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Update: Divers Resume Search for 2nd Black Box from Crashed Lion Air Jet

Indonesian divers hunted on Friday for a second black box from an aircraft that crashed into the sea this week with the loss of all 189 people on board, as investigators tried to get data from a partly damaged recorder …

Hiscox USA Promotes Hart to Product Head for Media

Specialty insurer Hiscox USA has promoted David Hart to senior vice president, product head for Media. Hart, who joined Hiscox in 2006 and manages media and entertainment insurance products in the U.S., has three decades of experience underwriting media and …

Bipartisan Autonomous Vehicle Legislation Stalls on Capitol Hill

A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress — casting doubt on the future of unusually bipartisan legislation in Washington. In order to get a final …

AIG Executives Outline Path to Underwriting Profit in 2019

“We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president …

Hurricane Florence Damage in North Carolina Reaches $17B

Hurricane Florence in North Carolina is now estimated to have caused $17 billion in damage, according to a statement from Governor Roy Cooper’s office. An Oct. 31 updated damage estimate from the North Carolina Office of State Budget and Management …

Georgia Farmers Face Long Recovery From Hurricane Michael Crop Losses

Hurricane Michael left a snowy landscape of ruined white cotton on Georgia’s red clay, destroying a crop and likely bringing hard times to the region’s many small communities built on agriculture. When the storm struck, most of the cotton was …

Digital Carrier Next Insurance Launches General Contractor Coverage

Small business digital insurance carrier Next Insurance has launched a new general contractor insurance policy that includes general and professional liability insurance for general contractors entirely online. Next Insurance now offers three coverage plans for general contractor insurance starting at …

Confie’s Rothberg Exits California-Based Nonstandard Auto Insurance Giant

Adios Mordy Rothberg. One of the men behind Confie Seguros, a nonstandard auto insurance giant with an emphasis on serving Hispanic consumers that has been on an agency buying spree since it started in 2008, is calling it quits. Rothberg, …

Liberty Mutual Reports $282M Profit for 3Q

Liberty Mutual and its subsidiaries reported net income of $282 million and $1.911 billion for the three and nine months ended Sept. 30, 2018 versus net loss attributable of $665 million and $188 million for the same periods in 2017. …

Texas Nurse Sentenced on Workers’ Comp Fraud Charges

Texas Mutual Insurance Co. has reported that a Travis County district court sentenced Kaydra Moore of Cedar Hill, Texas. on workers’ compensation fraud charges. The court sentenced Moore to a Class A misdemeanor with one year deferred adjudication. She will …

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