News for July 2024
- People Moves: DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director; WTW Appoints 3 Senior Hires to International Casualty Team
- People Moves: VIAA Hires Sherman as Book Management Coach
- Texas Governor Criticizes CenterPoint Energy After Beryl Power Outages
- Deere Retreats From Diversity Measures After Online Attacks
- Horticultural Grower Fined $172K Over Sexual Harassment at Texas Location
- Town in Louisiana’s Cancer Alley Divided Over a Planned Grain Terminal
- Reckitt Sales to Be Hit by Tornado at Indiana Warehouse
- Record Flooding and Tornadoes This Spring In Iowa Caused $130M in Damage
- Minnesota Workers’ Comp System Stable Despite COVID-19 Impact
- Blue Cross Won’t Appeal: Aetna Set to Run NC State Worker Health Benefits
- BMW Recalling Over 1,100 More Vehicles Over Airbag Concern, NHTSA Says
- OPTIS: Insurance Agency M&A Reaches 4-Year, First-Half Low
- AM Best Revises A.I.M. Mutual Outlook to Positive, Affirms ‘Excellent’ Ratings
- High Condo Premiums a Top Issue in Hawaii Legislative Races
- Rebuilding After Hurricanes is Complex, Can Change Character of a Community
- Russian Tactics Make Secret Tanker Oil Switching Harder to Trace
- Squishmallows Maker Can Sue Build-A-Bear Over Alleged Plush Toy Knockoffs
- Man Admits to Tracking Drivers, Programming Keys, Stealing and Reselling Vehicles
- Massachusetts Insurance Agency Deland, Gibson Acquires Atchue Agency
- Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
- Air Canada Hit by Court Ruling After Ex-Maintenance Workers Sue
- UK’s First Coal Mine in 30 Years Faces Climate Court Test
- Allianz Makes $1.6 Billion Offer for 51% of Singapore’s Income Insurance
- Viewpoint: Deepfake Fraud Is On the Rise. Here’s How Insurers Can Respond
- Surplus Lines Commercial Growth; Fla. Litigation Costs Reach New High in 2023
- Insurers Tied to Apollo, KKR Buy Mortgages Outright in New Twist
- Washington Adult Home Operator Facing Felony Charge in Alleged Workers’ Comp Scam
- Amazon Worker Injured Due to Repetitive Tasks Loses Workers’ Compensation Bid
- Disaster-Struck Cities Fight for Aid as FEMA Funding Runs Low
- Colorado Workers with Bird Flu Toiled in Heat, Without Effective Protective Gear
- New Jersey’s US Senator Menendez Convicted of Bribery, Foreign-Agent Charges
- World Insurance Acquires Rhode Island’s Affiliated Insurance Managers
- People Moves: Aon Taps Thomas From Lloyd’s as Head of Lloyd’s Capital; McLarens Names 2 Leadership Appointments in Latin America
- Viewpoint: FEMA Flood Rule Will Lead to Safer Rebuilding Post-Disaster
- Markets/Coverage: Lemonade Expands Home Insurance Offering in UK
- Occupational Healthcare Firm Concentra Eyes $3.3 Billion Valuation in IPO
- Hurricane Beryl Caused $2.5-$4.5B in Estimated Insured Losses, Says Moody’s
- Catastrophe Bondholders Sidestep Large Losses From Weather-Related Calamities
- Hawaiian Residents Return Home After Crews Contain Wind-Swept Wildfire
- Buffett’s Berkshire Hathaway Sets, Closes at Record High
- Amazon Must Comply With EEOC’s Pregnancy Bias Probe, Judge Rules
- TWIA Actuarial Committee Recommends 10% Rate Increase for 2025 Policies
- Michigan Health Care System to Pay $30K Over Racial Discrimination Suit
- Marathon Oil Reaches $241M Settlement for Air Quality Violations in North Dakota
- CenterPoint Sued Over Hurricane Beryl Power Outages in Houston
- Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says
- Families of Workers Killed in Idaho Hangar Collapse Sue Construction Company
- Progressive Q2 Net Income Skyrockets Over 320%
- PwC Weighs Halving of China Financial Services Audit Staff, Sources Say
- People Moves: Florida Peninsula Holdings Makes Cantor Vice Chair of Board
- Toronto’s Traffic Crisis Is Keeping Workers Out of the Office, Poll Says
- People Moves: AIG Names Twiningdavis EVP, Chief Administrative Officer; Lopez joins CFC USA as Senior Executive Underwriter
- P/C Premium Growth Likely But Profits Delayed Until 2025: Forecast
- AIG Files Amended Suit Against Former Execs, Dellwood Insurance
- Dollar General to Pay $12M Penalty, Improve Safety
- Georgia Governor Reappoints Bahl to Workers’ Comp Board
- Washington Roofers Fined $1.27M for Putting Workers at Risk of Falling
- Federal Appeals Court Upholds Dismissal of Manufacturer’s COVID-19 Claims
- People Moves: Fischtrom Joins Altamont Capital Partners as Operating Partner; Williamson Joins Alliant in Denver
- People Moves: Virginia Regulatory Agency Names Damico Chief Administrative Officer
- 6 Charged With Bogus Overseas Claims for Gun Shot Wounds, Stabbings, Auto Accidents
- Two Fire Tanker Trucks Crash While Heading to Warehouse Blaze, Injuring 7 Firefighters
- Novatae Acquires Missouri-Based Denali Specialty Group
- Michigan AG Reminds Residents to Avoid Scams After Flooding
- UK, EU States to Target Russia’s Shadow Oil Fleet With More Checks
- Lloyd’s Insurer AEGIS London Launches Data Science and Analytics Team
- Parametric Insurance Helps Farmers and Others Hit Hard by Extreme Weather
- Hub Acquires Swanson Insurance Agency in Louisiana
- After Beryl, Houston Area Farmers Come Together to Face Unique Challenges
- Illinois Contractor Faces $354K in Fines for Exposing Workers to Fall Hazards
- Ping An Insurance Seeks $3.5 Billion in Convertible Bonds
- Wall Street Pushes Back After Activists Escalate Protests
- Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS
- SC Supreme Court Urges Legislative Fix to Pre-existing Health Issue in Workers’ Comp
- Texans Endure Second Week Without Power After Hurricane Beryl
- Growing Southern California Wildfire Threatening 4,100 Structures
- Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
- Natural Disasters Cost China $13 Billion in January-June
- Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data
- The World’s Power Grids Are Failing as the Planet Warms
- Report: Impact of BEC Attacks on US Companies Misunderstood
- A Troubling Phrase: ‘Just a Category 1 Hurricane’
- Letters Don’t Seem to Sway Judge: Oxendine Sentenced to 3.5 Years in Prison
- Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance
- New Hampshire Suspends License of Trucker Acquitted in Motorcycle Crash for 2 Years
- Hershey, Walgreens, Paqui Chip Maker Sued Over Teen’s Death After Online Challenge
- Vermonters Assess Beryl Damage, Begin Cleanup One Year After Major Flooding
- Allstate Seeking 34% Rate Hike on California Homeowners Insurance
- California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate
- People Moves: Leif Assurance Promotes Worden to Sales Manager
- Ex-Red Hot Chili Peppers Guitarist Sued for Wrongful Death in Alleged Fatal Collision
- Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season
- Florida Tax Watch Calls for Renewed Tax Breaks for Home Hardening Efforts
- Ships Fleeing the Red Sea Now Face Perilous African Weather
- What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns.
- Abbott Accused at Trial of Hiding Fatal Risk of Infant Formula
- Insurers Hike Rates as Extreme Storms Like Beryl Proliferate
- Hurricane Beryl’s Remnants Spawn Severe Storms in Midwest and Northeast
- Texas Steel Plant Fined $269K for Endangering Workers
- Half a Million Will Be Under Houston Outages a Week After Beryl
- Lawsuit Against West Virginia Troopers Settled in Death of Maryland Man
- NTSB Investigating Crash of Small Plane That Killed Three in North Carolina
- Tennessee Sheriff Pleads Not Guilty to Using Prison Labor for Personal Profit
- Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS
- AT&T Says Data From Around 109M Customer Accounts Illegally Downloaded
- Menendez’s Wife Hid Truth About Insurance Broker and Mercedes Benz, Lawyer Says
- South Africa Storms in Western Cape Cause Damage to 35,000 Homes
- Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut
- Greece Fights Deadly Fire on Aegean Island as Temperatures Soar
- Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather
- Conning Study: MGA Market Still Growing
- CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053
- People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP
- SpaceX Wins Block on Labor Board Case Over Severance Agreements
- Markets/Coverages: Captive Insurer Targets New York Affordable Housing Market
- Insurers Entitled to Second Injury Fund Payments Even If No Longer Writing in State
- Heffernan Acquires Costello Insurance Associates in Arizona
- California Insurance Commissioner Orders Insurance Preserved for 46K Residents Following Fire
- Fifth Third Bank to Pay $5M Fine for Illegally Forcing Car Insurance Onto Borrowers
- Honeywell Defeats Fired Engineer’s Appeal Over Diversity Training
- People Moves: Rice Joins Alliant Insurance Services’ Employee Benefits Team
- Regulators Fine Citi $136M for Failing to Fix Longstanding Data Issues
- Woman Used Photos from Another Person in State Farm Claim, NCDOI Says
- No Shops, No Gas: Large Swaths of Houston Are Still in the Dark
- NRA’s Ex-CFO Agrees to Nonprofit Ban; Avoids Second Trial; Still Owes $2 Million
- Judge: Protestors Can’t March Through Security Zone at Republican National Convention
- Texas Tank Cleaning Company Faces $800K Fine After Worker’s Fatal Injury
- NYU Settles Suit by Jewish Students Who Complained of Antisemitism
- Collector Vehicle Insurer OpenRoad to Launch in Four Midwest States
- Iowa Woman Sentenced for Pet Insurance Fraud
- SageSure Secures $60M Cat Bond Ahead of Busy Hurricane Season
- People: Stacks Brokerage in Florida Names Bordman Commercial President
- Wildfire Risk Rises as Western States Dry Out Amid Ongoing Heat Wave
- Favre Wants Appeals Court to Reinstate Defamation Suit vs. Shannon Sharpe
- Florida, Environmental Groups Settle Lawsuit Over Massive Phosphate Leak
- French Shipping Company CMA CGM Loses 44 Containers in Tough Weather
- Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years
- Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC
- Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks
- Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers
- Hurricane Beryl Triggers Record Payout for Caribbean Insurer
- Biden Administration Raises FEMA Bar for Flood Resilience
- 3 People Killed by Faulty Replacement Air Bag Inflators in Last 9 Months: NHTSA
- Vermont Under Flood Watch on Anniversary of Last Year’s Severe Inundations
- New Jersey Democratic Power Broker Norcross Pleads Not Guilty to Racketeering
- Deaths, Injuries, Billions of Dollars Are Costs of Extreme Heat in California
- Vitol, SK Settle California Fuel Rigging Probe for $50 Million
- People Moves: Society Insurance Names Brown to Board of Directors
- Chubb Continues Promotion Spree in North American Operations
- Ford Pro Expands to Minnesota and Maryland
- Markets/Coverages: High-End Home Insurer Openly Enters Virginia
- ‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis
- Hub International Acquires Wyatt Agency in Tennessee
- People Moves: Gallagher Hires Eaton From Howden for US Cargo Role; Hartford Names Fish Head of Group Benefits, Bassett Global CUO and Head of Reinsurance
- UK’s Direct Line to List on Price Comparison Websites in Strategy Shift
- Rikers Island Inmates Sue City Claiming They Were Trapped in Cells During Fire
- Senate Hopeful Pushes Insurance Revamp During California ‘Gouging’
- Montana To Ask State Top Court To Overturn Landmark Climate Ruling
- Missouri Fire Official Dies When Boat He Was in Capsizes During Water Rescue
- NC Can Switch Health Benefits Provider for State Workers, Judge Rules
- Maine Has No Medical Cannabis Testing Requirement. Health Advocates Urge Change.
- Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling
- PwC Starts Mass China Layoffs After Losing Dozens of Clients
- Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane
- UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure
- People Moves: Incline P&C Group Appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Urban as Chief Development Officer
- Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group
- Insurance Broker TWFG Aims to Raise Up to $176M in IPO
- Viewpoint: Premium Audits Help Insurers Navigate Regulatory Compliance
- Marsh McLennan Agency to Acquire The Horton Group
- CSU Research Team Increases Atlantic Hurricane Forecast
- Oxendine Asks Judge to Go Easy on Sentencing. Former Commissioners Weigh In
- Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims
- California Company Recalling 1M Power Adapters Sold with Baby Sound Machines Due to Shock Hazard
- Houston Struggles With Beryl’s Blackouts and Searing Heat
- Southern California Wildfire Has Now Burned Nearly 27,000 Acres
- Michigan DIFS Bulletin Prohibits Discounting Labor Costs for Depreciation
- Ohio Apartment Building Set to Reopen After Nearby Deadly Gas Explosion
- Last Survivors of Tulsa Race Massacre Challenge Oklahoma High Court Ruling
- Houston Will Feel Like 106F as Millions Remain Without Power
- Chubb Shakes Up North American Insurance Leadership
- Greece Evacuates Hospital as Wildfire Threatens City of Patra
- People Moves: IMA Group Adds High and Marentette; Kinsman Joins EagleView
- NHTSA: Traffic Deaths Decrease Again in Q1 2024
- People Moves: SiriusPoint Int’l Managing Agency Names Castel’s Williams as Chief Risk Officer; Everest Promotes Townsend to Chief Ceded Reinsurance Officer
- Report: Fewer Claims but Higher Losses for California Workers’ Comp Private Self-Insureds
- Review of Prescribed Fires Following Record New Mexico Blaze Finds Gaps
- People Moves Southeast: New Faces at CRC Group, Alliant Insurance Services
- Tech Update: WTW Offers Next Generation Investment Management Insurance Solution
- Purdue Pharma Backs Creditor Move to Sue Sacklers Over Assets
- Russian Court Orders Volkswagen to Pay $193M in Damages to Russian Carmaker
- Most of Houston Loses Power as Hurricane Beryl Delivers Latest Blow
- EU Markets Watchdog Signals a Hard Line on New ESG Disclosures
- Earth Continues Streak of Record-Shattering Hot Months
- Abbott Faces Trial Over Claims Preterm Infant Formula Caused Dangerous Disease
- Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
- Can Insurers Sue School Boards for PIP Claim Reimbursement? Florida Courts Differ
- Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes
- OSHA Alleges Roofer Put Own Kids at Risk on Job
- California Earthquake Authority Selling Debt to Avoid Paying More for Coverage
- 15 Firefighters Injured Fighting Virginia Warehouse Fire
- Former USAA CEO Robles, 78, Dies
- Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance
- Search Suspended for Missing Boater in Lake Erie After 2 Rescued, 1 Dead
- More Than 2.3 Million Texans Without Power as Hurricane Beryl Moves Inland
- New State Climatologist For Louisiana Warns of ‘Very Active’ Hurricane Season
- People Moves: Grant Joins MGA Devonshire as Underwriting Manager; Generali GC&C Makes 3 Key Appointments in Mediterranean and LatAm Region
- ESG Investing Rule Presents Early Test on Limits of US Agency Powers
- Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers
- Brazil Sues Syngenta for Alleged Environmental Damage
- Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
- Insurance Industry Impact From Hurricane Beryl Expected to Be ‘Manageable’
- Growing Fire in Southern California Prompts Evacuations
- Investing in Climate Resilience Really Pays Off, Allstate, Chamber Study Shows
- The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
- Pongamia Tree Moves in on Florida Citrus, Promises Climate Resilience, Protein
- Fireworks Started New Jersey Forest Fire That Burned 4,000 Acres: Officials
- Hospital to Pay $300K to Resolve Drug Recordkeeping Allegations
- Banks Face Record Number of UK Lawsuits as Economy Stumbles
- Catastrophe Bonds Dodge Losses After Beryl Hits Jamaica
- Corporate France Braces for New Era of Political Turmoil
- Investors Put UK Election Winner Labour on Credibility Watch
- Former Kansas Newspaper Reporter Settles Lawsuit Over Police Raid for $235K
- To Insure or Self-Insure? The Question Homeowners Must Answer
- Crypto Hacking Thefts Double to $1.4B in First Half 2024
- CFO Names Gallagher to Board of Florida Insurance Guaranty Association
- Florida Governor Names Insurance Defense Lawyer to Appeals Court
- California Lawmakers to Ask Voters for Permission Borrow $20B for Climate, Schools
- Lightning Strike Started New Mexico Wildfire That Damaged 1,400 Structures
- GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
- Delaware Judge Allows Suit Over Police Fatal Shooting of Mentally Ill Woman
- Beryl Regains Strength, On Track to Reach Texas as Hurricane
- $21M to Settle Claims Over Botched Fireworks Detonation in Los Angeles
- GM to Pay $145.8M Penalty After US Finds Excess Emissions
- Worsening Floods Pose Threat to US Dam Safety
- Kansas School District Was Discriminatory in Discipline: DOJ
- Judge Tells Louisiana to Protect Incarcerated Workers Toiling in Summer Heat
- OSHA Fines Georgia Sawmill $267,300 After Death of Worker
- Weather Damaged F-35s Parked in Texas May Cost Pentagon Millions
- OpenAI’s Internal AI Details Stolen in 2023 Breach, NYT Reports
- Cooper Signs Retention Groups, Vaping, Work Zone Safety Bills in North Carolina
- Q2 2024 Personal Insurance Rates Up 7.6%: MarketScout
- Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims
- Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics
- Labour Win Brings Few Hopes or Fears to London’s Financial District
- Houthi Threat Triggers Surge in Pirate Attacks Off Somalia Coast
- Abandoned Tanker Lavant Has Likely Sunk Off Yemen, Sources Say
- Switzerland, EU Restart Financial Market Talks After Long Hiatus
- Banks to Publish Crypto Asset Exposure From 2026, Global Regulators Say
- Update: Beryl Rakes Mexico’s Yucatan With Hurricane Winds and Heavy Rain
- Zimbabwe Gets $32 Million in Drought Insurance From Agency of African Union
- As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind
- New-Vehicle Sales Growth Slows After CDK Cyberattack
- Gallagher Buys NetClaim, a Claims Management Firm, from NAVEX
- PointeNorth Keeps Growing with Acquisitions in the Southeast
- California Warehouse, Logistics Companies Fined Nearly $840K After Worker Pay Probe
- Trucking Firm Owner’s Scheme to Lower Insurance Costs Hits Dead End
- California Commissioner’s Analysis Shows $7.7B in Losses From Extreme Heat Events
- Court Rejects Broadway Producer’s Antitrust, Defamation Claims Against Union
- Government Contractors Guidehouse, Nan McKay Pay $11.3M for Cybersecurity Failure
- FTC Ban on Worker Noncompete Agreements Delayed by Judge
- State Farm Seeking Large Rate Increases in Wildfire-Prone California
- People Moves: Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe; CNA Hardy Promotes Magnus as Active U/W at Lloyd’s
- Judge Blocks Biden’s Bid to Halt LNG Export Licenses Over Climate
- Giant Sinkhole Swallows Center of Illinois Soccer Field
- How the Hot Water That Fueled Hurricane Beryl Foretells a Scary Storm Season
- West Texas Truckers Protest Low Wages, Working Conditions
- Houthis Escalate Red Sea Danger With Explosive Drone Attacks
- Marsh McLennan Acquires Minnesota’s AmeriStar
- NY Plane Crash Kills 5 Members of Georgia Family, Including Former Insurance Analyst
- Specialist Risk Group Acquires Political Violence MGA, Tristar Special Risks
- Howden Enters Japanese Market, Invests in Keystone ILS Capital
- Fire That Destroyed Historic Georgia Home Found to Be Arson
- Atlanta City Council Approves $2M for Students Pulled from Car During Protest
- Law Firms Smell Opportunity as Supreme Court Guts Agency Powers
- People Moves: Unison Risk Advisors Appoints Martinez; USI’s Engbert Joins Alliant
- Hurricane Beryl Roars Toward Jamaica on Destructive Path
- What Is China’s Planned Financial Stability Law and How Will It Work?
- London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s
- Life, Liberty, and the Pursuit of a Claims-Free Fourth of July
- Report: Medical Costs for Workers’ Comp Rose 11% Nationally
- US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red
- Florida Arts Groups’ Insurance Could be Affected With DeSantis Veto of Funding
- Hub Acquires Skinner & Co. in Georgia
- Washington Insurance Commissioner Fines Unite Health, Others $500K for Violations
- Court Finds Virginia’s Punitive Damages Cap Applies Per-Plaintiff in Charlottesville Case
- Connecticut’s Monroe Insurance Merges With Smith Brothers
- Jury Awards $68.5M to Family of Worker Who Fell to Death at Philly Construction Site
- Containment on Large California Fire Increased, but Temps Are Expected to Soar
- PG&E Cut Power to 2,000 as Extreme Heat Bakes California
- Marshall Elected Chair of Virginia Workers’ Compensation Commission
- Robots, Drones and Driverless Tractors Usher In New Age of Farming
- People Moves: IMA Financial Names Arons Rosen as Dallas Market President
- Patrick Watkins Receives Drex Foreman Award by IIAT
- Coverys Launches London Market Insurer, Approved to Write US E&S Business
- Lawsuit Claims Omaha Housing Authority Violated Tenants’ Rights
- Texas Governor Wants to Double Gas-Plant Fund to $10 Billion
- Michigan Court Revives Lawsuit Over Woman Found Alive in a Body Bag
- Ryan Specialty Shuffling Continues; McCormack Named CEO of RT Specialty
- North Carolina, Florida Home Sellers Facing New Flood Disclosure Requirements
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