1 month ago
Germany’s government said an investigation found that Russia is behind a failed drone attack at an airport in Leipzig last month and that the Kremlin is likely to step up hybrid aggression. Foreign Minister Johann Wadephul announced the shuttering of …
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1 month ago
The devastating deluge that swept through the mountain valleys on the border between Nepal and Tibet in China is a potent reminder of a growing green-energy risk in one of the world’s most hazard-prone areas.Hydropower dams high in the Himalayas …
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1 month ago
A federal judge has ruled that J.M. Smucker can proceed with a lawsuit against Trader Joe’s over frozen sandwiches that Smucker claims are too similar to its Uncrustables. Smucker sued Trader Joe’s in federal court in Ohio last fall, claiming …
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1 month ago
Tokio Marine HCC – Cyber & Professional Lines Group Appoints Alva SVP of Underwriting to Lead Cyber Business Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in …
1 month ago
A new report highlights insurance industry employees’ growing negativity toward artificial intelligence job displacement, as sector employment dropped 21% year-over-year, and entry-level adjuster positions dropped 50% YoY. Glassdoor’s Employee Confidence Index for its broader AI Report hit a record 10-year …
1 month ago
The U.S. pressed G20 members on Tuesday to take a hands-off approach to AI regulation and avoid creating new rules for the technology at a gathering of industry titans and commerce ministers in North Carolina. The U.S. goals largely align …
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1 month ago
Pennsylvania-based Ignyte Insurance, a specialty insurance platform, has acquired InsureMyTrip, a travel insurance marketplace that helps travelers compare and purchase coverage from insurance providers. Terms of the transaction were not disclosed. Rhode Island-based InsureMyTrip reports it has served more than …
1 month ago
The California Assembly adjourned without passing a revamp of the state’s wildfire response, sending up shares in two key power utilities, PG&E Corp. and Edison International. The deal fell apart Tuesday as lawmakers prepared to leave the state capitol. Major …
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1 month ago
Medical service costs in California workers’ compensation rose 5% last year on the back of growth in both average payments and utilization, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its Medical Service Cost Trends …
1 month ago
Technology giant Apple Inc. has agreed to pay $150,000 and update its religious observance policy to settle a religious discrimination lawsuit filed on behalf of an Apple store employee who was denied a work accommodation so he could honor the …
1 month ago
Sunstar Insurance Group announced it has hired Tod Ashby as Chief Information Officer, where he will lead the company’s technology strategy, enterprise infrastructure and systems modernization as Sunstar continues to build the scalable platform needed to support its growth. In …
1 month ago
A Warren County, North Carolina man has been charged with insurance fraud for allegedly seeking an insurance payment from a restaurant where he claims he found cockroaches in his food. Investigators say it was one of four similar cockroach complaints …
1 month ago
Texas is mobilizing emergency response crews in anticipation of expected flash flooding from a now fully-formed tropical storm that forecasters predicted would hit the southeast part of the state on Tuesday. Federal forecasters elevated a tropical depression in the Gulf …
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1 month ago
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has launched Active Cyber Insurance for Enterprises in the UK, a solution designed to meet the complex cyber risk needs of large organizations. Following the announcement of Coalition’s expanded …
1 month ago
The Michigan Department of Insurance and Financial Services (DIFS) joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies. …
1 month ago
The insurance industry should be prepared to withstand $171 billion in insured catastrophe losses, on average in a given year, up $19 billion from a year ago, according to Verisk. In its highest annual estimate reported to date, the data …
L.S. Howard
1 month ago
Family Dollar Stores of North Carolina, LLC, a Matthews, North Carolina-headquartered retailer with a store in Greenville, violated federal law by refusing to provide a reasonable accommodation for an employee’s pregnancy-related limitations and then firing her, according to a lawsuit …
1 month ago
Small business focused insurtech Foxquilt said it has launched an admitted errors & omissions product with a rollout to 10 states starting in September. E&O is Foxquilt’s second admitted product in the U.S. along with commercial general liability. “E&O is …
1 month ago
Actress Blake Lively will get just over $400,000 of the $8 million she sought in legal costs from actor and director Justin Baldoni after they settled their fight over the production of their 2024 film “It Ends With Us,” a …
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1 month ago
Guy Carpenter, the reinsurance arm of Marsh, has been rebranded Marsh Re — retiring a name that has been in the insurance and reinsurance market for more than 100 years. “A new name for an expanded vision,” said the promotional …
L.S. Howard