Some Scientists See More Intense, Wetter Hurricane Season Storms

Like death and taxes, the annual hurricane season can be counted on as a sure thing. The number and intensity of named storms may vary each year, as well as where they occur and whether or not they make landfall. …

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Clergy Sex Abuse in Iowa Was ‘Overwhelming’ But Now Rare, Report Says

Roman Catholic priests sexually abused minors across Iowa for decades while church leaders covered it up, but reforms implemented in recent years have largely stopped the problem, a three-year review by Iowa’s attorney general concluded. A report issued by Attorney …

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West Virginia Pharmacies Owner Fined In Prescription Probe

The owner of two West Virginia pharmacies has agreed to pay $300,000 in civil penalties to settle allegations that they filled illegitimate prescriptions in violation of federal law. Federal prosecutors said Beckley Pharmacy’s two locations and Bee Well Pharmacy in …

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Lawmakers Urged to Protect Data in Cloud Like Other Personal Data

The United States needs to accord the same legal protections to user data held on tech companies’ servers as it does to physical files stored in personal file cabinets, media attorneys and lawmakers said Wednesday. The witnesses spoke at a …

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Most COVID-19 Restrictions Lifted in Washington

Most of the COVID-19 restrictions that have been in place and modified several times since last spring were lifted in Washington on Wednesday, meaning restaurants and bars and other businesses could resume full indoor occupancy levels and physical distancing requirements …

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Pitcher’s Family Sues Angels, 2 Employees for Negligence

The family of former Los Angeles Angels pitcher Tyler Skaggs filed lawsuits Tuesday in Texas and California charging the team and two former employees with negligence in his drug-related death two years ago. The lawsuits – filed by Skaggs’ parents …

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Northern California Wildfire Forces Evacuation Orders

A wildfire in Northern California has grown significantly and begun to pose a threat communities. The Siskiyou County Sheriff’s Office issued evacuation orders Monday for the Lake Shastina and Juniper Valley areas. Ignited by lightning on June 24, the Lava …

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Short-Term Rental Firms Move to Tighten Safety for Travelers

Expedia Group Inc.’s short-term rental business Vrbo has banned hosts who use its platform from leaving house keys in public places, and TripAdvisor Inc. is reviewing its safety policies to better protect travelers. The two companies said the moves were …

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Pennsylvania USPS Facility Fined More Than $230K for Workplace Safety Violations

A federal workplace safety inspection of a U.S. Postal Service location in Pennsylvania found employees exposed to potentially serious and fatal injuries in the event of an emergency. Responding to a complaint, the U.S. Department of Labor’s Occupational Safety and …

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Massachusetts Woman Gets Six Years in Prison for Embezzling from Nonprofits

A Massachusetts woman who embezzled about $1.4 million from two nonprofits where she worked has been sentenced to six years in federal prison, prosecutors said. In addition, Nicole Lescarbeau was also sentenced last week to five years of probation and …

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Connecticut Opioid Deaths Keep Rising Even After Pandemic Eases

Opioid deaths spiked in Connecticut during the pandemic and continue to increase in 2021, fueled by continued disruptions to recovery programs and a deadly, fentanyl-laced drug supply. The synthetic opioid fentanyl, which is 80 to 100 times more powerful than …

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Google Vows to Target Online Financial Scams in Britain

Google will clamp down on financial fraud on its platform in Britain, saying on Wednesday that all financial services will need to be verified by the regulator before they can advertise. Britain’s financial watchdog issued 1,200 consumer warnings last year …

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French Court Refuses to Dismiss Fire Charges Against Buffett-Owned Lubrizol

A French appeal court on Wednesday rejected a request by chemicals group Lubrizol to have judicial charges over a fire at a plant in Rouen quashed because of alleged irregularities in the investigation, a lawyer for the company said. The …

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Florida Governor Cites ‘Unintended Consequences’ in Veto of Auto Insurance Bill

Florida Governor Ron DeSantis has vetoed a measure intended to replace auto insurance personal injury protection (PIP) coverage with bodily injury coverage limits and requiring insurers to offer medical payments coverage. In a letter time-stamped at 9:12 pm last night, …

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VW to Appeal Court Ruling That Clean Air Act Doesn’t Bar State Suit Over Emissions

Ohio’s Supreme Court on Tuesday cleared the way for the state’s attorney general to move forward with a lawsuit against Volkswagen AG over its “Dieselgate” scandal and manipulation of emissions-control systems. The court ruled 6-1 that the federal Clean Air …

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U.S. Goes on Offense to Fight Growing Threat of Cyber Attacks

For the last several years, FBI agents debated turning the tables on hackers by remotely accessing breached computer networks and booting out the attackers caught in mid-hack. They got their chance earlier this year after state-backed Chinese hackers compromised thousands …

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Florida Condo Association President Warned in April of Worsening Condition

SURFSIDE, Fla. — Search-and-rescue teams pulled two more bodies from the concrete and steel rubble of a partially collapsed Florida condominium tower on Monday, bringing the death toll to 11 with 150 people still listed as missing four days after …

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Denmark’s Central Bank Compromised by SolarWinds Cyber Attack: Media Report

COPENHAGEN – Denmark’s central bank was compromised in last year’s global SolarWinds hacking operation, leaving a “backdoor” to its network open for seven months, IT media Version2 reported on Tuesday, citing documents related to the case. The hackers, accused by …

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EU Weighs Measures to Bring Financial Sector into Line with Its Climate Plans: Sources

The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its climate plans, sources who have seen a European Commission strategy paper told Reuters. The document outlines several actions including combating …

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QBE Re Opens Office in Colombia, Hiring Hofmann from Howden

QBE Re announced the opening of a new Colombian office and a key regional hire to support local reinsurance in Latin America. The new office will be located in Bogotá, Colombia, and will write life reinsurance business. It will be …

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UK Government Expected to Back Insurance Scheme for Live Entertainment

The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theater and sports, to allow them to go ahead despite the pandemic, insurance industry sources said. Insurers have since last year …

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Autonomous Farming Vehicles Cropping Up in South Dakota

A John Deere tractor is pulling a grain cart. Dust swirls around the equipment as the tractor roars by. That’s a familiar sight in South Dakota. But there’s something different about this tractor. The cab is empty. The tractor is …

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EPA Orders Rancher, County to Clean Up Sand-Deluged Nebraska River

Federal regulators have ordered a Nebraska rancher and county officials to clean up a remote stream after it was deluged with enough sand and sediment to change the shape of the waterway. The rancher and county will share the cost …

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Foodservice Distributor Settles Claims of Discriminatory Hiring at Illinois Facility

The U.S. Department of Labor said US Foods will pay $159,550 in back pay and interest to 114 female and Black job applicants as part of an to resolve alleged hiring discrimination found at its Bensenville, Ill., distribution facility. The …

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Guilty Plea: Mississippi Woman Embezzled $600K from 2 Louisiana Employers

Federal prosecutors say a Mississippi woman has pleaded guilty to embezzling a total of more than $600,000 from two Louisiana employers. Christy Bartholomew, 39, of Hattiesburg, pleaded guilty earlier this week to wire fraud, the U.S. Attorney’s Office said in …

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Texas Seeks Applicants for Insurance Boards, Committees

The Texas Department of Insurance is accepting applications for these boards and committees: Fair Access to Insurance Requirements (FAIR) Plan Governing Committee Surplus Lines Stamping Office of Texas Board of Directors Standard Request Form for Prior Authorization of Prescription Drug …

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Safety Regulator Wants Crashes of Cars with Advanced Tech Reported Within 1 Day

U.S. regulators on Tuesday said they would keep a closer eye on the automotive industry as it rolls out advanced driver safety systems, tracking the new technologies to spot potential defects faster. The National Highway Traffic Safety Administration (NHTSA) issued …

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Georgia Warehouse Managers Delayed Reporting Fire

Managers of a burning warehouse, which rapidly became so engulfed that flames threatened nearby homes, waited a day before calling the local fire department for help, Georgia state investigators said in a report. A giant pile of wood pellets awaiting …

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Consumer Report Claims Insurers Overcharged California Motorists $5.5B During First Year of Pandemic

Most California insurance companies continued to charge pre-pandemic auto insurance rates despite a vast majority of Californians driving far less last year, according to an analysis by Consumer Watchdog on Tuesday. The report shows auto insurers reaped “a windfall of …

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Louisiana Lawmakers Eyeing Hurricanes Tackle Water System Upgrades

Spurred by recent hurricanes and a rare winter storm that demonstrated the frailty of Louisiana’s public water supply, lawmakers have set their attention on improving the state’s troubled water systems. Legislators created a new grading metric for community water systems, …

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Royal Caribbean Cruises Requiring Travel Insurance for Unvaccinated Passengers

Royal Caribbean, which has restarted its cruises, said it is requiring that unvaccinated guests age 12 and older sailing from Florida homeports provide proof of travel insurance to cover any quarantine, evacuation and medical expenses related to COVID-19. The insurance …

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Wildfire Risk Creeping Higher in Montana Parks

The risk of wildfires is growing with more warm, dry weather in Yellowstone and Grand Teton national parks. The fire danger in Yellowstone is rated as “high” and in Grand Teton it’s “very high.” The scale tops out with “extreme” …

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California Workers’ Comp Insurer Losses and Expenses $12B for 2020

The Workers’ Compensation Insurance Rating Bureau of California has released its latest report on workers’ comp losses and expenses for 2020. Key findings in the report, 2020 California Workers’ Compensation Losses and Expenses include: Medical losses paid in 2020 were …

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Wildfire Resilience Efforts Are Improving: Triple-I Panelists

Panelists convened by the Insurance Information Institute and ResilientH20 Partners agreed that resilience is building due to technological advances and greater awareness about how wildfires spread. In the latest installment of the Triple-I’s National Town Hall series, a risk modeler, …

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How Technology Can Be Used to Lessen the Damage from Natural Disasters

In 2020 alone, more than 10.3 million acres were burned by wildfires across the United States, a level three times higher than the 10-year average from 1990 to 2000 10. Between fire suppression costs, direct and indirect costs, wildfires in …

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Deaths Toll from Florida Condo Collapse Rises; Investigation Into Cause Continues

Search-and-rescue teams pulled two more bodies from the concrete and steel rubble of a partially collapsed Florida condominium tower on Monday, bringing the death toll to 11 with 150 people still listed as missing four days after the disaster. Pouring …

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Digital E&S Broker Pathpoint Raises $30 Million

Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC, Founders Fund, and Chubb. Hiscox and other carriers …

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Drug Industry Faces First High-Stakes Opioid Jury Trial

Jurors on New York’s Long Island are set to determine whether a group of opioid makers and drug distributors created a public health crisis and should pay for it, in a bellwether trial for lawsuits filed by communities across the …

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Central London Could Lose as Many as 835,000 Jobs to Remote Working: Report

Central London could lose as many as 835,000 jobs in the aftermath of the COVID-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labor …

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Danny Is No Longer a Tropical Storm as It Moves Over Georgia

The National Hurricane Center has withdrawn yesterday’s tropical storm warning. Tropical Storm Danny has weakened as it travels inland over Georgia and is no longer classified as a tropical cyclone. The remnants of the storm were moving toward the west-northwest …

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People Moves: Swiss Re’s Render to Peak Re; Aon’s Denbigh to TigerRisk’s Retro Unit; Price Forbes’ Fox to Oneglobal

The following international People Moves provides details of appointments at reinsurer Peak Re and two brokers, TigerRisk and Oneglobal. A summary of these new hires follows here. Peak Reinsurance Co. AG, the wholly owned European subsidiary of the Hong Kong-based …

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BHSI Introduces D&O Liability and Professional Indemnity Policies in Ireland

Berkshire Hathaway Specialty Insurance (BHSI) announced it has added to its customized suite of directors & officers (D&O) liability and professional indemnity policies, for customers in Ireland. The company has launched a new suite of “Professional First” coverages, which includes …

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Wilson to Succeed Stovin as President of Markel International

Markel Corp. announced that Simon Wilson will become the next president of Markel International, a wholly owned subsidiary. He will succeed William Stovin who has led the Markel International division since 2008. The transition is part of a planned succession …

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Swiss Re’s iptiQ and German Real Estate Platform Launch Digital Loss-of-Rent Cover

Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial uncertainties that can arise from tenancy agreements. As an insurance partner, iptiQ offers ImmoScout24 …

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EU Permits Free Flow of Data with UK to Avoid Violations of Its Strict Privacy Rules

The European Union gave its formal blessing to a decision guaranteeing the free flow of data between the bloc and the UK. The European Commission, the EU’s executive arm, on Monday adopted so-called adequacy decisions that will allow companies to …

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EU to Update Workplace Safety Rules, Reflecting Shift to Home Working During COVID

BRUSSELS – The European Commission plans to update its rules on worker safety to reflect the shift millions employees made to working from home during the COVID-19 pandemic and to reflect the anticipated digital and green recovery. During the pandemic, …

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Missouri County to Pay $280K to Journalists Tear-Gassed in Ferguson

Three journalists with Al Jazeera who were tear-gassed during a protest in Ferguson, Missouri, after Michael Brown’s death in 2014 have settled a lawsuit with the county whose SWAT team fired the tear gas. St. Charles County agreed to pay …

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South Dakota Lawmakers, Cities Making Their Own Marijuana Plans

As South Dakota anticipates a state Supreme Court decision on whether recreational marijuana will become legal in July, state lawmakers and city governments are moving forward with their own pot plans. Officials across the state have warmed to the idea …

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Louisiana State Police Cling to Crash Theory in Black Man’s Fatal Arrest

More than a year and a half after Louisiana state troopers were captured on body camera video brutalizing Black motorist Ronald Greene during his fatal arrest, police brass are still trying to blame his death on a car crash at …

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Ex-Player Sues Chicago Blackhawks; Alleges Sexual Assault by Assistant

An unidentified former Chicago Blackhawks player says in a lawsuit against the team that a then-assistant coach sexually assaulted him in 2010 during a playoff run to a Stanley Cup title and that the team did nothing after he informed …

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Washington Dry-Cleaner Owner Accused of Faking Injury in Workers’ Comp Case

The owner-operator of an Olympia, Wash., dry cleaning business faces a felony charge alleging he stole workers’ compensation benefits by faking the severity of his injury. Byung Sung Kang, 54, is scheduled for arraignment Tuesday in Thurston County Superior Court …

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Severe Storms, Flooding in Michigan; Tornadoes in Indiana

Residents in the Detroit area were cleaning up June 27 after flooding in the area overloaded sewer systems, damaged homes and knocked out power for thousands. Bags of trash lined neighborhood streets in suburban Grosse Pointe Farms as garbage trucks …

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Hawaii Boosting Peer-to-Peer Car Rental Oversight

The Hawaii Department of Taxation has been boosting its monitoring of peer-to-peer car rentals. The industry operates with the help of apps like Turo, which people can use to rent their personal cars to others. Department Director Isaac Choy told …

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California Doctors’ Lobby Scores ‘Major Victory’ on Bill to Hold Physicians Accountable

The board that licenses and disciplines doctors in California is failing to hold bad actors accountable, endangering patients in the process. That’s the verdict of state lawmakers and patient advocates who have been working for years to reform the Medical …

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Severe Drought in Western U.S. Raises July 4 Fireworks Fears

Many Americans aching for normalcy as pandemic restrictions end are looking forward to traditional Fourth of July fireworks. But with a historic drought in the U.S. West and fears of another devastating wildfire season, officials are canceling displays, passing bans …

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Prosecutor Says Woman Arrested in Arson that Damaged Three Buildings

A woman accused of setting a fire that damaged three buildings and displaced a dozen New Jersey families earlier this month has been arrested, prosecutors said. The Hudson County prosecutor’s office announced the arrest of the 62-year-old suspect in a …

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People Moves: Liberty Mutual’s Streeton to Aon Reinsurance Solutions; Guerin Promoted at Marsh UK Corporate; Ed Broking’s Parker and Lech to Alesco

These international People Moves cover recent appointments at three insurance brokers: Marsh, Aon and Alesco. A summary of these new hires follows here. Aon plc announced that Frederick Streeton has been named leader of Complex Client Strategy of Aon’s Reinsurance …

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J&J Agrees to Pay $230M to Settle New York Opioid Claim

Johnson & Johnson has agreed to pay $230 million to New York state to settle claims that the pharmaceutical giant helped fuel the opioid crisis, Attorney General Letitia James said. The drugmaker also agreed to permanently end the manufacturing and …

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OSHA Announces $21M in Workplace Safety Grants for Nonprofits

The Department of Labor announced funding opportunities for more than $21 million in Occupational Safety and Health Administration training grants for non-profit organizations. The first availability will provide $10 million under the American Rescue Plan Act of 2021 for workplace …

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Brothers Sentenced in Fire that Badly Damaged Philadelphia Stores, Homes

Two brothers have each been sentenced to nine years in prison for setting fire to their hookah lounge in Philadelphia as they struggled with business losses, causing more than $20 million in damages to a retail block in the city’s …

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French Mutual Insurer Covea Eyes Purchase of AXA XL’s Reinsurance Business: Reports

Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in deal that could be valued at €5 billion, according to press reports. The news story, which originally appeared in Bloomberg, “is credible,” according to …

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Hot Housing Market Boosts Personal Lines Insurance Shopping But Auto Still Lags

Shopping for personal lines insurance is showing signs of returning to pre-pandemic levels in the U.S., according to a new TransUnion report. Auto insurance remains a big exception, however. The consulting firm found in its Personal Lines Insurance Shopping Report …

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Businesses, States Reluctant to Require Customers to Show Proof of Vaccine

Customers wanting to wine, dine and unwind to live music at the City Winery’s flagship restaurant in New York must show proof of a COVID-19 vaccination to get in. But that’s not required at most other dining establishments in the …

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J&J Reports $263M Resolution of N.Y. Opioid Lawsuits Before Trial

Johnson & Johnson said it agreed to pay $263 million to resolve opioid lawsuits filed in New York, settling the cases on the eve of the first U.S. jury trial over claims the company mishandled the highly addictive painkillers. The …

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Today Is National Insurance Awareness Day

National Insurance Awareness Day on June 28 is meant as a reminder for individuals, families and businesses to review their insurance policies and take steps to prevent being underinsured. The review should include windstorm and a flood insurance coverages, according …

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Inspector Told Residents Surfside Condo Building Was Safe Despite Engineer’s Warning

A town inspector had assured residents of a high-rise condominium in Surfside, Florida, that their building was sound a month after an engineering report warned of major structural damage that required prompt repair in 2018, U.S. media reported. The Champlain …

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Death Toll at 9, More Than 150 Still Missing in Florida Condo Collapse

The official death toll from the partial collapse of a high-rise condominium complex near Miami rose to nine on Sunday, with more than 150 people still missing, as rescue teams picked through the rubble for a fourth day without detecting …

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Insured Losses for March’s New South Wales, Queensland Floods Estimated at A$916M

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its second industry loss estimate for the New South Wales and Queensland floods, which occurred in March 2021. The second estimate of the insurance market loss is A$916 …

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Hurricane Enrique Heads for Mexico’s Pacific Coast

MEXICO CITY – The first hurricane of the eastern Pacific season headed for a possible close brush with Mexico’s southwestern shoulder Sunday night, and forecasters warned that heavy rains could cause dangerous flash floods or mudslides on shore. Hurricane Enrique …

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Dutch Insurer NN Group Offers to Buy Part of MetLife’s Businesses in Europe

NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a statement Sunday that it …

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UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors

LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands Bank is owned by steel tycoon Sanjeev Gupta’s metals-to-finance empire GFG …

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Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses

Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government’s COVID-19 lockdown last year, the Lloyd’s of London insurer said on Monday. Hiscox was one of six of the world’s largest …

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More Guilty Pleas in Louisiana Staged Truck Accident Cases

Two more individuals have pleaded guilty to conspiring to stage automobile accidents in Louisiana in a scheme to defraud insurance and trucking companies, the U.S. Justice Department says. The U.S. Attorney’s Office for the Eastern District of Louisiana reported that …

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Parents Whose Baby Died Settle Malpractice Suit with S.D. Hospital

The parents of an infant who died at a Sioux Falls hospital have agreed to settle their malpractice lawsuit against the healthcare provider. The terms of the mediated settlement between Avera McKennan Hospital and the baby’s parents, Khayyam and Tejumade …

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Microsoft Finds New Breach When Probing Suspected SolarWinds Hackers

Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers. The company said it had found the compromise during its response to hacks …

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High Court Ruling Limits Safety-Based Drug Testing at Iowa Warehouses

The Iowa Supreme Court ruled on June 25 that employers cannot subject all warehouse employees to random drug testing by designating them as having “safety sensitive” jobs. In its 4-3 ruling, the court ruled that companies must consider the specific …

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Illinois Chemical Plant Fire Likely Accidental, Fire Chief Says

An explosion and massive fire at a chemical plant in northern Illinois that filled the sky with black smoke and forced the evacuation of hundreds of homes for days was started accidentally during maintenance work, a senior fire official said. …

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Texas Supreme Court: Academy Can’t Be Sued for Selling Gun Used in Texas Mass Shooting

The man who gunned down 26 people at a Sutherland Springs church in Texas’ deadliest ever mass shooting should not have been able to buy the assault style weapon he used, but the store that sold it to him can’t …

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Lawsuit Filed over Illness After Kansas Wildlife Park Visit

A woman who said she and her three children became violently ill after using a splash park at the Tanganyika Wildlife Park is suing the attraction, alleging unsanitary conditions led to an illness outbreak. The Kansas Department of Health and …

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San Francisco to Require Covid-19 Vaccinations for City Employees

San Francisco city workers will be required to be vaccinated against the coronavirus when a vaccine receives full federal approval. The policy covering 35,000 municipal workers may be the first by any city or county in the U.S. Employees who …

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Uber to Pay $3.4M to Drivers in Seattle Gig Worker Leave Law Settlement

Uber has agreed to pay more than $3.4 million to 15,000 drivers after making mistakes related to Seattle’s pioneering paid sick leave law covering gig workers. Amid the COVID-19 pandemic, the Seattle City Council in 2020 temporarily extended sick and …

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Indictment Says Tech Firm Official Stole Money, Ran Fraud Scheme

The chief operating officer of a Philadelphia-based technology startup company orchestrated a long-running securities offering fraud while simultaneously embezzling hundreds of thousands of dollars from the firm, according to federal prosecutors in New Jersey. Joseph Geromini, 54, of Linwood, New …

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Massachusetts Repair Shop Owner Pleads Guilty to Insurance Fraud Charges

A man who used sledgehammers and mallets to further damage customers’ vehicles at the two auto body shops he owned in an effort to cheat insurance companies has pleaded guilty to dozens of charges, prosecutors said. Adam Haddad, 44, pleaded …

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Biden Stresses Disaster Preparedness as Extreme Weather Exacts Toll

President Joe Biden said Tuesday that his administration needs to “bring every resource to bear” to deal with natural disasters as huge swaths of the country have already endured extreme weather with the summer season just starting. The president said …

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People Moves: Arch’s Kashuba, TransRe’s Robinson to Ascot; Marsh’s Little to MS Amlin; Allianz’ Schaefer to Howden

These international People Moves detail new hires at two Lloyd’s insurers (Ascot and MS Amlin) and broker Howden. A summary of these appointments follows here. Insurer Ascot Group announced the expansion of its U.S. facultative reinsurance capabilities with the appointment …

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SEC Looking Into New Climate, Workforce Diversity Disclosure Rules

The U.S. Securities and Exchange Commission (SEC) may require public companies to publish data on a whole range of new areas, including greenhouse gas emissions, workforce turnover and diversity, as its new chairman looks to enhance the SEC’s disclosure regime. …

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Berkshire Hathaway Looks to Be Buying Back More of Its Own Stock

Warren Buffett’s Berkshire Hathaway Inc. appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. Edward Jones & Co. analyst James Shanahan estimated …

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Former Atlantia Execs Face Trial over 2018’s Fatal Genoa Bridge Collapse: Sources

Italian prosecutors investigating the deadly collapse of a bridge in 2018 have asked for 59 people, including former Atlantia CEO Giovanni Castellucci, to be sent for trial, two judicial sources told Reuters. The road bridge, operated by Atlantia’s motorway unit …

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UK Court of Appeal Confirms Riders for Food Delivery Firm Deliveroo Are Self-Employed

LONDON – Britain’s Court of Appeal confirmed on Thursday that riders for food delivery firm Deliveroo were self-employed, dismissing a union appeal against past judgments on their status. Deliveroo said it was the fourth court judgment in Britain which had …

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Deadly, Rare Tornado Devastates Towns in Southern Czech Republic

MORAVSKA NOVA VES, Czech Republic – A rare tornado and strong storms struck along the Czech Republic’s southern border on Thursday to destroy parts of some towns, killing at least three people and injuring dozens more, emergency services and media …

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Japan Insurers Struggle with Climate Change Cost Estimates

TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from current levels. Sompo Holdings, …

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Explaining Climate Change and Financial Disclosure for Insurers

TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions. Non-life insurer MS&AD, for one, …

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EEOC Sues Minnesota’s AscensionPoint for Religious Discrimination

A Minnesota-based estate and probate debt recovery company that manages decedent debt recovery for creditors is facing a federal lawsuit for allegedly fired Christian employee after he refused to be fingerprinted due to his religious beliefs. U.S. Equal Employment Opportunity …

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Jim Bakker, Missouri Church Settle Suit over COVID-19 Claims

Jim Bakker and his southwestern Missouri church will pay restitution of $156,000 to settle a lawsuit that accuses the TV pastor of falsely claiming a health supplement could cure COVID-19. Missouri court records show that a settlement agreement was filed …

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California Health and Safety Rules for Oil, Gas Drilling Delayed Again

It’s been a year and a half since California Gov. Gavin Newsom directed oil regulators to consider new health and safety measures to protect people living near oil and gas drilling sites. But those regulators missed another deadline on June …

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Wendy Davis, Others Sue Over Alleged ‘Trump Train’ Harassment of Biden Bus in Texas

Former state Sen. Wendy Davis and others who were traveling on a campaign bus for President Joe Biden in October 2020 when it was surrounded and followed by former President Donald Trump’s supporters on a Texas highway have filed multiple …

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Michigan Insurance Agent Pleads Guilty to Embezzling Clients’ Money

A Muskegon insurance agent charged with fraud and embezzling his clients’ money has pleaded guilty, according to Michigan Attorney General Dana Nessel and the Department of Insurance and Financial Services (DIFS) Director Anita Fox. In February, Charles Booker Jr., 63, …

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Chicago Archdiocese Settles Clergy Sexual Abuse Suit for $880K

Two men who said they were sexually molested decades ago by a notorious Catholic priest who was imprisoned for molesting other boys have agreed to a settlement of $880,000 from the Archdiocese of Chicago, attorneys announced June 23. The men …

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How New Flood Insurance Rating Will Affect Tennesseans

The Tennessee Department of Commerce & Insurance (TDCI) is raising awareness of recent changes to the National Flood Insurance Program (NFIP) that it says will raise flood insurance premiums for some Tennessee flood insurance consumers while for others, premiums will …

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Ransomware Attackers Shared Personal Information, Tulsa Officials Say

Those responsible for a ransomware attack on the city of Tulsa, Okla., in May are sharing personal information of some residents online, city officials said on June 23. More than 18,000 city files, mostly police reports and internal police department …

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People Moves: Liberty Company Names Taylor VP in California; LP Adds Schroeder to Commercial Team

The Liberty Company Insurance Brokers has named Valerie Taylor a vice president, producer in the San Francisco Bay area office. Taylor has 16 years of experience in the insurance industry, with niches in cannabis, real estate, and community associations. Most …

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Bezos’ 2021 Space Odyssey Is a Risk Too Far for Insurers

Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Amazon CEO Bezos, a lifelong …

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Speeding in Wyoming Was Down, Excessive Speed Was Up

Drivers were caught speeding less in Wyoming last year but those who got nabbed were going faster than usual. Citations for speeding fell 15% in 2020 but there were 29% more citations for people driving over 100 mph, according to …

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U.S. Supreme Court Backs Businesses Challenging California Labor Law

The Supreme Court on June 23 sided with California agriculture businesses that objected to a state regulation giving unions access to farm property in order to organize workers. As a result of the ruling, the businesses’ attorney said, California will …

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Armed School Employees Require Training, Ohio Supreme Court Says

School districts that allow employees to be armed must also require police-level training for those workers, a divided Ohio Supreme Court ruled on June 23 in a victory for a group of parents who challenged a local district’s armed employee …

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Workers Fired, Resign over Houston Hospital’s COVID-19 Vaccine Mandate

More than 150 employees at a Houston hospital system who refused to get the COVID-19 vaccine have been fired or resigned after a judge dismissed an employee lawsuit over the vaccine requirement. A spokesperson for Houston Methodist hospital system said …

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People Moves: Corvus Hires from Zurich, IFG; CoverGenius Grabs Munich’s Brune; Kin Names 6 Execs; Snapsheet Promotes Cohen

Corvus Adds Chief Insurance Officer and General Counsel Data science and artificial intelligence-driven commercial insurance provider Corvus Insurance announced the appointment of Lori Bailey as chief insurance officer and Kori Johanson as general counsel. Bailey and Johanson each brings more …

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Judge Rejects Spouse’s Wrongful Death Suit Against Airline Over Lax Covid Safety

Citing a concern over “opening the floodgates” to litigation, a federal judge has dismissed a flight attendant’s negligence lawsuit against her employer, Southwest Airlines, which she blamed for her husband’s death from Covid-19. The flight attendant, Carol Madden, claimed that …

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Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change

His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by Lloyd’s, is comprised of executives from …

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Women Charged in Western Maryland Mobile Home Arson

Two women linked to a mobile home fire in western Maryland last week have been charged with arson, according to Maryland fire investigators. The Office of the State Fire Marshal announced that investigators determined that the women, aged 39 and …

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Massachusetts Man Charged with Identity Theft in Attempt to Buy Luxury Car

A Massachusetts man is suspected of stealing the identities of two people in an attempt to buy an $83,000 car, federal prosecutors said. Brandon Brouillard, 27, of Worcester, was indicted last week on bank fraud and aggravated identity theft charges, …

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Egypt Expects to Finalize Ever Given Compensation Deal Next Week

Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s top official. The Suez Canal Authority will sign a deal with the owners and insurers …

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Arch Reinsurance to Acquire Somerset Bridge Group

Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern Rock Holdings Ltd. and Somerset affiliates, subject to regulatory approval. The proposed acquisition will include Somerset’s motor managing general agent, …

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Drought Indicators in Western States Flash Warnings of the ‘Big One’

Sarah Brunner opened the irrigation spigots on her farm in March, three months early. The rain should have still been falling in California. Now that summer is taking hold, she and her husband are considering shifting their meager water supplies …

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Chaucer Forms Lloyd’s Consortium for Firms Working on China’s Belt & Road Initiative

Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in development for other lines of business. Working with China Re, Chaucer’s …

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Some House Republicans Eye Private Sector Plan to Address Climate Change

U.S. House Republicans aim to use private sector to tackle climate change WASHINGTON, June 23 (Reuters) – More than 50 Republicans in the U.S. House of Representatives on Wednesday formed a group to discuss how to use the free market …

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Singapore Reinsurers’ Association Re-elects Executive Committee

The Singapore Reinsurers’ Association (SRA) has re-elected three retiring members of its executive team, which resulted in an unchanged EXCO line-up for the 2021-2022 term. The full line-up of the SRA EXCO is: SRA’s chairman is Marc Haushofer from Validus …

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Exxon Weighs Next Move After Judge Rules It Must Face Massachusetts Climate Suit

A Massachusetts state judge has rejected Exxon Mobil Corp.’s bid to dismiss a lawsuit by state Attorney General Maura Healey accusing the oil company of misleading consumers and investors about its role in climate change. In a decision released on …

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How the Return to the Office Is Pushing Even More Women Out of Work

The pandemic took a toll on the careers of many working mothers. A rush back to the office is shaping up to be just as damaging. The lack of child care and in-person schooling that has pushed millions of women …

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Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’

Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters on Wednesday. But the agents will be there to talk …

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Nebraska Restaurant, Owner Ordered to Pay Overtime, Comply with Wage Laws

A Kearney, Neb., pizza and burger restaurant and its owner have been ordered to pay $17,216 – $8,608 in back wages and an equal amount in liquidated damages — to 13 workers after the U.S. Department of Labor found federal …

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People Moves: Ogilvie to EVP at Church Mutual; Gross Joins ManchesterStory; RPS Promotes Doyle in Chicago

Church Mutual Church Mutual Insurance Co., based in Merrill, Wisconsin, has promoted Alan Ogilvie to executive vice president in addition to his existing role as president – subsidiaries. Ogilvie joined Church Mutual in March 2015 as director – product. He …

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Abuse Claim Substantiated Against Previously Cleared Kansas City Priest

The Roman Catholic Archdiocese of Kansas City in Kansas has substantiated a sexual abuse claim against a priest nearly two decades after clearing him. The archdiocese announced in a statement published in Friday’s issue of its official newspaper, The Leaven, …

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Gas Station Sues Colonial Pipeline for Gas Crisis From Ransomware Attack

Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel. EZ Mart 1 LLC, a two-pump station …

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Boy Injured on Missouri Coaster Might Lose Legs, Grandmother Says

The grandmother of a Tennessee boy who was injured on a roller coaster in Missouri says doctors are concerned his legs might have to be amputated. Aalondo Perry, who is visually impaired, was injured June 20 when he fell while …

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Seahawks Allowing Full Crowds at Lumen Field Next Season

The Seattle Seahawks intend to have full capacity crowds at Lumen Field for the upcoming season after the team received approval from the NFL and local and state health officials to completely reopen the stadium. Fans won’t be required to …

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Alaska One of Few States to Allow Cannabis Lounges, but Pandemic Paused Plans

Regulators amid much fanfare in early 2020 approved two cannabis lounges in Alaska, making it one of the few states where customers would be allowed to use marijuana at retail pot shops. Then the pandemic hit. One of the sites …

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FEMA: Orange County, Texas, Flood Maps Finalized

FEMA says new flood maps for Orange County, Texas, have been finalized and become effective Dec. 16, 2021. Residents are encouraged to examine the maps to determine if they are in a low-to-moderate- or high-risk flood zone. During the next …

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Insurors Indemnity Ratings Unchanged by Colonial Lloyds Announcement: AM Best

AM Best says the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Insurors Indemnity Companies (Insurors Indemnity), based Waco, Texas, remain unchanged following the recent announcement that the company plans to purchase …

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Fatal Florida Gay Pride Parade Crash Now Seen as Unintentional

A member of a men’s chorus group unintentionally slammed into fellow chorists at the start of a Pride parade in South Florida, killing one member of the group and seriously injuring another, the group’s director said Sunday, correcting initial speculation …

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People Moves: Willis Re’s Loggie to TigerRisk; Aon’s Lee to Lockton Re; Wakam’s Mebarki to Miller

These international People Moves detail appointments at three insurance brokers: TigerRisk Partners, Lockton Re and Miller. A summary of these new hires follows here. TigerRisk Partners LLC, the Stamford, Conn.-based global insurance and reinsurance broker, announced it will appoint James …

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European Commission to Form Cyber Unit to Fight Growing Online Crime

The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber unit to fight online criminals amid a spate of high-profile hacks in Europe and worldwide. The EU executive said authorities …

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Lawsuit Claims Man Struck Dozens of Times in Face by Shots in California

A lawsuit against seven Los Angeles County sheriff’s deputies accused them of beating a man dozens of times in the face, leaving him with broken bones and loss of sight in one eye, his attorneys announced. Christopher Bailey has filed …

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$1M Settlement Reached in Washington Dairy Worker Overtime Suit

Yakima County Superior Court has approved a $1 million settlement that provides retroactive overtime pay for workers at a Lower Yakima Valley dairy. The settlement wraps up a class-action lawsuit filed in 2016 by Jose Martinez-Cuevas and Patricia Aguilar on …

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Latest Boy Scouts Bankruptcy Plan Increases Victims’ Fund, Drops Insurer’s $650M Offer

The latest bankruptcy plan filed by the Boy Scouts of America increases the contributions from the BSA and its local councils to a proposed trust fund for child sex abuse victims while appearing to back away from a controversial settlement …

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Ex-Principal Suing Oregon School District for Discrimination

A former South Albany High School principal is suing Greater Albany Public Schools, claiming the district racially discriminated against him and created a hostile work environment. Nain “Nate” Munoz filed the suit last month in U.S. District Court in Eugene, …

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Labor Crisis Shocking California Restaurants

Sherry Villanueva’s family of Santa Barbara restaurants employed 350 people before the pandemic took hold and darkened dining rooms across California. Now, with the state’s economy officially reopened, about 250 workers are back on the job. Villanueva would hire 100 …

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Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million

Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After the sale, which is expected to close on June 25, Swiss Re will still retain another 6.6% stake in Phoenix, …

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Mass. Dept. of Transportation, Fundación MAPFRE Launch PSA Promoting Road Safety

Fundación MAPFRE and the Massachusetts Department of Transportation have announced a new public service campaign to engage people in changing their behavior on the roads. The campaign is part of an effort to reduce road-related injuries and fatalities, particularly as …

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Two Workers Treated for Burns After Fire at Connecticut Plating Company

Two workers at a Connecticut chrome plating company were transported to a burn hospital after a process “went awry” and sparked a flash fire that firefighters were still battling hours later, a task made more difficult by the numerous chemicals …

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Father of Man Shot by Police in Virginia Beach Files $50M Wrongful Death Suit

The father of a Black man who was fatally shot by police in Virginia Beach has filed a $50 million wrongful death lawsuit. The Virginian-Pilot reported Monday that the federal lawsuit was filed by the father of Donovon Lynch against …

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FAA Makes It Easier for Staff Overseeing Manufacturers to Report Safety Concerns

The U.S. Federal Aviation Administration (FAA) said Monday it has launched a program to help make it easier for staff overseeing Boeing and other airplane manufacturers to report safety concerns. An independent survey released in August found FAA safety employees …

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Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M

Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise. Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance, New Era Capital Partners, IT-Farm Corp. and NFP Ventures. San …

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Insurer Begins Accepting Cryptocurrency for Premium Payments

Michigan-based Universal Fire & Casualty Insurance Co. has started accepting cryptocurrency for premium payments. The company, which insures small businesses and offers surety bonds products, says the move is to increase its competitive market position as part of a broader …

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Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide

As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital space. “I think [the pandemic] has brought a lot …

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Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority

ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal …

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Study: Abandoned S.D. Gypsum Mine May Extend Below Interstate

An abandoned gypsum mine in Black Hawk, S.D., that was exposed by a sinkhole in 2020 may extend farther than current mapped areas show, according to a geophysical study. Mohammad Sadeghi, a professor of geological engineering at Montana Technical University …

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12-Year-Old Injured in Ride on Branson, Missouri, Roller Coaster

State inspectors on June 21 were at a roller coaster attraction in the popular Missouri tourist town of Branson, trying to determine how a 12-year-old boy was badly injured in an accident. The accident happened around 7:30 p.m. June 20 …

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Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc. said on Tuesday. “It’s like …

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Extreme Weather, Repair Woes to Push Property Insurance Higher: Hippo CEO

Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday. As homeowners stayed home during the pandemic, …

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Mercury Launches Usage-Based Car Insurance App Oklahoma

Mercury Insurance has made its usage-based insurance app, MercuryGO, available to drivers in Oklahoma. The app acts as a virtual driving coach, providing skill scores that give real-time feedback about driving behavior, the company said. Mercury auto insurance policyholders who …

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Seeking More Money, Cities Opt Out of Indiana’s Suits Against Opioid Makers

Several Indiana cities have opted out of the state’s pending lawsuits against opioid manufacturers and distributors, reasoning that they will likely see more cash from their own litigation filed in response to the nation’s opioid epidemic. The suburban Indianapolis cities …

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Illinois Casualty Gets AM Best Ratings Upgrade

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) of Illinois Casualty Co. (ICC), based in Rock Island, Illinois. Concurrently, AM …

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Europe’s Insurers Expect Robust M&A Activity and Strong Earnings in 2021: Moody’s

Europe’s insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions (M&A), along with expectations for strong earnings growth in 2021, according to Moody’s annual survey of chief financial officers (CFOs) from 21 leading …

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Judge Rules in Favor of New Hampshire Hotel Group in Insurance Dispute

A judge has ruled in favor of a group of hotels whose owners sued their insurance carriers over lost business during the coronavirus pandemic. Businessman Mark Stebbins of Schleicher & Stebbins Hotels LLC, one of the plaintiffs, said the pandemic …

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ShoreOne Insurance Managers Announces Entry into New Jersey

ShoreOne Insurance Managers Inc. is launching its admitted, residential homeowners policy with full flood insurance protection in New Jersey. This product is already live in South Carolina, and there are plans to expand into other states on the Eastern Seaboard …

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People Moves: Merchants’ Lasante Promoted; New Hires at AAU, Ascot

Merchants Insurance Group Promotes Lasante in New England Office Merchants Insurance Group has promoted Regional Underwriting Manager Kevin Lasante to regional vice president of its New England office in Bedford, New Hampshire, effective June 7, 2021. He will assume the …

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People Moves: Island Insurance Promotes Tonaki to VP in Claims; PCF in Utah Names Stradling VP of Finance

Island Insurance Co. has promoted Toby Tonaki to vice president, claims. Tonaki will continue to oversee the claims division’s casualty unit. Tonaki joined Island in 2013 and has more than 25 years of litigation experience. Previous positions include law clerk …

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Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners

Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint group of insurance companies may proceed with most of the claims they made in a New York lawsuit, a California …

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City in New Mexico Suing Companies Over Lighting on Problem-Plagued Bus Route

New Mexico’s largest city has sued companies involved in the design and construction of a rapid transit system over light fixtures that have fallen or weren’t secured. The Albuquerque Rapid Transit bus system has been plagued with problems that include …

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Firefighters in California Working to Contain Large Wildfire

California’s weather moderated after a long siege of extreme heat but firefighters still faced the difficult task of trying to contain a large forest fire in rugged coastal mountains south of Big Sur. The Willow Fire covered 4.4 square miles …

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Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs

The “king of beers”—Budweiser— is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand made its intentions known in two separate announcements. Addressing those who doubted the seriousness of the effort, Mike D’Agostini, Budweiser …

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Georgia Fire Marshal Report on Warehouse Fire Cites Pellet Stacks, Low Water Pressure

The size of wood pellet stacks and low water pressure may have contributed to a spectacular blaze that burned for days in May at a warehouse on the Georgia coast. The Brunswick News reports that Georgia Ports Authority Chief Administrative …

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BHSI Launches Energy & Technical Lines Casualty Products in UK with Dedicated Team

Berkshire Hathaway Specialty Insurance (BHSI) announced it has launched Energy and Technical Lines Casualty products in the UK and established a dedicated London-based Energy & Technical Lines underwriting team. The company’s UK Casualty Energy & Technical Lines team includes: Oliver …

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Accenture Invests in Swiss Digital Payments Company Imburse

Accenture has invested in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses access the global payments ecosystem. Financial details of the investment, which was made via Accenture Ventures, were not disclosed. Founded in Zurich, Switzerland in 2018, …

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Supreme Court Adds Check on Patent Tribunal Judges, Giving Director Review Power

The U.S. Supreme Court on Monday allowed a U.S. Patent and Trademark Office tribunal that has gained a reputation for canceling patents to continue operating, but reined in the power of its in-house judges. The justices, in a 5-4 ruling …

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SEC Looking Into Whether Firms Failed to Disclose Effects of SolarWinds Cyber Breach

The U.S. Securities and Exchange Commission (SEC) has opened a probe into last year’s SolarWinds cyber breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented hack, two persons familiar with the investigation …

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AXA Partners with Hong Kong Broadband Network to Offer Homeowners Insurance

Hong Kong Broadband Network Ltd. (HKBN) is now offering customers an “All-in-One Home Kit,” complete with fiber broadband service and home insurance from AXA Hong Kong and Macau (AXA). The kit also has a home network security solution and smart …

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Generali Agrees to Buy AXA’s Malaysian P/C and Life Insurance Units

MILAN/PARIS/KUALA LUMPUR – Italy’s top insurer Generali has agreed to buy AXA’s insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will turn Generali into the …

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Louisiana Gov.: $176M Now Available from FEMA for Laura, Delta Aid

Louisiana parishes recovering from two hurricanes that struck last year are now in line to get a total of more than $176 million from the Federal Emergency Management Agency, Gov. John Bel Edwards said. Edwards discussed the funding at a …

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People Moves: Liberty Mutual Makes Key Executive Appointments; Langwell Announces Retirement

Liberty Mutual Insurance Chairman and Chief Executive Officer David Long today announced key executive leadership appointments. “Today’s announcement marks an important chapter for the company. These new executive leadership appointments better position us now and in the future as a …

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Ryan Specialty Group Registers with SEC for IPO up to $100M

The Chicago-based specialty wholesale brokerage Ryan Specialty Group has filed with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of up to $100 million. The number of shares to be offered and the price range …

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Assessing Options for Managing the Risks and Insuring Communicable Diseases

Within weeks, it had all changed. As a pandemic spread and took root in an unprepared world, many organizations were finding out that their insurance policies would not cover the one event that had brought global business to a standstill …

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Supreme Court Turns Away Insurers’ Bid Over Obamacare Reimbursements

The U.S. Supreme Court on Monday declined to hear a bid by health insurance companies to seek a full reimbursement from the federal government under a provision of the Obamacare law aimed at encouraging them to offer medical coverage to …

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UK Financial Services Sector Cautions About Legislating Work-from-Home Options

LONDON – How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday. Britain has indicated it may legislate to allow people …

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North Carolina Sheriff’s Office Settles Excessive Force Claims for $6M

A North Carolina sheriff’s office has agreed to a $6 million settlement in a lawsuit in which six families accused the department of a pattern of using excessive force doled out by deputies who had allegedly referred to themselves as …

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Court Grants Florida Bid to Halt CDC Broad Shutdown of Cruise Industry

A federal judge on Friday ruled for Florida in a lawsuit challenging a U.S. Centers for Disease Control and Prevention order making it difficult for cruise ships to resume sailing due to the coronavirus pandemic. U.S. District Judge Steven Merryday …

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Severe Thunderstorms, Tornado Slam Chicago; Injuries, Power Outage, Property Damage Reported

Severe thunderstorms tore through the Chicago area on Sunday night after the National Weather Service said a “confirmed large and extremely dangerous tornado” had touched down in a western suburb of the city, causing damage. Chicago-area utility Commonwealth Edison’s (ComEd) …

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Czech Utility CEZ Manages to Find Insurance After 2 Providers Exit from Coal Coverages

PRAGUE — Czech utility CEZ said on Friday it had found alternative insurance for its coal-fired power plants after two providers said they would stop covering them from next year as part of an industry drive to drop climate-damaging business. …

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Man in Prison for Maryland Arsons Linked to Delaware Fires

A man serving time for Maryland arsons is accused of starting fires in two Delaware beach towns last year. The Delaware Office of the State Fire Marshal announced Thursday that it has obtained warrants for Richard Lodeski of Wilmington for …

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Vermont Hospital Still Calculating Cost of Ransomware Attack

Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October that knocked out computers affecting three hospitals in Vermont and three in New York. Scheduling and patient medical records were …

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Tropical Depression Claudette Triggers Flash Flooding in South

Jun 20 2021— Forecasters warned of life-threatening flash flooding in parts of the Deep South, particularly across central Alabama, as Tropical Depression Claudette traveled over coastal states early Sunday. Heavy rain led to high water late Saturday into early Sunday …

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Connecticut Casinos Sue Insurer Over COVID-19 Losses

The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The Day in New London …

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CEO Views: Successes and Failures in Dealing with Pandemic Challenges

As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …

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8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker

Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and bolstering the market’s balance sheet. The £650 million protection, …

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Owners of Ship that Blocked Suez Make New Compensation Offer with Canal Authority

ISMAILIA, Egypt – The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two …

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Citgo to Pay Additional $19.7M for Damage from Louisiana Refinery Spill

Citgo Petroleum Corp. of Houston has agreed to pay $19.7 million for environmental damage from a 2006 spill at a Louisiana refinery, the U.S. Department of Justice said. The agreement settles both state and federal environmental claims from the 2.2-million-gallon …

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Nebraska to Offer Additional Payments for 2019 Flood Recovery

Nebraska will pay out public assistance beyond what it normally offers to local governments hit by the 2019 floods, a state agency announced. The Nebraska Emergency Management Agency said Gov. Pete Ricketts has approved the payments for the state’s share …

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Flood Concerns Prompt Louisiana Parish to Pause New Development

A parish council in Louisiana has approved a one-year moratorium on new development in part of its jurisdiction to address concerns about drainage following severe flash flooding in May. Iberville Parish Council unanimously voted on June 15 to halt the …

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Training on Louisiana Sex Misconduct Rules for Colleges to Begin Soon

Louisiana’s college administrators will start receiving training this summer on new requirements for how sexual misconduct claims must be handled and what safety measures must be enacted, the state’s higher education chief said on June 16. Lawmakers in the just-ended …

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N.D. Counties Join Ban on Private Fireworks Due to Drought

Burleigh and Morton counties have joined the city of Mandan in banning the private use of fireworks during the July Fourth holiday season due to the widespread drought in North Dakota. Rural fire chiefs in both counties recommended the bans …

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People Moves: KAIA Hires Goodman; New Shareholders at Holmes Murphy; AmericanAg Adds Nuehring

KAIA Josh Goodman is joining the Kansas Association of Insurance Agents’ (KAIA) team as its new director of Business Development, as of July 12. Goodman had been active in KAIA leadership for many years, including as a KAIA board member …

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FBI Says Don’t Pay Ransom While Tax Advisors Say Payment May Be Tax Deductible

WASHINGTON — As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax …

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Takeaways from Auditable Policies and Cannabis Conversation

When states declared cannabis operators essential during the pandemic, that kept cannabis dispensary doors open and boosted sales. That was fine and well, but it also had the effect of pushing up the costs of auditable policies – giving some …

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7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation

With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a company to pool their data and expertise and take collective efforts to enhance cyber …

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Survey: 10 States See Strong Growth in Rural Areas

Strong growth continues across rural parts of 10 Plains and Western states and three states now have more jobs than they did before the coronavirus pandemic began, according to a monthly survey of bankers. The overall Rural Mainstreet economic index …

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Tropical Storm Claudette Pounds Gulf Coast with Rain, Floods

Thunderstorms and high winds on the east side of Tropical Storm Claudette battered the Florida panhandle and much of Alabama on Saturday, as the weather system moved toward the North Carolina coast. The National Hurricane Center declared Claudette organized enough …

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Grim California Wildfire Outlook Has Insurers Forking Over Big Bucks for Modeling

Severe drought and searing temperatures are not the only proof that Californians should be worried about wildfires this year. A glaring piece of evidence that there’s ample cause for concern is this: those who will be on the hook for …

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Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case.

The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s a message that Aon CEO Greg Case has been emphasizing since the $30 billion deal was announced in March 2020. …

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FEMA Extends Aid Deadline in 31 Kentucky Counties Hit by Flooding

Federal emergency officials have extended a deadline for Kentuckians to register for assistance due to damage from severe flooding, Gov. Andy Beshear said. The deadline to apply for help from the Individual Assistance program is now July 8, he said. …

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New Mexico Public Defender Agency Settles Gender Pay-Gap Suit

Several female attorneys and investigators at the state Law Offices of the Public Defender are getting raises to resolve a lawsuit that alleged unfair compensation in comparison with better-paid male colleagues. Five employees at the public defender’s offices are receiving …

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Waymo in California Getting $2.5B to Fuel Self-Driving Ambitions

Waymo, the self-driving car pioneer spun off from Google, isn’t allowing a recent wave of executive departures to detour its plans to expand its robotic taxi service. The Mountain View, California, company made that clear Wednesday by announcing it has …

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Ex-Shake Shack Worker in New York Accused of Poisoning Cops’ Shakes Sues

A former New York Shake Shack manager has filed a lawsuit against the Detectives’ Endowment Association, the Police Benevolent Association, and about 20 unnamed officers accusing them of false arrest and defamation. Marcus Gilliam and other employees were accused by …

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Banning Spectators Is ‘Least Risky’ Option for Tokyo 2020 Games: Medical Experts

TOKYO – Japanese medical experts said on Friday that banning spectators at the Olympics was the least risky option for holding the Games, even as they appeared resigned to the possibility of fans in venues during the COVID-19 pandemic. The …

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Suit Filed Against 11 Skilled Nursing Facilities in New York for Fraud, Unnecessary Services

A civil healthcare fraud lawsuit against 11 New York-based skilled nursing facilities alleges that they fraudulently inflated Medicare reimbursements by prolonging patient stays without regard to patients’ medical needs. The suit also alleges these facilities billed for excessive rehabilitation therapy …

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Return to Work Delayed by Doctors Ignoring Treatment Guidelines for Back Pain: Study

Medical guidelines help doctors understand the best way to treat health conditions yet many doctors do not adhere to them, and this is a problem in particular for patients with back pain, according to scientists at University of Utah Health …

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Bamboo Insurance Acquires First American P/C Agency to Expand Nationally

Bamboo Insurance has acquired certain of the assets of First American Property and Casualty Insurance Agency of Santa Ana, Calif. from parent company title insurer, First American Financial Corp., which is exiting the property/casualty business. The assets acquired by the …

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New Louisiana Law Creates Rules for Self-Driving Delivery Devices

Louisiana has created a framework for self-driving delivery robots to drop off packages on the state’s streets, under a bill backed by lawmakers and Gov. John Bel Edwards. The new personal delivery device law sponsored by Republican Sen. Rick Ward …

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Texas Company to Pay $1M Fine in 2016 Louisiana Pipeline Accident

A Texas company pleaded guilty to a federal Clean Water Act violation and agreed to pay a $1 million fine for damaging a pipeline that leaked more than 5,000 gallons of oil in a Louisiana bay in 2016, the U.S. …

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Hub Introduces Transportation Industry Excess Liability Product

Chicago-based Hub International Limited has introduced a transportation excess liability/umbrella proprietary product helps clients reduce risks and protect them from potentially large losses. The Hub Drive Excess Liability Shield is an excess liability/umbrella insurance product designed for transportation clients – …

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UK Struggles to Adapt to Impact of Climate Change

The UK is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused by pollution, the government’s independent adviser on climate matters has warned. Average land temperatures in the UK have risen by …

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Indiana Wildlife Center Operator with ‘Tiger King’ Ties Owes PETA $734K in Suit

A judge has ordered the former proprietor of an Indiana wildlife center and his ex-wife to pay People for the Ethical Treatment of Animals more than $700,000 in attorney’s fees stemming from the group’s successful lawsuit alleging violations of the …

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Fire Destroys Iowa Pipe Organ Making Business

Fire has destroyed a western Iowa business that made pipe organs for churches, schools and customers from around the world, officials said. The fire at Dobson Pipe Organ Builders in Lake City was reported around 4 p.m. on June 15, …

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What Pandemic Auto Premium Givebacks? Many Customers Unaware, Says J.D. Power

During the COVID-19 pandemic, auto insurers have returned more than $18 billion in premiums to address the drastic reduction in driving. It turns out all that extra money didn’t make consumers any happier, if they even knew about it at …

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Supreme Court Dismisses Nestle, Cargill Child Slavery Lawsuit

The U.S. Supreme Court on Thursday threw out a lawsuit accusing Cargill Inc. and a Nestle SA subsidiary of knowingly helping perpetuate slavery at Ivory Coast cocoa farms, but sidestepped a broader ruling on the permissibility of suits accusing American …

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U.S. Suit Against Aon-Willis Merger Assigned to Bush Nominee Judge Walton

Senior Judge Reggie Walton, who joined the U.S. District Court for the District of Columbia in 2001, will hear the Justice Department’s lawsuit aimed at stopping insurance broker Aon’s $30 billion acquisition of Willis Towers Watson. The U.S. Justice Department …

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Safety Agency Pursuing 30 Investigations Into Tesla Crashes

U.S. auto safety regulators said on Thursday they have opened 30 investigations into Tesla crashes involving 10 deaths since 2016 where advanced driver assistance systems were suspected of use. The National Highway Traffic Safety Administration (NHTSA) released a list offering …

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Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion

Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s international expansion, with a particular emphasis on …

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French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter said. Chef Michel Troisgros has asked …

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Tropical Storm Warning Issued for Gulf Coast, Louisiana to Florida

A tropical storm warning has been issued for the Gulf Coast from Intracoastal City, Louisiana, to the Alabama/Florida border, including Lake Pontchartrain, Lake Maurepas, and metropolitan New Orleans. The National Hurricane Center has warned of heavy rainfall and flooding in …

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People Moves: Lockton Names Harrison Market Leader in California, Hanleigh Names Haley Sales Director

Lockton Insurance Brokers LLC has named Sherri Harrison, senior vice president, to market leader. Harrison is responsible for clients, people, operations and the growth of the benefits practice in San Diego, Calif., and Orange County, Calif. Harrison has more than …

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People Moves: Furlong Joins accūrō Solutions; Safety National Hires O’Grady

accūrō Solutions Hires Furlong as Chief Strategy Officer accūrō Solutions has hired George Furlong as chief strategy officer. He brings experience in workers’ compensation and managed care to the new medical bill review and provider payment technology company. Most recently, …

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Supreme Court Rejects Latest Republican Challenge to Obamacare

The U.S. Supreme Court on Thursday rejected a Republican bid that had been backed by former President Donald Trump’s administration to invalidate the Obamacare healthcare law, ruling that Texas and other challengers had no legal standing to file their lawsuit. …

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Report Points to Trouble Connecting Rail Cars Before Worker Death in New Hampshire

Five attempts were made to connect two rail cars during a switching operation before a Pan Am Railways conductor was pinned between them and died, according to a preliminary report issued Tuesday by the National Transportation Safety Board. Police in …

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New Florida Law on Reinsurance Goes into Effect in July

A newly-enacted Florida law revises reinsurance statutes, providing insurers with credit for reinsurance and eliminating additional collateral requirements for a reinsurer if it is domiciled in a “reciprocal jurisdiction” and meets other requirements. The measure (SB 728), signed into law …

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Fire Danger Rises as Heat Grips Parts of Montana, Wyoming

Authorities warned of extreme wildfire dangers as a sweltering heat wave was forecast to intensify across much of Montana and northern Wyoming on Tuesday after already delivering record high temperatures. National Weather Service forecasters said the highs could approach 110 …

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eMaxx to Offer Warranty Programs for Alternative Energy Projects

eMaxx, a tech-enabled specialty provider of commercial property and casualty insurance programs, now offers the ability to provide its alternative energy warranty products through a variable cost captive solution. The suite of warranty programs provide support to manufacturers, developers and …

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Judge OKs $15M Settlement in Arizona Over Rape of Incapacitated Woman

A judge has approved a $15 million settlement against a doctor in a lawsuit by the parents of an incapacitated woman who was sexually assaulted and later gave birth at a Phoenix, Ariz. long-term care center, marking the last of …

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Pennsylvania Launches Program to Support Innovation, New Insurance Products

The Pennsylvania Insurance Department (PID) has launched a new program that aims to encourage the insurance industry to deliver innovative insurance solutions and products. Keystone Smart Launch seeks to help reduce barriers and speed up the regulatory process so Pennsylvania …

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California Farmers Being Told Drought Could Cut Off Their Water

Thousands of Central California farmers were warned Tuesday that they could face water cutoffs this summer as the state deals with a drought that already has curtailed federal and state irrigation supplies. The State Water Resources Control Board notified about …

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Panel Approves Pennsylvania House GOP Bill to Ban Employer Vaccine Mandates

A ban on employers mandating vaccines for their workers inched ahead in the Pennsylvania House on Tuesday with a committee vote supported by all Republicans and opposed by every Democrat. The main sponsor, Rep. Russ Diamond, R-Lebanon, called it “a …

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Family Sues Georgia Health Center Over Handling of Mentally Disabled Man

JONESBORO, Ga. — The family of a mentally disabled man is suing a Georgia behavioral health system, saying its employees forced him onto a bus to Atlanta where he wandered the streets and suffered from hypothermia. The lawsuit was filed …

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The Two Leading Mobile Telematics Firms Are Now One

Cambridge Mobile Telematics has acquired rival TrueMotion for an undisclosed price in a deal that give it an expanded presence and capabilities in the global auto insurance market. The cash and stock transaction closed on June 17. CMT declined to …

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Court Says Google Must Face Shareholder Lawsuit Over Hiding Security Risks

A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc. accused the company of fraudulently concealing security vulnerabilities, including in its Google+ social network. The 9th U.S. Circuit Court of Appeals in San …

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Half of Cosmetics Contain Toxic PFAS Chemicals

More than half the cosmetics sold in the United States and Canada are awash with a toxic industrial compound associated with serious health conditions, including cancer and reduced birth weight, according to a new study. Researchers at the University of …

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Mississippi Yards Flood Due to Barge Stuck on Alabama Dam

A barge is stuck against a dam in Alabama, causing flooded yards in Mississippi, officials said. The barge can’t be removed from the Tom Bevill Lock and Dam in Aliceville, Alabama, until the water goes down, Lowndes County Emergency Management …

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Studies Find Crash Rates Rise When States Legalize Marijuana; Suggest Link to Alcohol

Researchers report increasing evidence is that motor vehicle crash rates rise when states legalize recreational use and retail sales of marijuana, although what effects marijuana by itself has on drivers remains unclear. Crash rates spiked with the legalization of recreational …

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Goldman Sachs-Backed Broker Aston Lark Buys Premier Insurance Consultants

Premier Insurance Consultants Ltd. is the latest brokerage to be snapped up by Aston Lark, the insurance broking consolidator backed by Goldman Sachs. This takes Aston Lark’s total number of acquisitions up to 15 so far in 2021. Established in …

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People Moves: Howden Hires Sturani and Nanni from Aon; WTW’s Young to Head M&A at Hamilton; Ballantyne Brokers Adds 2 More Senior Roles

Howden, the London-based international insurance broker, announced that Luigi Sturani has been appointed chief executive officer, Europe, along with Enrico Nanni who joins his team as chief commercial officer, Europe, in two newly created roles for the company. The appointments …

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Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows

Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments, but now comes the hard part – finding ways to exclude coal from bulk-buy contracts, known as …

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U.S. Pet Insurer Trupanion Plans Overseas Growth, Hiring Agria’s Wheeler to Lead Expansion

Trupanion, the Seattle-based medical insurer for cats and dogs, announced it has hired Simon Wheeler as its executive vice president of International Business. A 30-year veteran of the animal health industry, Wheeler will join Trupanion in October from Swedish-based Agria …

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Court Orders IKEA to Pay $1.2M Fine for Spying on French Employees

PARIS – A French court on Tuesday ordered IKEA to pay a 1 million euro ($1.2 million) fine for spying on its French staff, after the world’s biggest furniture retailer was found guilty of improperly gathering and storing data on …

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Investigation into Collapse of Mexico City Metro Rail Line Blames Structural Fault

MEXICO CITY – Preliminary findings of an independent investigation into the deadly collapse of a Mexico City metro rail line last month showed the accident was caused by a structural fault, a senior city official said on Wednesday. Jesus Esteva, …

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U.S. Justice Department Files Suit to Block Aon’s Purchase of Willis Towers Watson

Aon’s proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. The DOJ’s civil antitrust lawsuit argues that the merger, which would bring together two of …

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People Moves: Jencap’s Maher, XS Brokers’ Mordarski Promoted; AGCS Hires Two

New York’s Jencap Group Promotes Maher to President Jencap Group LLC, a New York-headquartered national wholesale intermediary, has promoted Mark Maher to president. In his new role, Maher will work with the Jencap management team to develop strategic plans, drive …

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Maine Eyes Tougher Lead Testing in School Drinking Water

Maine lawmakers want to strengthen lead testing in school drinking water. The Maine Legislature has been considering a proposal to decrease the standard for lead in drinking water from 15 parts per billion to four parts per billion. The Maine …

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New Hampshire Set to Increase Penalties for Some DWI Crashes

A New Hampshire bill aimed at strengthening penalties for repeat drunk drivers is headed to the governor’s desk. The House on Thursday agreed to the Senate’s version of Tyler Shaw’s Law, named for a 20-year-old Concord man who died in …

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Arizona Legislature Holding Special Wildfire Funding Session

The Arizona Legislature will convene in special session this week to consider adding $100 million in funding for fighting wildfires and to boost the amount of money available to clear hazardous brush and deal with the damage of flooding from …

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Utah Traffic Deaths Involving Alcohol Doubled During Pandemic

Transportation officials have reported nearly twice as many people died in alcohol-involved crashes on Utah roads last year compared to the year before, despite less commuter traffic during the coronavirus pandemic. The state Department of Transportation said there were 61 …

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USAA to Acquire Insurtech Noblr to Offer Its Members Usage-Based Auto Coverage

Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make it more competitive by modernizing its offerings. …

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A.J. Gallagher Acquires Ontario’s Excess Underwriting Co.

Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and their clients across Canada. Terms of the transaction were not disclosed. Excess …

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Royal Caribbean Delays Cruise Launch After 8 Crew Test Positive for COVID-19

Royal Caribbean Group said on Wednesday it would delay the inaugural sailing of its Odyssey of the Seas cruise liner by nearly a month after eight crew members tested positive for COVID-19. The news comes a week after two people …

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Managed Care Firm Centene to Pay $55.5M to Settle Mississippi Overcharging Claim

JACKSON, Miss. — A managed care company has agreed to pay Mississippi $55.5 million to settle a lawsuit that accused one of its subsidiaries of overcharging the state’s Medicaid program for pharmacy benefits management. Attorney General Lynn Fitch and Auditor …

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