Connecticut Can’t Hide Police Report on Hospital Patient’s Death

Police reports about deaths and other incidents in public hospitals cannot be kept secret, the Connecticut Supreme Court ruled Tuesday, citing the importance of government transparency and the public`s right to know what happened. A majority of the justices rejected …

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India’s Reliance Hunts for CEO of Jio Financial Services’ Newly Created Insurance Biz

Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services Ltd.’s newly created insurance business, according to people familiar with the matter. Executives from Reliance have met several firms in …

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Denver to Pay $4.7M to Settle Claims it Targeted George Floyd Protesters

Denver will pay $4.7 million to settle a class action lawsuit that alleged that protesters were unjustly targeted for violating the city`s curfew during demonstrations over the killing of George Floyd in 2020. City councilors unanimously agreed to the deal …

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Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable

Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of the year, the July storm in …

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UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer

UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval. It is expected that he will take up the role in the first quarter of 2024, succeeding Jon Greenwood who …

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Maine Police Say Driver on Drugs Swerved Off Road, Hit 4 Troopers

A motorist who veered off a highway and struck four state troopers was charged with operating under the influence of drugs, officials said Monday, as two of the troopers remained hospitalized. Three troopers and a trooper-in-training were at the end …

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LP Insurance Services Acquires Wasserman & Associates in California

LP Insurance Services LLC acquired Wasserman & Associates in Northern California. Wasserman & Associates joins the LP Insurance Services Gold River/Sacramento office. Wasserman & Associates has been serving the Sacramento, Calif. community since its inception in 1981, when it was …

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Aston Lark Acquires UK Broker Curtis Marine

Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the Haven Knox-Johnston name. The …

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Removing Fukushima’s Melted Nuclear Fuel Will Be Harder Than Wastewater Release

At a small section of the Fukushima Daiichi nuclear plant’s central control room, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted …

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Kentucky Supreme Court: Docs Must Bill for Injured Workers Within 45 Days

Medical providers who treat injured workers in Kentucky must bill the employer/insurer within 45 days, even before a workers’ compensation claim has been filed and before an employer’s liability has been established, the Kentucky Supreme Court decided this week. The …

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NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates

The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate filings. The filing, which will …

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P&O Cruise Ship Crashes Into Oil Tanker, Injuring Passengers

A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people. Videos posted to social media showed the Britannia, …

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NHTSA Proposing New Rules to Encourage Seat Belt Use by All Vehicle Passengers

The Department of Transportation is proposing new rules designed to encourage seat belt use by car and truck passengers, including those sitting in the back seat. The new rules proposed by the National Highway Traffic Safety Administration would require manufacturers …

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People Moves: Breskin Joins Insurance Office of America’s Western Division

Insurance Office of America added Jeffrey Breskin to its western division team. Breskin has more than 35 years of experience in risk management, claims, safety, and workers’ compensation laws and regulations. He previously served as senior vice president, risk management …

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Saint-Gobain to Close New Hampshire Plant Blamed for PFAS Water Contamination

A French company that has been blamed for contaminating drinking water in some New Hampshire communities with a group of chemicals known as PFAS said Wednesday it plans to close its plant there and will work with the state on …

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Deadly Heat Wave Sweeps Central US, Threatening Power Grid and Straining Resources

AUSTIN, Texas (AP) – Deadly heat that has gripped Texas for much of the summer has spread into other parts of the central U.S. this week where it is forecast to stay for days, with triple-digit temperatures buckling roads, straining …

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Former University of Southern California Star Reggie Bush Plans Defamation Suit Against NCAA

Former Southern California running back Reggie Bush plans to file a defamation lawsuit against the NCAA over a statement made by college sports’ governing body about the reasoning for its decision not to restore the Heisman Trophy winner’s records. Bush …

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People Moves: Pie in Colorado Names Four VPs to Leadership Team

Pie Insurance, headquartered in Denver, Colo., appointed four new vice presidents to its leadership team. Pie promoted Carla Woodard to vice president of claims. Woodard has more tahn 25 years of claims management experience, including most recently as director of …

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Employer Hosting Golf Outing Not Liable for Drunk Driver, Affirms Pennsylvania High Court

The Pennsylvania Supreme Court has declined to extend the state’s liquor liability law to social hosts. The high court cited a half-century of precedent in upholding lower courts in a case where an employer hosting a golf outing for employees …

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Takeaways from Our Conversation on Insurance Conditions for Cannabis

Some cannabis insurance brokers are lately reporting better conditions for their cannabis clients – such as lower rates, better terms. It’s too early to say whether their cannabis clients are getting better rates thanks to a maturing industry with a …

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Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders

Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums,” four traders said. A war risk premium was added to the common insurance costs for tankers …

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Cause Still Unknown in Pennsylvania House Explosion That Killed 6

Three houses at the center of a recent explosion near Pittsburgh that killed six people will need to be torn down and 10 others are not currently inhabitable, county officials said over the weekend. The Aug. 12 blast in Plum …

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Police Who Fatally Shot Pregnant Woman Sued by Her Family in Colorado

Destinee Thompson was supposed to be on her way to lunch with her stepmother in August 2021 when Colorado police, mistaking her for a robbery suspect, fatally shot the pregnant mother as she fled in her minivan. Frustrated by the …

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Gibson Acquires Brisk Advisors in Utah

Gibson has entered Utah through its acquisition of Brisk Advisors. The new Gibson Utah office is in Midvale. Brisk Advisors (formerly Insurance Network) has provided risk management and personal insurance solutions to clients for more than 50 years. Gibson is …

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US Insurance Giant Marsh Set for $448 Million Honan Deal

Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …

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Fire Tears Through Historic Block Island Hotel Off Rhode Island Coast

A fire tore through a historic hotel early Saturday on Block Island, prompting officials on the summer vacation spot off the coast of Rhode Island to declare a state of emergency and urge the public to stay away. The fire …

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Maui Fire Lays Bare Utility Missteps Mirrored Across the Country

When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, …

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China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis

Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else. Now, the secretive shadow banking giant has become the latest symbol of financial fragility in an $18 trillion economy where …

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Liberty Co. Brokers Secures $340M in Funding for Refinance, More Growth

Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding, from J.P. Morgan, Fifth Third Bank, Royal Bank …

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New Jersey Home Blast That Killed 4 Was Caused by Explosive Materials in the House

A house fire and explosion in New Jersey that killed two men and two young children earlier this month was caused by explosive materials found in the residence, authorities announced Tuesday. The explosion likely originated in the rear left corner …

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Hurricane Hilary Threatens Flooding Rain in California, Nevada and Arizona

AccuWeather meteorologists say Hurricane Hilary is anticipated to bring heavy rain, flash flooding and strong winds to parts of California, Nevada and Arizona. The meteorologists issued the forecast in a media alert that was sent out Thursday afternoon. “Hurricane Hilary …

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Fitch Downgrades Kemper’s Trinity Universal P/C Subsidiary

Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong) from A. Trinity Universal of Jacksonville, Florida is Kemper Corp.’s lead property/casualty operating subsidiary. “The downgrades for Trinity and Kemper’s …

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More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance

Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …

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Homeowners Had Issues with Hot Water Tank Before Deadly Blast in Pennsylvania

The owners of a home that exploded in western Pennsylvania last weekend were having issues with their hot water tank, authorities said, but the cause of the blast that killed five people — including two municipal officials —remains under investigation. …

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Shipping Firm Fined $2.25M for Discharging Oily Bilge Off Rhode Island

The owner of a Greek oil tanker has been ordered by a U. S. judge to pay $2.25 million in fines and penalties after discharging oily bilge water into the ocean during a trans-Atlantic voyage and admitting to other environmental …

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UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit

Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the Lloyd’s insurance market. The life and general insurer, …

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Insurers Fume at Proposal That May Crimp Private Investments

Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher yields but often bring added risks. The proposal by a unit …

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Harford Mutual Completes Merger With Workers’ Compensation Writer ClearPath

Maryland-based commercial property/casualty insurer Harford Mutual Insurance Group announced that it has received final approval from the Maryland Insurance Administration of its merger with ClearPath Mutual Insurance Co., a monoline workers’ compensation carrier headquartered in Louisville, Kentucky. The merger, which …

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Insurer Argues Baltimore Not Covered for Employee’s Sexual Abuse of Minors

Philadelphia Indemnity Insurance Co. is asking a federal court to declare that it does not have to indemnify Baltimore officials who have been targeted in a class action that was filed after a former city security guard took photos of …

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Modeler: Insured Property Losses From Lahaina Fire $3.2B

Catastrophe modeler Karen Clark & Company has issued new estimates showing the insured property losses from the Lahaina Fire in Hawaii to be around $3.2 billion. At least 99 people were killed in Maui’s wildfires, a figure that’s likely to …

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42,000 Vermonters Affected by MOVEit Data Breach

The Vermont Department of Financial Regulation reports that the large-scale data security breach of the MOVEit software has compromised the personally identifiable information of roughly 42,000 Vermonters and more than 38 million consumers nationwide. The breach occurred when CLOP Ransomware …

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New York Workers’ Compensation Fund Returned $585 Million to Employers

The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, allocated $585 million to New York employers last year through its dividends and return-of-premium programs. Every year, NYSIF returns funds to New York State businesses that prioritize …

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Estimate of Losses From Devastating Hawaii Wildfires Increases to $14B-$16B

AccuWeather increased its estimate of the total damage and economic loss from the devastating wildfires burning in Hawaii to $14 to $16 billion. The update follows AccuWeather’s preliminary estimate last week of total damage and economic loss of $8-10 billion. …

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Russian Warship Fires Warning Shots at Cargo Ship in Black Sea

A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …

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Connecticut School District Has Recouped Half of $6 Million Lost in Cyber Attack

The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced last week. The thefts, which …

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Political Violence in Polarized US at Its Worst Since 1970s

As Kristen King’s husband lay dying in their yard from three gunshots to his head, the 911 operator asked her: Did she know who killed him – or why? Sobbing, King identified the shooter as her neighbor in the small …

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Embattled Louisiana Law Firm Raised $40M from Florida Hedge Fund, Partner Says

McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a court hearing on Tuesday. Zachary Moseley provided …

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Heritage Insurance Reports Third Straight Quarter of Profit after Shedding Policies

Tampa-based Heritage Insurance Holdings reported a $7.8 million profit for the second quarter of this year, along with an improved combined ratio, thanks in part to higher premiums and reduced exposure in Florida. The black ink is a marked improvement …

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Takeaways from Our Conversation on Insurtechs in Cannabis

You don’t hear a lot about insurtechs and cannabis, but one firm aims to change that paradigm. SquareRisk principals say they aim to transform the wholesale distribution model for specialty insurance, building partnerships with more than 15 specialty insurance carriers …

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Utah District to Pay $2M to Family of Bullied Black Girl Who Died by Suicide

A Utah school district has agreed to pay $2 million to the family of a Black, autistic 10-year-old girl who killed herself after being harassed by her classmates. The lawsuit said that Izzy, the only Black student in her class, …

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Jamie Dimon, JPMorgan Board Defeat Shareholders’ Jeffrey Epstein Lawsuit

A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Epstein. In a Wednesday evening decision, U.S. District Judge Jed Rakoff …

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AccuWeather: Damage and Economic Loss from Wildfires in Hawaii $8B to 10B

AccuWeather’s preliminarily estimate of the total damage and economic loss from the wildfires burning in Hawaii is from $8 billion to 10 billion. The worst of the fires hit the Island of Maui, with the Lahaina area especially hard hit. …

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Kellogg’s ‘Woke’ Workplace Diversity Programs Are Illegal, Group Claims

A conservative legal group on Wednesday urged a U.S. anti-discrimination agency to investigate Kellogg over workplace diversity policies that it says are unlawful, and accused the cereal maker of sexualizing its products. This is the second complaint filed this week …

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Connecticut, Other States’ Lawmakers Have a Lot of Questions About AI

As state lawmakers rush to get a handle on fast-evolving artificial intelligence technology, they`re often focusing first on their own state governments before imposing restrictions on the private sector. Legislators are seeking ways to protect constituents from discrimination and other …

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Glacial Dam Outburst in Alaska Eroded Riverbanks, Destroyed at Least 2 Buildings

Raging waters that ate away at riverbanks, destroyed at least two buildings and damaged others had receded Monday in Alaska`s capital city after an outburst of weekend flooding from a glacial lake, authorities said. Levels along the Mendenhall River had …

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Takeaways from Our Conversation on Cannabis Operators Custom Fortifying

Dispensary entrepreneur Adam Fong got tired of having his San Rafael, California operation being broken into. The business suffered five break-ins starting in 2019, with the biggest loss coming from the first theft – $10,000 worth of product and $20,000 …

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2 Killed, 3 Hurt When Pleasure Boat Catches Fire in Southern California Bay

Two women were killed and another woman and two men were hospitalized with burns after a weekend fire on a pleasure boat in Long Beach, California, authorities said. The blaze was reported around 5:15 p.m. Saturday on a 35-foot motorboat …

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People Moves: Frank Joins the WCF Insurance Board in Utah

WCF Insurance appointed Jan Frank to the company’s board of directors for a four-year term. Frank’s experience in the trade spans almost three decades. Most recently, she was chair, CEO, and president of Pacific Compensation Insurance Company, a California specialty …

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Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise

The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. For the first time, the attacks put at risk Russia’s commodity exports via …

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Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses

Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels. Net premiums earned and …

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UK Seeks to Boost Defenses for Potential Infrastructure Attacks

The UK government unveiled a fresh attempt to bolster security of critical energy infrastructure like gas pipelines. The release of an updated National Risk Register by Deputy Prime Minister Oliver Dowden reflects concerns that heavy reliance on gas supplies piped …

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California Firm to Pay $1M for Selling Devices to Thwart Truck Smog Controls

A California company will pay $1 million for violating federal environmental laws by making and selling devices that defeated smog controls on diesel trucks, prosecutors announced. Sinister Manufacturing Co., Inc. of Roseville, doing business as Sinister Diesel, pleaded guilty Tuesday …

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Ratings Firms Struggle With Climate Risk in $133 Trillion Market

With 46 straight days of 100-degree heat and coastal waters approaching hot-tub temperatures, Miami can seem like a clear example of the costs of a warming world. But analysts at S&P Global Inc. aren’t sweating it. They recently upgraded Miami’s …

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Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region

Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as the continent suffers a summer of devastating heat, wildfires and drought. In recent months, …

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‘Fundamental Fairness’ Favors Lender’s Claim to Fire Insurance Funds After Foreclosure

The estate of a Maryland man who, along with one of his children, was killed in a fire in his home is not entitled to all of the proceeds from the fire insurance policy because the homeowner still had a …

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Warrant out for Washington Man Who Filed False Claim for Scuba Gear

Santiago G. Rodriguez, of Bothell, Washington, was added to Washington Insurance Commissioner Mike Kreidler’s most wanted list after being charged with insurance fraud by the Snohomish County Prosecutor’s Office. A bench warrant was issued for his arrest after Rodriguez failed …

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Car Injures 10 People Near NYC’s Grand Central Terminal, FDNY Says

The driver of a stolen vehicle struck several pedestrians near Grand Central Station in Manhattan on Tuesday, causing 10 non-life-threatening injuries, according to police and fire department officials. The incident, which was followed by the arrest of the 20-year-old motorist, …

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Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B

Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors. President and CEO Tom Wilson said the …

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AIG General Insurance Sees Strong Q2 Growth, Margin Improvement

American International Group saw second quarter growth in net premiums written in its general insurance segment to $7.5 billion, a 10% increase from the same time a year ago. The insurer’s second quarter net income attributable to common shareholders fell …

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