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Zurich Partners with Insurtech Vindati on Motor Truck Cargo Program

Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to for hire common and contract truckers. Written through an exclusive agreement between Zurich and Vindati, the coverage insures against the …

Florida City Faces $1M Ransom by Hackers

A Florida city confirmed Friday that hackers seeking to extort money were responsible for crippling its computer systems earlier this week but officials have yet to decide whether they will pay a reported $1 million ransom. If they do opt …

Georgia Governor Issues Emergency Order After Flooding at Atlanta Hospital

Georgia’s governor has issued an emergency declaration because of capacity issues at Atlanta-area hospitals after a flooding incident at the state’s largest trauma center last week. Grady Memorial Hospital in Atlanta started diverting patients to other hospitals on Dec. 7 …

Weinstein Deal Seen as ‘Wake-Up Call’ for Companies But Punishing to Some Victims

A tentative $25 million settlement revealed last Wednesday to end nearly every sexual misconduct lawsuit brought against Harvey Weinstein and his former film studio’s board has been praised by a plaintiff and some lawyers but criticized by others who say …

CopperPoint Completes Acquisition of Alaska National, AM Best Upgrades Rating

Phoenix, Ariz.-based CopperPoint Insurance Cos. has completed its acquisition of Alaska National Insurance Co. The forecasted enterprise financial results as of Dec. 31 are roughly $625 million of written premium, a combined ratio of 98.5%, total assets of $5 billion …

PG&E Takes California Governor out of $13.5B Wildfire Deal

Bankrupt utility giant PG&E Corp. has removed a requirement that California Gov. Gavin Newsom sign off on its settlement with wildfire victims, trying to buy more time for its restructuring plan. PG&E reached an agreement Monday with representatives of the …

Weather-Related Crashes Blamed on 5 Deaths in Missouri, Kansas

At least five people have died in weather-related crashes in Missouri and Kansas amid a storm that dumped nearly a foot of snow in places, forced schools to close their doors and snarled traffic, authorities said. The wintry weather was …

Another Cyberattack Attempt in Louisiana: Sheriff’s Offices

Three Louisiana parish sheriff’s offices were targeted by hackers over the weekend in a suspected cyberattack, officials confirmed. The Rapides Parish Sheriff’s Office received a call from the Sheriff’s Association in Baton Rouge on Friday that Rapides, Washington and Orleans …

Magnitude 3.6 Quake Reported in Oklahoma

The U.S. Geological Survey has reported a magnitude 3.6 earthquake in Oklahoma near Stroud. The quake was recorded Sunday morning about 2.5 miles (4 kilometers) north of Stroud. Stroud, which has a population of about 2,700 people, is located about …

Autonomous Cars Could Worsen Gridlock. Smart Intersections Could Help.

In the not-so-distant future, city streets could be flooded with autonomous vehicles. Self-driving cars can move faster and travel closer together, allowing more of them to fit on the road – potentially leading to congestion and gridlock on city streets. …

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