Mon, 18 Oct 2021 08:33:56 +0000
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 ...
Mon, 18 Oct 2021 06:50:07 +0000
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, comp...
Mon, 18 Oct 2021 06:34:25 +0000
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...
Mon, 18 Oct 2021 05:27:01 +0000
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 officer...
Mon, 18 Oct 2021 05:22:24 +0000
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 faili...
Mon, 18 Oct 2021 05:00:59 +0000
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 requ...
Mon, 18 Oct 2021 05:00:50 +0000
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 ve...
Mon, 18 Oct 2021 05:00:33 +0000
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 investigation...
Mon, 18 Oct 2021 05:00:03 +0000
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 pri...
Fri, 15 Oct 2021 19:52:37 +0000
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 …
Fri, 15 Oct 2021 16:48:27 +0000
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 discriminatio...
Fri, 15 Oct 2021 16:47:51 +0000
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 ...
Fri, 15 Oct 2021 16:39:50 +0000
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 Hemph...
Fri, 15 Oct 2021 16:25:18 +0000
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 …
Fri, 15 Oct 2021 16:19:43 +0000
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 touche...
Fri, 15 Oct 2021 16:12:59 +0000
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 …
Fri, 15 Oct 2021 15:57:47 +0000
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 …
Fri, 15 Oct 2021 15:54:39 +0000
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 …
Fri, 15 Oct 2021 15:37:26 +0000
Florida officials are 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 la...
Fri, 15 Oct 2021 14:35:08 +0000
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 …
Fri, 15 Oct 2021 14:32:36 +0000
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 …
Fri, 15 Oct 2021 14:30:16 +0000
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 …
Fri, 15 Oct 2021 14:17:09 +0000
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...
Fri, 15 Oct 2021 14:14:09 +0000
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 insu...
Fri, 15 Oct 2021 13:58:56 +0000
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 ...
Fri, 15 Oct 2021 13:43:53 +0000
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 ...
Fri, 15 Oct 2021 13:25:48 +0000
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 …
Fri, 15 Oct 2021 08:37:40 +0000
This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of these new hires follows here. Aon Appoints WTW’s ForsgÃ¥rd as CEO for Nordic Region Insurance broker Aon plc ...
Fri, 15 Oct 2021 07:33:44 +0000
For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget expectations, but their very strong capital adequacy continues to provide a cushion, according to S&P Global Ratings. “The...
Fri, 15 Oct 2021 06:39:30 +0000
Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full quarterly earnings to be released on Oct. 27, 2021, Everest is estimating total Q3 pre-tax net catastrophe losses of $635 …