LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. The 400-meter, 224,000-tonne …
Facebook Chief Executive Mark Zuckerberg laid out steps to reform a key internet law on Wednesday, saying that companies should have immunity from liability only if they follow best practices for removing damaging material from their platforms. In testimony prepared …
Treasury Secretary Janet Yellen said on Wednesday it is important to “look carefully” at systemic risks posed by asset managers, including BlackRock Inc., but said designating them as systematically important financial institutions may not be the right approach. Yellen’s remarks …
Washington Insurance Commissioner Mike Kreidler is urging the insurance industry in his state to work with Native Americans on adopting policies of consent on environmental projects that affect Tribal nations. According to Kreidler, policies that he’s endorsing would help strengthen …
March 24, 2021, Austin, TX – The National Alliance is proud to announce that Cameron Alford, UACRM, ARM, Jill M. Bisco, Ph.D., CIC, CRM, CSRM, Pamela B. Kusma, CIC, Richard L. McCathron, CIC, and Peter van Aartrijk, CIC have accepted …
March 24, 2021, Austin, TX – The National Alliance is proud to announce that Board Members Denise D. Brown, CIC, CPCU, AINS, AIC, ARM, CISC, CRIS, AIS, MLIS, AFIS, CAWC, Jack H. Elliott Jr., CIC, CISR, SOTP, CBCP, MPM, CFE, …
An order to ban insurers to use credit scores from Washington Insurance Commissioner Mike Kreidler is getting praise as well as drawing fire. Kreidler recently issued an emergency order prohibiting insurers from using a consumer’s credit score to price auto, …
Angel Maces, 23, of San Jacinto, Calif., was arraigned for felony insurance fraud after allegedly misrepresenting symptoms following a work-related injury in order to receive over $42,000 in undeserved workers’ compensation benefits. On Sept. 7, 2018, Maces, while working for …
Commercial lines insurer CNA reported that it has sustained a “sophisticated cybersecurity attack” that caused a network disruption and impacted certain CNA systems, including corporate email. Upon learning of the incident on March 21, the insurer said it immediately engaged …
With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the insurtech carrier has been named in a shareholders class action complaint, Carrier Management has reported. At least …
