News

Florida Senate Approves Bill That Would Limit Claims Histories to Three Years

Florida property/casualty insurers would have to produce claims histories that go back only three years instead of five when requested by policyholders, under a bill passed last week by the state Senate. Senate Bill 156, sponsored by state Sen. Doug …

Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines

Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million. Sayata CEO and Founder Asaf Lifshitz …

Vermont State Police Releases List of 11 Internal Investigations

The latest summary of internal investigations against Vermont State Police troopers listed 11 cases that led to the resignation of two troopers, the retirement of a third, and in other cases found that no violations took place. The document released …

Man Injured in 2019 New Hampshire Motorcycle Crash Sues Massachusetts Registry

A Massachusetts man severely injured in a 2019 crash in New Hampshire that killed seven members of his motorcycle club has filed a lawsuit against the Massachusetts Registrar of Motor Vehicles for allegedly failing to suspend the driver’s license of …

Investigators to Review ‘Entire History’ of Pittsburgh Bridge That Collapsed

Federal investigators on Saturday vowed to put a collapsed bridge in a Pittsburgh park “under a microscope” as they examine evidence, including video from a municipal bus that plummeted along the span, prompting rescuers to rappel down a ravine and …

U.S. Offers States $1.15B to Clean Up Abandoned Oil and Gas Wells

The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and improve health and safety in …

13 States Agree U.S. Law Does Not Bar Mexico’s $10B Suit Against U.S. Gun Makers

Thirteen U.S. states and two Latin America and Caribbean nations on Monday threw their support behind a lawsuit from Mexico that accuses several major U.S. gun makers of facilitating the trafficking of weapons to drug cartels, leading to thousands of …

Tesla to Recall Vehicles That May Disobey Stop Signs

Tesla Inc. will recall 53,822 U.S. vehicles with the company’s Full Self-Driving (Beta) software that may allow some models to conduct “rolling stops” and not come to a complete stop at some intersections posing a safety risk. The National Highway …

Three Charged in North Carolina in Insurance Fraud Schemes

A North Carolina man has been charged with fraud after he allegedly won an $8,000 roofing contract by presenting a fake certificate of liability insurance. State Insurance Commissioner Mike Causey said in a statement that Thomas Jefferson Sappelt, 33, of …

MGA Aqueous Secures New Professional Indemnity Capacity From Great American Int’l

Aqueous Underwriting has secured increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022. The specialist managing general agent can now offer cover for limits up to £10 million (US$13.4 million), on either …

News Archives by Month