January 21, 2022
Fri, 21 Jan 2022 16:40:33 +0000
American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. Cal...
Fri, 21 Jan 2022 16:40:31 +0000
The Army Corps of Engineers will be getting $2.6 billion for Louisiana under the infrastructure and supplemental disaster acts, Gov. John Bel Edwards said Jan. 19. The disaster bill to help recovery from Hurricane Ida includes over $2 billion for …
Fri, 21 Jan 2022 16:34:21 +0000
People should get back to the office to benefit from in-person collaboration because the world must learn to live with the coronavirus after a pandemic that has wiped trillions of dollars off global output, Britain’s business minister said on Friday. …
Fri, 21 Jan 2022 16:22:54 +0000
Meta Platforms Inc. and Snap Inc. are to blame for the suicide of an 11-year-old girl who was addicted to Instagram and Snapchat, the girl’s mother alleged in a lawsuit. The woman claims her daughter Selena Rodriguez struggled for two …
Fri, 21 Jan 2022 16:12:32 +0000
San Diego police have determined the causes of death of a 40-year-old woman and her 2-year-old son who plunged from the third level of San Diego’s Petco Park, just as thousands of baseball fans were heading inside for a Padres …
Fri, 21 Jan 2022 16:12:24 +0000
Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil, documents seen by Reuters show. Co...
Fri, 21 Jan 2022 16:00:54 +0000
As a fast-moving wildfire spread in suburban Denver, an emergency responder warned Edna Nadine Turnbull to evacuate. But the 91-year-old went back inside her home to rescue her dogs. Turnbull and her pets were never seen again. Authorities said Wednesd...
Fri, 21 Jan 2022 15:58:05 +0000
The Los Angeles Unified School District agreed to pay $14.7 million to seven former students at an elementary school who claim their teacher sexually abused them several years ago. Rene Tenas, who taught fourth grade at Hart Street Elementary, was …
Fri, 21 Jan 2022 14:57:50 +0000
Gov. Ned Lamont and Connecticut’s health care exchange announced plans Wednesday to launch a training program for licensed independent insurance brokers in the state’s three largest cities. James Michel, the chief executive of Access Health CT, said on...
Fri, 21 Jan 2022 14:54:21 +0000
Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan. 1, 2022, Aspen has joined an ...
Fri, 21 Jan 2022 14:52:49 +0000
The weekend storm that brought rain and snow to much of New Jersey also caused significant erosion to a Jersey Shore beach that was already in the process of being widened. Now, federal and state officials are trying to determine …
Fri, 21 Jan 2022 14:35:38 +0000
Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs, restaurants and bakery chains over lockdown losses, starts hitting London’s courts next week. Zurich, MS Amlin, Liber...
Fri, 21 Jan 2022 13:30:24 +0000
This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Gallagher Re and Chubb. A summary of these new hires follows here. Muñiz Named GC&C’s Head of Construction & Green Energy Generali Global...
Fri, 21 Jan 2022 12:11:36 +0000
The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a “sophisticated” hack. The cyberattack targeted a contractor in Switzerland that stores Red Cross data. There’s no indication yet tha...
Fri, 21 Jan 2022 12:00:56 +0000
A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is challenging a November 2020 judgment in favor …
Fri, 21 Jan 2022 10:52:22 +0000
Network operators of critical Canadian infrastructure should boost their defenses against Russian state-sponsored threats, Canada’s signals intelligence agency said on Thursday. The warning from the Communications Security Establishment (CSE) is the la...
Fri, 21 Jan 2022 08:15:48 +0000
Columbus, Ohio-based Insurtech battleface has added vacation rental damage to their benefit options. The new product provides insured travelers with protection against covered losses while staying in a vacation rental. battleface’s vacation rental dama...
Fri, 21 Jan 2022 08:07:14 +0000
Texas’ attorney general on Jan. 19 sued Google, alleging the company asked local radio DJs to record personal endorsements for smartphones that they hadn’t used or been provided. In the lawsuit filed in Montgomery County, Republican Attorney General Ke...
Fri, 21 Jan 2022 08:00:25 +0000
A financial payout for more than 1,000 people _ mostly men _ who say they were sexually assaulted by former University of Michigan sports doctor Robert Anderson is the latest multimillion settlement involving schools faced with sexual misconduct scanda...
Fri, 21 Jan 2022 06:10:08 +0000
A man gets assaulted at work by two co-workers. Is the man’s recourse for his injuries limited only to the exclusive remedy of the workers’ compensation system? The Mississippi Supreme Court this month said, “yes,” despite the employee’s claims of …
Fri, 21 Jan 2022 06:07:47 +0000
Wright Flood, which offers a number of flood insurance products, announced that Angie LaTour has been hired as vice president of sales and marketing. LaTour has 27 years’ experience in property and casualty insurance, including flood, auto, home and co...
Fri, 21 Jan 2022 06:05:22 +0000
The 2022 Florida Senate has passed its first bill that affects insurance companies, but the measure has little to do with losses, rates or litigation costs. On Wednesday, by a vote of 35-0, the chamber approved Senate Bill 7016, which …
Fri, 21 Jan 2022 06:00:45 +0000
Two nonprofit bodies, Consumer Reports and the Insurance Institute for Highway Safety (IIHS), said separately on Thursday they are reviewing safeguards put in place by automakers for vehicles with partial automation. The announcements come amid scrutin...
Fri, 21 Jan 2022 06:00:24 +0000
Former insurance agent Blanca Lidia Guzman, 40, of Palmdale, California, was sentenced in Los Angeles County Superior Court on Wednesday on one felony count of grand theft after pleading no contest for defrauding consumers. Guzman reportedly stole more...
Fri, 21 Jan 2022 06:00:19 +0000
More than 450 scientists on Wednesday called on the executives of major advertising and public relations firms to drop their fossil fuel clients and stop what the scientists said was their spread of disinformation around climate change. They sent a …
Fri, 21 Jan 2022 06:00:15 +0000
Pennsylvania’s state Senate passed a package of legislation on Wednesday aimed at preventing data security breaches and requiring victims and law enforcement officials to be notified when they do happen. The bills’ passage comes barely two weeks after ...
Fri, 21 Jan 2022 00:01:38 +0000
A wildfire in a central Texas state park is no longer growing and no injuries were reported after the blaze, suspected to have been caused by a prescribed burn, charred 1.2 square miles (3.2 square kilometers), officials said. Texas A&M …
Thu, 20 Jan 2022 21:54:37 +0000
Two-thirds of executives say their companies are “very concerned” about climate change, and 79% believe the world is at “a climate change tipping point,” according to the recently released Deloitte 2022 CxO Sustainability Report. Deloitte polled more t...
Thu, 20 Jan 2022 17:48:01 +0000
Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches after the 2010 BP oil spill in the Gulf of Mexico, a federal appeals court decided Wednesday. In …
Thu, 20 Jan 2022 17:27:35 +0000
Alera Group, a national insurance and wealth services firm, has acquired Amarillo, Texas-based Heritage Risk Management, a network of independent risk management agencies which serve clients throughout Texas, Oklahoma, Colorado and New Mexico. Heritage...