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

Alera Group Acquires Michigan’s Rick Young Insurance

Alera Group announced the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination. Rochester Hills, Michigan-based Rick Young Insurance offers personalized employee benefits services. This includes tailored health …

Biden Signs Sweeping Executive Order Regulating Artificial Intelligence

President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive order, released …

CNA Returns to Black in Q3 With Net Income of $258 Million

CNA Financial reversed a third quarter loss of $42 million in 2022 with net income of $258 million this year on higher investment income, positive underwriting income and lower catastrophe losses. The Chicago-based insurer said the combined ratio in its …

Duke Energy Plans Green Hydrogen Project in Florida

Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consulting firm Sargent …

Tennessee DCI Holds Webinar on Changes in Licensing Exam Program

The Tennessee Department of Commerce and Insurance will host a webinar Thursday, Nov. 2 to cover key changes in the state’s insurance license exam program. The Department said it has teamed up with Pearson VUE, a test administration firm, to …

Idaho Woman Files Lawsuit Against Fertility Doctor

An Idaho woman is suing her one-time fertility doctor, saying he secretly used his own sperm to inseminate her 34 years ago, the latest in a string of such cases brought as at-home DNA sampling enables people to learn more …

Magnitude 3.7 Earthquake Struck San Francisco Region

A magnitude 3.7 earthquake with its center at San Francisco`s international airport rattled the Bay Area Friday evening but there were no reports of damage. The U.S. Geological Survey reported the minor quake struck about 7 miles beneath the San …

Saltwater Intrusion Threatens Drinking Water in Louisiana

NEW ORLEANS (AP) – The heating element removed from Monique Plaisance`s water heater in September was disintegrating, streaked with rust and covered in a dry crust. She blamed the corrosion on the water piped in from the area`s longtime drinking …

Insurtech Hippo Lays Off 20% of Employees

Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its workforce. The company said in a filing with the U.S. Securities and Exchange Commission on Oct. 26 that it expects …

Texas Supreme Court Hears Arguments in Challenge to Public Adjuster Law

Insurers and the Texas Department of Insurance hope to persuade the state Supreme Court to block a constitutional challenge to a law that prohibits roofing contractors from acting as public adjusters on their customers’ damage claims. The high court heard …