway. The Tennessean newspaper reported that the … from News – Insurance Journal https://ift.tt/3B3N2H1

Lawsuits Decry Lead Levels in Mississippi Capital’s Water

Two lawsuits claim that hundreds of children have been exposed to dangerous lead levels through the drinking water in Mississippi’s capital, a city that has been facing water system problems for years. One lawsuit represents one child, while the other … from News – Insurance Journal https://ift.tt/3vyzuSE

QBE names Chris Wallace as executive director for the UK

Move follows Cécile Fresneau's promotion to run QBE's European Operations earlier this year. from Insurer - insuranceage.co.uk https://ift.tt/3vzY0D2

FM Global Promotes Johnson and Dempsey in EMEA Roles; Beazley Names Hiscox’s Wilson Head of Open Market, London; Rokstone Taps Pickard as D&F Property U/W

This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone. A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA Roles Commercial property insurer FM Global has … from News – Insurance Journal https://ift.tt/30KdcC5

California Releases Climate Draft Plan, Axis Accelerates Retreat from Coal

Insurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas. Axis committed to stop insuring any company developing coal infrastructure and phase out all coal business. Axis … from News – Insurance Journal https://ift.tt/3pqIyZ2

Chemical Giant to Pay $50M-Plus to Resolve Air Pollution Concerns in Texas, Iowa

Federal officials say three U.S. subsidiaries of Dutch chemical giant LyondellBasell Industries N.V. (Lyondell) have agreed to make upgrades and perform compliance measures estimated to cost $50 million to resolve allegations they violated the Clean Air Act and state air … from News – Insurance Journal https://ift.tt/2Zh79Vl

Former Wisconsin Insurance Agent Fined $27K with Fraud

The Wisconsin Office of the Commissioner of Insurance (OCI) has charged former insurance agent Richard Freeland with a number of violations of insurance law related to the sale of an unsuitable life insurance policy and annuity to a retired consumer. … from News – Insurance Journal https://ift.tt/3niQQ27

Indiana Man Sues After Alleging Police Knelt on Him

A Gary man is suing northwest Indiana police more than a year after he alleged that officers sprayed him with pepper spray and knelt on him when they encountered him near a protest over George Floyd’s death. Randall Smith’s lawsuit, … from News – Insurance Journal https://ift.tt/3EiHjPR

Texas Furniture Manufacturer Fined $249.6K for Exposing Workers to Amputation Hazards

Federal officials issued five citations against Texas furniture design and manufacturing company and fined the firm more than $249,000 for alleged workplace safety violations. OSHA said while MooreCo Inc. in Temple, Texas, had been given multiple opportunities in the past … from News – Insurance Journal https://ift.tt/3jmErJs

Florida Suit Claims 2-Year-old Found Used Condom in Posh Hotel Room

A New Jersey couple is suing Miami’s famous Biltmore Hotel, alleging negligence over dirty conditions in a room after they said their 2-year-old daughter was found with a used condom in her mouth. The hotel room also contained broken glass … from News – Insurance Journal https://ift.tt/2Z7wO2j

Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents

Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its pilot using independent agents to sell its insurance, and it has hired a Travelers Insurance executive to lead the effort. Metromile, which began an … from News – Insurance Journal https://ift.tt/3nxrbDl

Pennsylvania’s The Perzel Agency Joins The Liberty Company Insurance Brokers

The Perzel Agency has joined The Liberty Company Network of Insurance Brokers. Based in Philadelphia, Pennsylvania, The Perzel Agency was founded more than 25 years ago by Mike Perzel, specializing in personal lines and small commercial. The Liberty Company Insurance … from News – Insurance Journal https://ift.tt/3nd9997

No Major Injuries After Plane Carrying 21 People Burns in Takeoff Mishap in Texas

A plane taking passengers from Texas to the AL Championship Series game in Boston burst into flames after it ran off a runway during takeoff on the morning of Oct. 19. No one was seriously hurt but federal officials are … from News – Insurance Journal https://ift.tt/3GbLiPC

Fifth Member of $31M New York City Trip-And-Fall Scheme Arrested, Charged

A New York litigation funder and the fifth member of a $31 million trip-and-fall fraud scheme has been arrested and charged in Manhattan Federal Court. An indictment has been unsealed charging Adrian Alexander with conspiracy to commit mail and wire … from News – Insurance Journal https://ift.tt/30PAMgX

1,887 Washington Workers Fired, Leave Jobs Due to Vaccine Mandate

More than 1,800 Washington state workers have been fired, resigned or retired due to the state’s COVID-19 vaccination mandate, according to data released Tuesday. The latest numbers released by the governor’s Office of Financial Management show that about 3% of … from News – Insurance Journal https://ift.tt/3pm3D6P

Governor Hochul Declares October as Cyber Security Awareness Month in New York

New York Governor Kathy Hochul has proclaimed October 2021 as Cyber Security Awareness Month in New York state. The announcement comes as part of the state’s effort to raise awareness on the importance of all New Yorkers developing smart cybersecurity … from News – Insurance Journal https://ift.tt/3n9Y48K

Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker

In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are falling short in both evaluating these risks and showing the right acumen for risk management. According to a report released … from News – Insurance Journal https://ift.tt/3vwN5Kr

AM Best Drops Florida Farm Bureau Outlook to Negative After Surplus Declines

Credit-rating agency AM Best has downgraded its outlook for Florida Farm Bureau Casualty Co., from stable to negative, due to the company’s declining surplus in a disaster-prone state. “The revised outlooks reflect the continued volatility in the group’s policyholder surplus,” … from News – Insurance Journal https://ift.tt/3nxaBDB

Howden Acquires Bermuda-Based Insurance Broker Foram

Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in Hamilton, Bermuda. Financial terms of the transaction were not disclosed. Foram is an independent re/insurance broker that provides speciality brokerage services in … from News – Insurance Journal https://ift.tt/3DZwYrG

3 States Could Lose Their Workplace Safety Authority for Refusing COVID Rules

The Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care workers from COVID-19. The threats were sent to Arizona, … from News – Insurance Journal https://ift.tt/2ZdLzAY

Occam buys Beech Underwriting

Beech Underwriting is a specialist in terrorism insurance. from Insurer - insuranceage.co.uk https://ift.tt/3vFDHEo

FAA Proposes Minimum 10-Hour Rest Period for Flight Attendants

The Federal Aviation Administration (FAA) said Thursday it was proposing to require flight attendants receive at least 10 hours of rest time between shifts after Congress had directed the action in 2018, according to a document released Thursday. Airlines for … from News – Insurance Journal https://ift.tt/3C4RSVV

Cowbell Cyber, Palomar E&S Enter Multi-Year Partnership

Cowbell Cyber, an AI-powered cyber insurance provider for small to medium enterprises (SMEs), announced a strategic partnership with Palomar Excess & Surplus Insurance Company to expand its offerings on a non-admitted basis nationwide. The multi-year agreement with Palomar, backed by … from News – Insurance Journal https://ift.tt/3C48VHE

CFC adds EQT to investor panel

Vitruvian, which has backed the cyber specialist since 2017, also remains on board as a financial backer. from Insurer - insuranceage.co.uk https://ift.tt/3ng9WGo

UK MGA CFC Underwriting Receives Major Investment From 2 Private Equity Firms

CFC Underwriting, the London-based specialist managing general agent, announced a major investment, which was joint-led by EQT and Vitruvian Partners, two of Europe’s leading private equity firms. The size of the investment was not disclosed. Founded in 1999, CFC was … from News – Insurance Journal https://ift.tt/3jmWteM

UK’s BMS Acquires South Korean Broker VIB, Led by Former Aon Executive

BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As part of the acquisition, VIB will become BMS Korea, a newly-licensed … from News – Insurance Journal https://ift.tt/3jmkv9N

Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025

By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover … from News – Insurance Journal https://ift.tt/3B24V8Y

No App for That: Florida Court Bans Lawyer-Finding Service, But More to Come

A Florida Supreme Court decision banning an app-based service from connecting ticketed drivers with lawyers may be a win for the law profession, but it is another impediment to average citizens gaining access to the court system, critics said. “This … from News – Insurance Journal https://ift.tt/3vxSfWg

People Moves: Marcello Joins Lockton as COO of Mountain West; Alliant Adds Hill in California

Lockton named Julie Marcello chief operating officer of its Mountain West operations. Marcello will be responsible for operations and business development for Lockton’s regional hub, including Denver, Phoenix, Las Vegas, Salt Lake City and Seattle. Marcello has 23 years of … from News – Insurance Journal https://ift.tt/3DXtiqv

‘We Cannot Do This Alone.’ Biden Cyber Crime Fighter Seeks Corporate Help.

U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. “We cannot do this alone,” Monaco said on Wednesday during a virtual roundtable on … from News – Insurance Journal https://ift.tt/3vunPo9

Oli Insurance Services Acquires Rose City Associates in Oregon

Oli Insurance Services Inc. has acquired Rose City Associates in Portland, Ore. Pete Lackner and Bob Asher created Rose City Associates in 2012 through a merger of their respective agencies, and will continue to lead their team of employees following … from News – Insurance Journal https://ift.tt/2Zdtrr4

$8.5M in Citations Issued to Owner of 6 California Residential Care Facilities Upheld

A hearing officer has upheld the California Labor Commissioner’s wage theft citations issued to Adat Shalom Board & Care Inc. and owner Angelica Reingold in 2018. The citations were to compensate 148 workers who reportedly cared for elderly residents 24 … from News – Insurance Journal https://ift.tt/3vwTpSf

Hamilton to Cease Writing Property Treaty Reinsurance Through Its Lloyd’s Syndicate

Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London. “We regularly review our book to ensure that we continue to drive underwriting profitability in line with Hamilton’s strategy of building a … from News – Insurance Journal https://ift.tt/3lXiylB

Louisiana Lawmaker Slams Ida Housing Assistance Program

A Louisiana House leader offered blistering criticism Monday of Gov. John Bel Edwards’ temporary housing program for people with severe home damage from Hurricane Ida, slamming the effort as moving too slowly to assist suffering residents. Though more than 1,000 … from News – Insurance Journal https://ift.tt/3lW7t4u

Kansas County Approves $146.7K Settlement to Church That Sued Over COVID-19 Restrictions

Jackson County officials on Monday approved a settlement with a church that had sued over COVID-19 restrictions that it claimed discriminated against religion. The Jackson County Legislature voted Monday to approve a $146,750 payment to Abundant Life Baptist Church and … from News – Insurance Journal https://ift.tt/3lW7kxY

New Orleans Officials Investigate Fireworks as Cause of Wharf Fire

The remains of an abandoned river wharf went up in flames over the weekend in New Orleans as fireworks went off nearby, but officials haven’t yet determined whether the display played a role in the enormous fire. The fireworks began … from News – Insurance Journal https://ift.tt/2Z3EXEY

Louisiana Doc to Pay $640K in Kickback Violations Case

A Louisiana physician agreed to pay more than $600,000 to resolve allegation that he accepted kickback payments for referrals of home health patients. The U.S. Justice Department said Dr. Llewelyn Simon, an internal medicine physician from Monroe, will pay $640,000 … from News – Insurance Journal https://ift.tt/3aVYbz4

1 Highway Worker Killed, 1 Injured in Indiana Crash

A highway worker was killed and a co-worker was seriously injured when a vehicle struck them as they were working along a rural road in eastern Indiana, state police said. The two Union County Highway Department employees were working about … from News – Insurance Journal https://ift.tt/3plJNZq

Origami Risk Enhances Workers’ Comp Claims Administration Package

Origami Risk, a risk, safety and insurance Software as a Service (SaaS) technology firm, announced it has packaged its online workers’ compensation claims administration into a standard offering to help insurance carriers, third party administrators (TPAs), risk pools and managing … from News – Insurance Journal https://ift.tt/3lWOF4R

Regulation, Technology Know-How Are Delaying Embedded Insurance’s Full Potential

Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that could postpone its full potential, a panel of experts and industry insiders said during InsureTech Connect 2021 in Vegas. “Regulation is a roadblock … from News – Insurance Journal https://ift.tt/3nessyD

Seattle Reports 99% Compliance with Employee Vaccine Mandate

The city of Seattle reported that 99% of its employees are in compliance with the mayor’s COVID-19 vaccine mandate. By 11:59 p.m. Monday, all Seattle city employees have to be vaccinated against COVID-19, per an August order by Mayor Jenny … from News – Insurance Journal https://ift.tt/2ZeKdGj

Man Who Fell From Sports Skybox in New Mexico, Son Get Payouts

A man who fell from a luxury suite at a university sports arena in Albuquerque onto concrete stairs below has been awarded $144,000 under a state-negotiated settlement, according to settlement documents obtained Monday. During a Lobos basketball game in December … from News – Insurance Journal https://ift.tt/3G7PcsP

New York Foundry to Pay $276K for Safety, Health Hazards Following Inspection

A Syracuse, New York, iron foundry cited by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for dozens of health and safety violations has agreed to correct 60 cited hazards, implement enhanced corrective measures and pay $276,189 … from News – Insurance Journal https://ift.tt/3jkc8eQ

Georgia to Pay $870,000 to Whistleblowers Fired by Beck

The state of Georgia has settled a whistleblower lawsuit brought by three Insurance Department employees who reportedly leaked information about disgraced former Insurance Commissioner Jim Beck. “I think the primary lesson here is that these ladies are heroes or should … from News – Insurance Journal https://ift.tt/3aUW929

New Jersey Executive Who Embezzled $48M Gets 75-Month Sentence

A former publication company executive was sentenced to more than six years in prison Monday in a $48 million embezzlement plot. A federal judge sentenced Nestor Charriez to 75 months and also ordered him to pay $43 million in restitution. … from News – Insurance Journal https://ift.tt/3jif9fq

Two Tornados Confirmed in Western Pennsylvania

A pair of tornados have been confirmed in western Pennsylvania over the weekend, forecasters said. The National Weather Service says an EF-0 tornado with estimated winds up to 85 mph touched down in the town of Shippingport before dawn Saturday. … from News – Insurance Journal https://ift.tt/3jkkjYi

EPA Launches Strategy to Regulate Toxic ‘Forever Chemicals’

The Biden administration said it is launching a broad strategy to regulate toxic industrial compounds associated with serious health conditions that are used in products ranging from cookware to carpets and firefighting foams. Michael Regan, the head of the Environmental … from News – Insurance Journal https://ift.tt/3phXRD1

Russia’s Renaissance Insurance to Cut Size of IPO to $250M: Sources

MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an over-allotment option. The group has covered its … from News – Insurance Journal https://ift.tt/3DStmri

People Moves: Jeffrey White joins Holmes Murphy; GCG Financial hires Pauline Sobelman

Jeffrey Austin White joins Holmes Murphy Jeffrey Austin White has joined Holmes Murphy as its Chief Analytics Officer (CAO), bringing his nearly three decades of expertise focused on strategic investments in talent and technology to the national insurance brokerage. In … from News – Insurance Journal https://ift.tt/30B80QZ

Business Groups Rally Against, Block Texas Bill to Ban COVID-19 Vaccine Mandates

Bills intended to block any Texas entity, including hospitals and private businesses, from mandating COVID-19 vaccines for employees failed to pass the Texas Legislature before lawmakers adjourned the third special legislative session. Signs that the legislation was in trouble came … from News – Insurance Journal https://ift.tt/3B7Vntv

Whoa! Horse Riding Is Riskier Than Football, Auto Racing or Skiing?

The risk of an injury is higher for horse riding than for other potentially risky sporting activities, such as football, motor racing or skiing. That’s according to research published in the online journal Trauma Surgery & Acute Care Open that … from News – Insurance Journal https://ift.tt/3jhYMQe

One80 Acquires Louisiana’s Equity Partners Insurance Services

Boston-based One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), warranty and lender-based insurance provider, and insurance aggregator, has acquired Equity Partners Insurance Services Inc. (EPIS), a managing general agent and wholesaler for commercial and personal lines … from News – Insurance Journal https://ift.tt/3pfcYNx

JAB to Acquire Chicago’s Figo Pet Insurance

Independence Pet Holdings (IHC), the U.S. pet insurance platform for JAB Holding Co., a German conglomerate based in Luxembourg, is acquiring Chicago-based pet insurance provider, Figo. As part of the acquisition agreement, the shareholders of Figo will roll a portion … from News – Insurance Journal https://ift.tt/30wJXTc

Houston Doc Found Guilty of Illegally Prescribing More Than 1.3M Doses of Opioids

A federal jury convicted a Houston-area physician for unlawfully prescribing more than 1.3 million doses of opioids, the U.S. Attorney’s Office for the Southern District of Texas reported. According to court documents and evidence presented at trial, Parvez Qureshi, 56, … from News – Insurance Journal https://ift.tt/3npZb4v

Brown & Brown Acquires Wisconsin’s Remedy Analytics

Brown & Brown, Inc. has acquired all of the stock of Remedy Analytics. Founded in 2011 by current chief executive officer, Scott L. Martin, Remedy Analytics uses its proprietary PharmaLogic® data-based medication platform to offer pharmacy consulting services to employers … from News – Insurance Journal https://ift.tt/3vpva8e

Treasury Report Offers Insight Into Surge in Ransomware Activity in 2021

There was $590 million in suspicious activity related to ransomware in the first six months of 2021, exceeding the entire amount in 2020, when $416 million was reported, according to a report released Friday by the U.S. Treasury Department’s Financial … from News – Insurance Journal https://ift.tt/3pc3AdI

People Moves: Crest in Arizona Names Pallesen Vice President; Bender in California Adds Pazar

Crest Insurance Group of Tucson, Ariz., named Russell Pallesen vice president of commercial sales. Russell has previously been a branch manager for Enterprise Rent a Car, and has worked in pharmaceutical sales. In 2017, he began selling property/casualty insurance. Crest … from News – Insurance Journal https://ift.tt/3n7ma3R

Pandemic Underscores Need to Diversify Tahoe’s Tourist Economy

The COVID-19 pandemic helped expose the growing vulnerability of Lake Tahoe’s increasingly tourism-dependent economy as housing costs balloon, year-round residency declines and more workers commute from afar or seek jobs elsewhere, a new report says. The Tahoe Prosperity Center says … from News – Insurance Journal https://ift.tt/3npJASv

Feds Release Report Aimed at Alaska Aviation Safety

A federal report aimed at improving aviation safety in Alaska recommends improvements in providing weather information to pilots and continued work to update maps with information on mountain passes, among other steps. The Federal Aviation Administration, which released the report … from News – Insurance Journal https://ift.tt/3lT4cCO

Southern California Wildfire Almost Fully Contained, Residents Go Home

Residents who fled the Alisal Fire west of Santa Barbara have been allowed to return home. All evacuation orders and warnings were canceled Sunday afternoon. The fire was 87% contained Monday morning and its size was holding at about 27 … from News – Insurance Journal https://ift.tt/3neh7Ps

People Moves: New Hires at Maryland Insurance Administration, Mosaic, New Dawn Risk

Floyd Named Director of Fiscal Services for Maryland Insurance Administration Maryland Insurance Commissioner Kathleen A. Birrane named Linwood Floyd as director of fiscal services for the Maryland Insurance Administration (MIA). Floyd comes to the MIA after more than 13 years … from News – Insurance Journal https://ift.tt/2YYK2ym

The Hilb Group Acquires Connecticut’s Gerardi Insurance Services

The Hilb Group acquired Connecticut-based Gerardi Insurance Services Inc., increasing its New England footprint. The transaction became effective October 1, 2021. Based in Putnam, Connecticut, Gerardi Insurance offers property/casualty and employee benefits products and services for clients throughout the region. … from News – Insurance Journal https://ift.tt/3vthnhe

New York Directs Two Cryptocurrency Lending Platforms to Cease Activity

Two cryptocurrency lending platforms were asked to cease activities in New York by the state’s attorney general on Monday and three other platforms were directed to provide information about their business. The move comes weeks after New York Attorney General … from News – Insurance Journal https://ift.tt/3jgmNHl

Higher Investment Returns Help Offset Catastrophe, Auto Losses for Travelers in Q3

Third quarter profit fell 20% at The Travelers Companies due to higher catastrophe and auto losses but the insurer also reported a 15% boost in investment returns. Net income of $662 million for the third quarter compared to $827 million … from News – Insurance Journal https://ift.tt/3ASPSyt

Insurance Agency M&As Up 13% Thus Far in 2021: Optis

There were 553 announced insurance agency mergers and acquisitions during the first three quarters of 2021, up from 490 in 2020, According to an OPTIS Partners’ M&A report, that was the highest recorded total for this period. “Multiple factors that … from News – Insurance Journal https://ift.tt/3jgPkfL

People moves: 18-22 October 2021

Keep up to date with the latest people moves. from Insurer - insuranceage.co.uk https://ift.tt/3BVmQQ1

Biba, ABI and Flood Re open registration for flood directory

The directory is set to launch later this year and the organisations are now calling for specialist brokers and providers to register to be part of the service. from Insurer - insuranceage.co.uk https://ift.tt/2XqSKFf

Cyber Defense Specialist, Lodestone Security, Opens London Office

Lodestone Security, a Beazley subsidiary and leader in cyber defense and incident response in the U.S., is expanding its global reach by opening an office in London. Adam Harrison joins the group as managing director of Lodestone Security UK. The … from News – Insurance Journal https://ift.tt/3piyu46

People Moves: D&O MGA Tegron Names Tokio Marine’s Shergill Sr U/W; AXIS Financial Institutions Hires 3 for London Team; Aon Re’s Russell Is Casualty Treaty U/W at Atrium

D&O Insurer Tegron Names Tokio Marine’s Shergill as Senior U/W Tegron Specialty, the Beat Capital backed D&O underwriting specialist, announced the appointment of Kiran Shergill as senior underwriter. Shergill will report to Ray Pallett, CUO, and assumes her role with … from News – Insurance Journal https://ift.tt/3BZJ1EP

Beazley Launches First ESG Syndicate at Lloyd’s

Specialist insurer Beazley has received in-principle approval from Lloyd’s to launch Syndicate 4321 from Jan. 1, 2022. Once fully approved, the syndicate will focus exclusively on offering additional capacity to businesses that perform well against environmental, social and governance (ESG) … from News – Insurance Journal https://ift.tt/3n9PyGD

Proposed New Orleans Ordinance Aims for Safer Senior Living Facilities in Ida’s Aftermath

A new ordinance being proposed in New Orleans is designed to protect residents at apartment complexes for seniors during disasters like Hurricane Ida, which wiped out power to the city and stranded hundreds of people in sweltering apartment complexes for … from News – Insurance Journal https://ift.tt/3AYVeIM

Louisiana Implements Mediation Program for Hurricane Ida Claims

Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related to damage caused by Hurricane Ida, which struck Southeast Louisiana as a category 4 hurricane in late August. Bulletin 2021-08 states its purpose … from News – Insurance Journal https://ift.tt/3ATn2OH

People Moves: Guaranteed Names Jeff Wingate as EVP; Alera Hires Seabold

Guaranteed names Jeff Wingate as EVP Guaranteed Rate Insurance, an independent brokerage that offers personal, commercial, life and specialty insurance, announces it has hired Jeff Wingate as its new Executive Vice President to drive growth and diversify its product offerings. … from News – Insurance Journal https://ift.tt/3lQ6McM

Insurers’ Payments to Expert Witnesses Are Discoverable, Florida Supreme Court Says

Florida insurance companies must disclose their financial arrangements with expert witnesses when asked to do so in litigation, the state Supreme Court has decided. In Brent Dodgen vs. Kaitlyn Grijalva, an automobile accident negligence case, the high court on Thursday … from News – Insurance Journal https://ift.tt/3aQlhXG

People Moves: IMA Adds Marine Practice; Hires McCord, Homrighaus, Roberts in Houston

IMA Adds 3 Marine Experts in Houston IMA Inc. added a marine practice group with the hiring of three new insurance veterans in its Houston office, expanding its expertise across the spectrum of marine coverages to include hull, liabilities and … from News – Insurance Journal https://ift.tt/3AN0wqF

Kemper Proposes $17.6M Settlement of Data Breach Claims

Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million customers and employees. The … from News – Insurance Journal https://ift.tt/3b3PWkJ

County in Washington Settles Shooting Lawsuit for $3.5M

A western Washington county has agreed to pay $3.5 million to settle a lawsuit filed by the family of a man shot in the head in 2017 by a sheriff’s deputy and who died about a year later in 2018. … from News – Insurance Journal https://ift.tt/3pfHPJY

New York Mandates Continuing Education for Insurers in Flood Insurance, Diversity

The New York State Department of Financial Services (DFS) is mandating continuing education in flood insurance for property/casualty insurance producers in response to the increasing risk of flooding due to climate change. In addition, DFS is the first state regulator … from News – Insurance Journal https://ift.tt/2YXwbsB

Mobility Sector Will Need New Insurance Products to Continue to Grow: Marsh

For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support gig-workers at scale, advises a report from insurance broker Marsh. According to the report, the COVID-19 pandemic is … from News – Insurance Journal https://ift.tt/2YXw8Nr

Attorney Says New Jersey Complex Evacuated Due to Rockslide Will Be Razed

A New Jersey apartment complex from which 45 families were abruptly evacuated due to a rockslide stemming from the remnants of Hurricane Ida will be demolished, according to the lawyer representing the property owner. Attorney Steven Eisenstein handed evacuees checks … from News – Insurance Journal https://ift.tt/2XmdUnN

Massachusetts Bakery Agrees to Settle Race Discrimination Lawsuit

A Massachusetts bakery has agreed to pay up to $95,000 in penalties and restitution, require anti-bias training for employees, and revise its anti-discrimination policies to settle allegations that an employee was repeatedly exposed to racial slurs in the workplace, the … from News – Insurance Journal https://ift.tt/3BUFR58

U.S. Insurers’ Face ‘Minimal Exposure’ in China’s Evergrande Property Crisis

The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse. According to analysts with the National Association of Insurance Commissioners (NAIC) … from News – Insurance Journal https://ift.tt/30DYGfl

Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool

Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach … from News – Insurance Journal https://ift.tt/3ANdpkh

Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.

Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in Vancouver, British Columbia, Canada, Rogersworks is an independent benefits … from News – Insurance Journal https://ift.tt/3n45Hxr

Allianz launches sustainable procurement charter

With this charter, Allianz says it aims to encourage suppliers to reduce carbon emissions, recycle waste, use renewable energy, and consider biodiversity. from Insurer - insuranceage.co.uk https://ift.tt/2Z3fETT

Lawmakers Introduce Liability, Competition Bills Targeting Giant Internet Firms

The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a Facebook Inc. whistle-blower sparked fresh calls to rein in an industry that has largely escaped regulation so far. A … from News – Insurance Journal https://ift.tt/2YZh3KE

China Provides Assurances that Evergrande Crisis Is Being Contained

For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.” That phrase is now making a comeback in Beijing as regulators … from News – Insurance Journal https://ift.tt/3lQ0lGA

Beazley sets up ESG specialist syndicate

The organisation will focus on providing capacity to businesses that perform well on environmental and social governance metrics. from Insurer - insuranceage.co.uk https://ift.tt/3DUigSD

Motor premiums stabilise as telematics grows

Data from Consumer Intelligence reveals that 1 in 4 cheapest motor insurance quotes are provided by telematics firms, and while motor premiums plunged 9.4% in the last 12 months, prices are now beginning to stabilise. from Insurer - insuranceage.co.uk https://ift.tt/3BVjmNv

Former Boy Scouts Official Tells Congress Group Still Protecting Secrets Over Kids

The former youth protection director for the Boy Scouts of America said Tuesday the organization is not doing enough to protect children from sexual abuse and is still trying to maintain a veil of secrecy over decades of past abuse. … from News – Insurance Journal https://ift.tt/30GFfTf

Munich Re, Hannover Re Expect Rising Prices After Floods in Germany

German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe next year, citing mid-July floods in central Europe, inflation and the coronavirus pandemic. The floods in July alone caused damage … from News – Insurance Journal https://ift.tt/2XlPCdB

Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger

For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where its employees work … from News – Insurance Journal https://ift.tt/3aPrkM8

Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils

The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils,” commented Michal Lörinc, senior catastrophe analyst for … from News – Insurance Journal https://ift.tt/3C4c8qo

Electric Scooter Providers Plan Selective Expansion, Seeking Scale to Survive

The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering … from News – Insurance Journal https://ift.tt/3lQ2oKP

China Urges Development of Accident Insurance, Pension Products for Gig Workers

China’s top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as couriers and takeout deliverymen. China has in recent years experienced a delivery boom … from News – Insurance Journal https://ift.tt/3aTd3xX

Florida Law Officers Want Change to Workers’ Comp PTSD Law

Three years after first responders in Florida won a hard-fought victory to make mental stress a compensable condition, officers now hope lawmakers can tweak the law to correct some problems. The Florida Police Chiefs Association leaders and law officers from … from News – Insurance Journal https://ift.tt/3vnyUY7

14 Alleged Insurance Fraudsters Arrested in Florida

Fourteen alleged insurance fraudsters are awaiting court action after they were arrested last week in southwest Florida. In Manatee County, south of Tampa, 13 men were caught in a sting operation and charged with contracting without a license and failing … from News – Insurance Journal https://ift.tt/2XmGpBP

Benefits of Vaccine Mandates Outweigh Workers’ Comp Costs of Vaccine Injuries

Vaccinations have served to significantly reduce the spread of COVID-19 in populations with high take-up rates, according to the Centers for Disease Control and Prevention(CDC). In the past months, many businesses and public entities have begun to require their employees … from News – Insurance Journal https://ift.tt/3G79jaT

People Moves: LP Adds DeHart, Pino and Warner in Nevada; Powers-Leavitt Names Woodruff Managing Partner

LP Insurance Services LLC added Deanna DeHart, Courtney Pino and Bryce Warner to the Reno, Nev., employee benefits insurance team. All three brokers will serve employee benefits clients in the northern Nevada community. DeHart is an 18-year industry veteran who … from News – Insurance Journal https://ift.tt/3BQRDO3

‘Lost’ Rolex Watch Turns Up at Washington Jeweler, Owner Faces Fraud Charge

Christopher Michalke, of Seattle, Wash., was charged in King County Superior Court with one felony count of filing a false insurance claim for a $14,753 Rolex watch after an investigation by Insurance Commissioner Mike Kreidler’s criminal investigations unit. Michalke is … from News – Insurance Journal https://ift.tt/3DOi6MK

Industry Groups Meet at White House on Vaccine Mandate Rule

Several influential industry groups including the U.S. Chamber of Commerce met White House officials on Friday and raised concerns about labor shortages and coronavirus testing requirements as the administration races to implement a plan to require private-sector workers to be … from News – Insurance Journal https://ift.tt/3BN7jlk

California City Paying $11M to Settle Fatal Crosswalk Crash

Sacramento has paid $11 million to settle a lawsuit after a car hit a boy and killed his grandmother in 2018, one of the city’s largest such payouts. QuiChang Zhu, 72, and her grandson Jian Hao Kuang, 6, were using … from News – Insurance Journal https://ift.tt/3j2Ujk3

Texas Bill Would Make Firms Requiring COVID Vaccine Vulnerable To Lawsuits

As Gov. Greg Abbott and other Republican Texas leaders wage a war against vaccination mandates meant to curb COVID-19, a state Senate committee on Oct. 14 advanced legislation that would make any entity, including hospitals, vulnerable to discrimination lawsuits if … from News – Insurance Journal https://ift.tt/3p5vk3y

People Moves: Risk, Rushmore and Willis Towers

Risk Strategies Names Meder to Claims Advocacy Role Risk Strategies, a national insurance brokerage and risk management firm, announced that John Meder, of Raleigh, North Carolina, will be the new head of risk consulting and claims advocacy. Meder has more … from News – Insurance Journal https://ift.tt/3FRfDD1

Texas Contractor Fined $212K in Fatal Crane Collapse

Federal workplace safety officials say a Lufkin, Texas, contractor’s failure to assemble a crane boom properly caused the crane to collapse onto a passing vehicle on Interstate 10 near Beaumont, killing the two occupants in April 2021. OSHA cited Hemphill … from News – Insurance Journal https://ift.tt/3mUK9mN

Former Northeast Missouri Town Clerk Sentenced for $315K Embezzlement

The former town clerk of a small rural community in northeast Missouri was sentenced Wednesday to 18 months in federal prison and ordered to pay back $315,000 to the town. Tracey Ray, 48, pleaded guilty in June to wire fraud … from News – Insurance Journal https://ift.tt/3G1dpkP

North Dakota Hit with Tornados, Record Rainfall, Blanket of Snow

North Dakota residents experienced a range of weather this week, with rare October tornadoes in the southeastern part of the state, an early season snowstorm in the west and record rainfall in Bismarck. Preliminary reports indicate two tornadoes touched down … from News – Insurance Journal https://ift.tt/3vhQxIB

As Louisiana Port Rebuilds After Hurricane Ida, Loss of Wetlands Seen as Threat

On Louisiana’s south coast, in a key port servicing the U.S. offshore oil industry, a huge shipyard sits idle and in tatters. Where parts of the nine-bay terminal’s roof once hung, only a tangle of twisted metal beams is now … from News – Insurance Journal https://ift.tt/2YVulru

Murdaugh Charged With Taking Dead Housekeeper’s Life Insurance Settlement

Prominent South Carolina lawyer Alex Murdaugh, already accused of swindling money from his law firm and for faking his own murder, has now been charged with stealing insurance settlements meant for the sons of his late housekeeper. Murdaugh was arrested … from News – Insurance Journal https://ift.tt/3vjwiui

RIMS CEO Roth to Retire in 2022

After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for next April. She has been chief executive officer of … from News – Insurance Journal https://ift.tt/30lQzUo

Judge Dismisses Air Ambulance Attempt to Block Florida Reimbursement Law

Florida’s insurance commissioner is applauding a federal court’s decision to dismiss an air ambulance company’s challenge to a 2020 law that limits insurance reimbursements for pricey helicopter and fixed-wing medical transports. “The successful dismissal of this lawsuit will ensure consumers … from News – Insurance Journal https://ift.tt/3DBmBKy

Washington City Paying $515K Settlement in Police Shooting

The city of Seattle has agreed to pay $515,000 to settle a civil-rights lawsuit filed by the estate of Iosia Faletogo, who was shot and killed by police after a foot chase across Aurora Avenue North on New Year’s Eve … from News – Insurance Journal https://ift.tt/3ANjYDz

Wildfire Destroys School in Small Eastern Washington Town

A fire has destroyed a school in an eastern Washington town. Lincoln County Sheriff Wade Magers said the fire at Almira Elementary and Middle School started around 4:30 p.m. Tuesday. Classes and after school activities had been canceled because of … from News – Insurance Journal https://ift.tt/3j4Hq9t

California Highway Reopens, Wildfire Still Threatens Homes

A key Southern California highway closed for days because of a wildfire was reopened Thursday evening but authorities warned that flames still posed a threat to remote properties in a coastal mountain range. The Alisal Fire has charred more than … from News – Insurance Journal https://ift.tt/3AFawSN

Mosaic Insurance Opens First U.S.-Based Office Location in New York City

Mosaic Insurance has opened an office in New York City. This is its first U.S.-based physical address for a growing number of employees. The Midtown South office, which will accommodate members of Mosaic’s cyber and transactional liability lines, along with … from News – Insurance Journal https://ift.tt/3j5Qqed

Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows

Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers … from News – Insurance Journal https://ift.tt/3mQ4IAI

Safety Regulator Questions Tesla on No Recall With Autopilot Update

U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway … from News – Insurance Journal https://ift.tt/3FIFEEu

Maine to Seek ‘Forever Chemical’ Contamination at Many Sites

Environmental regulators in Maine will soon undertake a statewide investigation to find concentrations of long-lasting environmental pollutants. The investigation stems from the state’s efforts to mitigate a class of chemicals known as PFAS, which are also called “forever chemicals.” The … from News – Insurance Journal https://ift.tt/3aG6MFT

Massachusetts Alleges Improper Asbestos Removal, Disposal in Salem

The former owners of a Salem property recklessly cut corners that probably led to the release of asbestos during demolition at the site, the state attorney general’s office said in a lawsuit. The office alleges in the suit, filed this … from News – Insurance Journal https://ift.tt/3vckbiw

California FAIR Plan to Appeal of Court’s Ruling on Expanded Coverage

The California FAIR Plan Association (FAIR Plan) says it will appeal a ruling by the Los Angeles Superior Court the association believes will lead to unnecessary rate increases for all FAIR Plan policyholders and unnecessarily expand the role of the … from News – Insurance Journal https://ift.tt/3lHNXZt

After Surfside, Task Force Calls for Sweeping Changes in Condo Law

Four months after the collapse of a 12-story South Florida condominium building left 98 people dead, a Florida Bar task force has recommended major changes in how condo associations operate, including a requirement to maintain larger cash reserves for repairs … from News – Insurance Journal https://ift.tt/3vdDmbx

Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies

A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In addition to the directory, InsurancePlayground.com includes the ability to rate … from News – Insurance Journal https://ift.tt/3AMsuT7

Florida Insurers Upheld in Three More AOB Court Rulings

Three more appeals in assignment-of-benefits cases have gone the way of Florida property insurers. Florida’s 3rd and 4th District Courts of Appeal handed down opinions Wednesday that upheld lower courts and found that three carriers do not owe payment to … from News – Insurance Journal https://ift.tt/3BN2Ij6

Skyward Specialty Adds Cannabis Coverage for D&O and E&O Lines

Skyward Specialty Insurance Group, Inc. (Skyward Specialty) is broadening its Professional and Management Liability solutions for the U.S. Legal Cannabis Market by expanding its private company appetite and adding cannabis-related risk to multiple coverage classes. The Company’s D&O and E&O … from News – Insurance Journal https://ift.tt/3j1rBAn

Illinois Healthcare Center Fined $83.6K for Lack of Coronavirus Protections

Federal workplace safety officials say a Bloomingdale, Illinois, nursing facility failed to protect employees and temporary staff from possible coronavirus hazards a year after an employee died of the disease. OSHA initiated a follow-up inspection at West Suburban Nursing and … from News – Insurance Journal https://ift.tt/3FXkpz9

Likely Tornadoes Cause No Major Damage in Oklahoma City

Two likely tornadoes touched down in the Oklahoma City area Wednesday in addition to two other suspected twisters in western Oklahoma as severe storms hit the state, according to the National Weather Service. There are no reports of injuries or … from News – Insurance Journal https://ift.tt/3mSjuqW

Michigan Woman Pleads Guilty to $135K Insurance Fraud

A Portland, Michigan, woman has pleaded guilty to filing fraudulent insurance claims totaling more than $135,000, state insurance regulators say. According to Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox, following an investigation conducted by the DIFS … from News – Insurance Journal https://ift.tt/2YQFDxd

Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President

Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment of Hilario Itriago as Boxx USA president. The digital managing general agency promises that its cyber insurance products make it … from News – Insurance Journal https://ift.tt/3lFSDyG

Motor premiums continue to fall in Q3

Premiums are the cheapest they have been since mid-2015, but the rate at which prices are falling has slowed in the last three months, according to Confused/Willis Towers Watson. from Insurer - insuranceage.co.uk https://ift.tt/3AF81Qf

La Nina Arrives, Threatening More Droughts, Storms and Supply Disruptions

A weather-roiling La Nina appears to have emerged across the equatorial Pacific, setting the stage for worsening droughts in California and South America, frigid winters in parts of the U.S. and Japan and greater risks for the world’s already strained … from News – Insurance Journal https://ift.tt/3mWtTle

Aon Projects Health Costs for Large Companies to Rise 5% in 2022

Costs for large U.S. employers that pay for their employees’ medical care will increase on average five percent to more than $13,000 per employee in 2022, predicts insurance broker Aon. This increase would be slightly less than what employers budgeted … from News – Insurance Journal https://ift.tt/3BJf4Zt

People Moves: Promotions at A.I.M. Mutual, Merchants; Fred C. Church Hires Thompson

A.I.M. Mutual Names Landers as Vice President, Chief Operating Officer A.I.M. Mutual’s board of directors elected Daniel Landers as vice president and chief operating officer, effective October 1. In this capacity, he continues to report to President and CEO Michael … from News – Insurance Journal https://ift.tt/3FJWToV

New Jersey Releases Final Climate Change Resiliency Strategy

New Jersey Governor Phil Murphy’s Interagency Council on Climate Resilience released the final version of the state’s first Climate Change Resiliency Strategy, a science-based blueprint for protecting New Jersey’s vulnerable communities, environment, economy, and infrastructure from the impacts of climate … from News – Insurance Journal https://ift.tt/3v9ZOTb

Marsh McLennan Launches Cyber Risk Analytics Center

Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and academic partners. The cross-enterprise center’s participants— Marsh, … from News – Insurance Journal https://ift.tt/3BTvtuk

Ping An’s Big Drop in Market Value Driven by Investor Wariness Over China Uncertainties

China’s Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, it’s now priced more like a … from News – Insurance Journal https://ift.tt/3BJ4mCr

The Hilb Group Completes Acquisition of D.F. Dwyer & Associates

The Hilb Group acquired a book of personal lines business from Rhode Island-based D.F. Dwyer & Associates LLC. The transaction became effective October 1, 2021, and completes the acquisition of D.F. Dwyer by the Hilb Group. Based in Newport, Rhode … from News – Insurance Journal https://ift.tt/3aBhQnA

People Moves: WTW Hires ERS’ Shepherd to Lead Facultative; Specialty Insurer Fusion Names Gallagher’s Simmonds as Managing Partner; AXIS’ Quane Is CUO at Beazley

This edition of International People Moves details appointments at broker Willis Towers Watson, specialty insurer Fusion and insurer Beazley. A summary of these new hires follows here. Willis Towers Watson Hires ERS’ Shepherd as Head of Global Facultative Insurance broker … from News – Insurance Journal https://ift.tt/3FKoKp8

Biden Administration Wants Federal Contracts to Reflect Climate Risk

The Biden administration on Thursday began a process to amend federal procurement rules to require the U.S. government – the world’s largest buyer of goods and services – to factor the risks of climate change into its contracts. The administration … from News – Insurance Journal https://ift.tt/3mUucNn

People Moves: 11-15 October 2021

Keep up to date with the latest people moves. from Insurer - insuranceage.co.uk https://ift.tt/3vcMXPX

MGAA signs up first Republic of Ireland member

Dublin-based MGA Blackrock Insurance Solutions has joined the trade association. from Insurer - insuranceage.co.uk https://ift.tt/3AA3fU8

Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report

During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, the report noted, business interruption and restoration costs are the main causes … from News – Insurance Journal https://ift.tt/3BIfcbF

What Corporations Can Do to Avoid Ransomware Attacks

Allianz Global Corporate & Specialty (AGCS) has published a checklist of recommendations for effective cyber risk management. “In around 80% of ransomware incidents, losses could have been avoided if the organizations had followed best practices. Regular patching, multi-factor authentication, as … from News – Insurance Journal https://ift.tt/3vcAhII

Another Wisconsin Parent Sues Over School’s Lack of COVID Protocols

Another Wisconsin mother has filed a federal lawsuit over the lack of COVID-19 protocols at her son’s school. WEAU-TV reported that Gina Kildahl filed the suit on Oct. 11 in Madison. She’s seeking an injunction forcing the Fall Creek School … from News – Insurance Journal https://ift.tt/3lF7Tw1

Republican Lawmaker’s Bill Would Legalize Marijuana in Ohio

Marijuana would be legalized in Ohio for adults 21 and older under Republican legislation coming in the Ohio House. The bill would encompass the growth, processing, distribution and sale of marijuana and marijuana products, according to an announcement from the … from News – Insurance Journal https://ift.tt/3v9dy0m

RenaissanceRe and Arch Capital Estimate Impact of Q3 Natural Catastrophes

RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company’s third quarter 2021 results. This estimate is primarily composed of net negative impacts of approximately $440 million from … from News – Insurance Journal https://ift.tt/3iYQc8C

Lockton Creates Digital Asset Protection Team With Brokers, Attorneys

Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain and cryptocurrency industry and their digital assets. In addition to providing insurance and consulting, Lockton’s Emerging Asset Protection (LEAP) team … from News – Insurance Journal https://ift.tt/3vafaXJ

Ex-SCANA CEO Sentenced to 2 Years in Nukegate

The former CEO of a South Carolina energy company is on his way to prison, after a judge sentenced him to two years behind bars. Kevin Marsh, the ex-CEO of SCANA Energy, pleaded guilty to lying about the sad state … from News – Insurance Journal https://ift.tt/3lCCoCM

Reluctant Localities Are Being Dragged Into Court to Fix Sidewalks for People With Disabilities

From her Baltimore dining room, Susan Goodlaxson can see her neighbor gardening across the street. But while other neighbors stop to chat, Goodlaxson just watches from the window. She uses a wheelchair, and there isn’t a single curb ramp on … from News – Insurance Journal https://ift.tt/3DIHCmJ

Cryptocurrency Crash ‘Plausible Scenario’, Regulations Needed: BoE’s Cunliffe

A collapse in cryptocurrencies is a “plausible scenario” and rules are needed to regulate the fast-growing sector as a “matter of urgency,” Bank of England Deputy Governor Jon Cunliffe said on Wednesday. Risks to financial stability from the application of … from News – Insurance Journal https://ift.tt/3awK8Qr

People Moves: Brown & Riding, Columbia Name New Officers

Brown & Riding Focuses on Florida Brown & Riding, which calls itself one of the largest wholesale insurance brokerage firms in the United States, has named Justin Peterson and Brenda Roberson to its national casualty practice, focusing on Florida, the … from News – Insurance Journal https://ift.tt/3j0StjI

Strickland Agency Moves to Input 1 for Payments

Georgia-based Strickland General Agency announced that it had selected Input 1 Payments platform for accepting payments via automated clearing house transactions and debit and credit cards. Strickland, headquartered in Duluth, Georgia, is a wholesale insurance broker that writes in Alabama, … from News – Insurance Journal https://ift.tt/3mSdmPg

Brown & Brown Continues Its Rebranding With Focus on 130 Retail Locations

Florida-based global insurance firm Brown & Brown is rebranding the 130 retail insurance agency locations it has acquired over the years under the Brown & Brown name. The move by Brown & Brown will retire the original retail names of … from News – Insurance Journal https://ift.tt/3vfxUFd

Oregon Doughnuts Workers Fired in Heat Wave Getting Jobs Back

Some workers at Voodoo Doughnuts who were fired during a deadly Pacific Northwest heat wave in June after going on strike are set to get their jobs back. KOIN-TV reports the National Labor Relations Board ruled the workers at the … from News – Insurance Journal https://ift.tt/2YJlcmv

Legal Fights over California Oil Spill Likely to Last Years

It took little more than 48 hours from the moment a major oil spill was discovered off Southern California until the first lawsuit was filed against the Houston company that owns and operates the ruptured pipeline. Finding the cause, who … from News – Insurance Journal https://ift.tt/3mOHsTJ

Surging California Winds Spark New Wildfires, Power Outages

Blustery winds still surged through California on Tuesday after downing trees, fanning wildfires and shutting off power to about 21,000 customers in northern and central regions. Red flag warnings of dangerous fire conditions continued in mountains, valleys, canyons and deserts … from News – Insurance Journal https://ift.tt/3mVIPQS

Federal Judges Uphold Status Quo in Rulings on 3 New York COVID Vaccine Mandates

Federal judges issued three different decisions on New York state and city requirements for Covid-19 vaccinations, upholding the status quo as the contentious issue winds it way through the court system. New York City’s program requiring proof of vaccination to … from News – Insurance Journal https://ift.tt/3AHEQff

SEC Looking Into Use of Personal Digital Devices by Financial Professionals: Reuters

The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications, three people familiar with the matter told Reuters. SEC enforcement staff contacted multiple banks in recent … from News – Insurance Journal https://ift.tt/3mPT5dd

Federal Law Likely Overrides Texas Ban on Vaccine Mandates

Texas Governor Greg Abbott’s ban on COVID-19 vaccine mandates will likely be superseded by the Biden administration plan to require shots for workers, but the dueling rules could take months to sort out in court, creating uncertainty for employers with … from News – Insurance Journal https://ift.tt/3mMxL8x

Are Public, Private Partnerships the Answer to Cybersecurity’s Risk Management Problem?

The Biden Administration is increasingly prioritizing growing ransomware threats as a risk management problem, according to guests on the latest episode of The Insuring Cyber Podcast. This comes as four insurance firms — Travelers, Coalition, Resilience Cyber Solutions and Vantage … from News – Insurance Journal https://ift.tt/3vfFPm4

Strong Earthquake Jolts Greek Island of Crete

ATHENS, Greece (AP) – A strong earthquake jolted the Greek island of Crete on Tuesday, three weeks after another temblor killed a man and damaged hundreds of buildings. The Geodynamic Institute in Athens said the undersea earthquake had a preliminary … from News – Insurance Journal https://ift.tt/3iVWF4i

People Moves: New Hires at NFP, Alliant, RT Specialty

NFP Hires Terracciano to Risk Management and Complex Risk Practice NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual solutions, hired Robert Terracciano as a senior vice president in its risk management and complex risk … from News – Insurance Journal https://ift.tt/3mSokUU

New Jersey Construction Worker Hurt in Three-Story Fall Down Elevator Shaft

A construction worker was critically injured in a three-story fall down an elevator shaft at a New Jersey construction site, authorities said. Chief Michael Foligno of the Elmwood Park, New Jersey, police department said the 23-year-old man was working at … from News – Insurance Journal https://ift.tt/3DAdXMi

Johnson & Wales University Sues Insurer Over Pandemic Losses

Johnson & Wales University is suing its insurer over financial losses caused by the coronavirus pandemic, alleging the company breached its contract because it did not allow the university to claim pandemic-related economic losses. The university, whose main campus is … from News – Insurance Journal https://ift.tt/2X6ipTm

14 Charged in Michigan in $3M Insurance Fraud Scheme

Fourteen people have been charged in conjunction with an insurance fraud and theft scheme uncovered by a joint investigation by the Michigan Department of Insurance and Financial Services (DIFS) and the Ogemaw County Sheriff’s Office. The Michigan DIFS said the … from News – Insurance Journal https://ift.tt/3AA59nG

North Carolina Clarifies Use of European Lumber in Building Codes

Thanks to the continuing shortage and price levels of some types of framing lumber, the North Carolina Department of Insurance hopes to clear up confusion over what other types of wood can be used under the state’s building codes. “The … from News – Insurance Journal https://ift.tt/3DyKceH

Tornadoes Rip Oklahoma; Storms Rock Central U.S.

Several reported tornadoes ripped through Oklahoma late Sunday into early Monday morning, causing damage but no immediate word of deaths or injuries. The severe weather system also brought heavy rain, lightning and wind to parts of Arkansas, Kansas, Missouri and … from News – Insurance Journal https://ift.tt/3iXbXGa

People Moves: McNally President of Amynta Dealer Solutions; New Officers at Michigan PIA; PIAW Award Winners

McNally Named President of Amynta Dealer Solutions Amynta Group, a provider of property/casualty and warranty protection products and services, hired Edward McNally as president of Amynta Dealer Solutions. He is based in Overland Park, Kansas. McNally brings more than 15 … from News – Insurance Journal https://ift.tt/3v8ygxw

Gov. Abbott Bars All COVID-19 Vaccine Mandates in Texas, Rips Biden for ‘Bullying’

Republican Texas Gov. Greg Abbott, responding to what he called “bullying” by the Biden Administration, on Oct. 11 barred all COVID-19 vaccine mandates in the state by any entity, including private employers. Abbott’s move sets him up for a clash … from News – Insurance Journal https://ift.tt/3Bw6ddA

Senators Agree Federal Hurricane Prevention for New Orleans Worked During Ida

U.S. senators on Oct. 6 promoted a federal hurricane system’s performance in New Orleans during Hurricane Ida, but noted that other regions experienced devastation that is likely to worsen as climate change produces more intense and frequent storms. The U.S. … from News – Insurance Journal https://ift.tt/3FEzB3I

Howden’s DUAL Acquires Align Financial; Sweeney, Johnson to Lead; O’Connor Exits

London-based DUAL, the underwriting arm of Howden Group Holdings, reports it has completed the acquisition of Align Financial Holdings that was announced in August. San Diego-based Align is a specialist general agency and underwriting management group, underwriting more than $680 … from News – Insurance Journal https://ift.tt/3luyUC5

Strong Earthquakes Confirmed off Coast of Hawaii

Two strong earthquakes struck off the coast of the Big Island in Hawaii on Sunday, rattling residents and causing items to fall off shelves, the U.S. Geological Survey confirmed. The USGS says the first quake had a magnitude of 6.1 … from News – Insurance Journal https://ift.tt/3iSOfKU

Magnitude 6.5 Earthquake Struck off Coast of Alaska

An earthquake with a preliminary magnitude of 6.5 struck early Monday off the coast of Alaska, the U.S. Geological Survey confirmed. The epicenter was about 114 kilometers east of the village of Chignik, the USGS reported. The depth was reported … from News – Insurance Journal https://ift.tt/3DDHkNV

Popular California Beach City Reopens After Massive Oil Spill

A Southern California beach that was closed more than a week ago because of a leak of crude oil from an undersea pipeline reopened on Monday, far sooner than many expected, City and state beaches in Huntington Beach reopened after … from News – Insurance Journal https://ift.tt/3mOtQb8

Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners

Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd’s, announced it has agreed a $90 million investment by Alchemy Special Opportunities Fund IV LP. Apollo said the investment will support the continued growth in Apollo’s “hybrid model,” which … from News – Insurance Journal https://ift.tt/3AAFaMM

Following Last Year’s Rate Hike, Alabama DOI to Hold Hearing on Comp Decrease