Monthly Archives: <span>May 2023</span>

Rhode Island AG Sues Manufacturers of Forever Chemicals

Rhode Island Attorney General Peter F. Neronha yesterday filed a lawsuit against the manufacturers of per- and polyfluoroalkyl substances, commonly referred to as PFAS, for allegedly causing significant harm to the residents and natural resources of Rhode Island. The suit …

Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers

“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …

Judge Greenlights JPMorgan Lawsuit Blaming Ex-Executive in Jeffrey Epstein Scandal

A federal judge said Wednesday that he won’t block JPMorgan’s legal efforts to blame a former executive of hiding Jeffrey Epstein’s decades-long sex abuse to keep the financier as a client. Judge Jed Rakoff in Manhattan denied requests by lawyers …

IIHS: Rear Passengers in Small Cars at Higher Risk of Internal Injuries

A new crash test, conducted by the Insurance Institute for Highway Safety (IIHS), revealed poor ratings for all small cars tested. In all five vehicles tested, the rear dummy submarined beneath the seat belt, causing the lap belt to slide …

California Commissioner Issues Decision on Workers’ Comp Regulatory Filing

California Insurance Commissioner Ricardo Lara issued a decision this week regarding the Workers’ Compensation Insurance Rating Bureau of California’s Sept. 1, 2023 regulatory filing. The Commissioner approved all of the WCIRB’s proposed changes to: the California Workers’ Compensation Uniform Statistical …

California Department of Insurance Bans Sender of Misleading Wildfire Mailers

A California Department of Insurance investigation into misleading mailers on insurance claims following wildfires led to a ban of public adjuster and California Recovery Group owner Argen Youssefi of Glendale. The investigation reportedly found California Recovery Group and its owner, …

Microsoft Chief Says Deep Fakes are Biggest AI Concern

Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to regulate AI, which went from …

People Moves: Aihara & Associates in California Names Kinoshita EVP

Aihara & Associates Insurance Services named Mike Kinoshita executive vice president. Kinoshita is a third-generation insurance agent and current senior client advisor at The J. Morey Company, an Ori-gen Family Company. Kinoshita’s appointment will succeed agency principal Douglas Aihara. Aihara …

People Moves: Cowbell Names CNA’s Bilbao as UK Director of Underwriting; Allianz Commercial Promotes Execs in Iberia, Latin America

This edition of International People Moves details appointments at Cowbell Cyber and Allianz Commercial. A summary of these new hires follows here. Cowbell Names CNA’s Bilbao as UK Director of Underwriting Cowbell, the Pleasanton, Calif.-based provider of cyber insurance for …

People Moves: Lockton Adds IP Experts Sandler and Taylor; Byrne Hired at Cowbell as VP Tech E&O Underwriting

Lockton Adds Intellectual Property Experts to Transaction Liability Practice Lockton has hired Jason Sandler and Craig Taylor to its intangible asset and contingent liability practice, a division within its broader transaction liability practice. Gaurav Sud, partner and co-practice leader said: …