California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire
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Description: California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County. The commissioner’s order shields those living within the …
Full content: California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County. The commissioner’s order shields those living within the …
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Category: West News
Date: Fri, 04 Oct 2024 20:28:44 +0000
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Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group
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Description: Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest in Europe to date, represents a strategically critical development …
Full content: Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest in Europe to date, represents a strategically critical development …
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Category: International & Reinsurance News
Date: Fri, 04 Oct 2024 16:41:57 +0000
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AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan
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Description: AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of “b+” (Marginal) of Farmers Mutual Insurance Company …
Full content: AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of “b+” (Marginal) of Farmers Mutual Insurance Company …
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Category: Midwest News
Date: Fri, 04 Oct 2024 16:27:55 +0000
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Tesla Recalls Over 27,000 Cybertrucks in Fifth Callback This Year
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Description: Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. This is the fifth recall issued by Tesla for 2024 …
Full content: Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. This is the fifth recall issued by Tesla for 2024 …
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Category: National News
Date: Fri, 04 Oct 2024 16:25:01 +0000
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Texas AG Sues TikTok For Violating State’s New Social Media Law
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Description: Texas Attorney General Ken Paxton sued TikTok on Thursday for sharing and selling minors’ personal information, violating a new state law that seeks to protect children who are active on social media, accusations that the company denied hours later. The …
Full content: Texas Attorney General Ken Paxton sued TikTok on Thursday for sharing and selling minors’ personal information, violating a new state law that seeks to protect children who are active on social media, accusations that the company denied hours later. The …
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Category: Texas / South Central News
Date: Fri, 04 Oct 2024 16:24:08 +0000
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People Moves: Ryan Specialty Underwriting Managers Appoints Leadership Team Members
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Description: Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Eric Quinn was promoted to executive vice president – capital and product strategy. Quinn joined RSUM through the acquisition of All Risks …
Full content: Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Eric Quinn was promoted to executive vice president – capital and product strategy. Quinn joined RSUM through the acquisition of All Risks …
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Category: Midwest News
Date: Fri, 04 Oct 2024 16:20:38 +0000
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Officials Identify Driver Who Crashed Into Texas Pipeline, Sparking Fire
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Description: The driver of a vehicle that crashed into a pipeline valve and sparked a four-day fire that forced the evacuation of nearby neighborhoods in a Houston suburb was a local 51-year-old man, according to police. Remains found in the SUV …
Full content: The driver of a vehicle that crashed into a pipeline valve and sparked a four-day fire that forced the evacuation of nearby neighborhoods in a Houston suburb was a local 51-year-old man, according to police. Remains found in the SUV …
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Category: Texas / South Central News
Date: Fri, 04 Oct 2024 16:18:55 +0000
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Live Nation Found Not Liable for Death of 3 Campers at Michigan Music Fest
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Description: BROOKLYN, Mich. (AP) — Concert promoter Live Nation isn’t responsible for the deaths of three young men who succumbed to carbon monoxide poisoning from a generator while camping at a Michigan music festival in 2021, the state appeals court said. …
Full content: BROOKLYN, Mich. (AP) — Concert promoter Live Nation isn’t responsible for the deaths of three young men who succumbed to carbon monoxide poisoning from a generator while camping at a Michigan music festival in 2021, the state appeals court said. …
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Category: Midwest News
Date: Fri, 04 Oct 2024 16:14:11 +0000
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Africa Specialty Risks Begins Operating as Lloyd’s Service Company
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Description: Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service company. As a Lloyd’s service company, ASR’s UK based entity, Africa Specialty Risks Ltd. (ASR Ltd.), is underwriting on behalf …
Full content: Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service company. As a Lloyd’s service company, ASR’s UK based entity, Africa Specialty Risks Ltd. (ASR Ltd.), is underwriting on behalf …
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Category: International & Reinsurance News
Date: Fri, 04 Oct 2024 15:35:15 +0000
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Rebuild or What? Florida Towns Hit Three Times by Hurricanes Face Tough Choice
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Description: HORSESHOE BEACH, Fla. (AP) — It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing village of Horseshoe Beach in August 2023. …
Full content: HORSESHOE BEACH, Fla. (AP) — It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing village of Horseshoe Beach in August 2023. …
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Category: Southeast News
Date: Fri, 04 Oct 2024 14:43:38 +0000
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Becton Dickinson Hernia-Mesh Settlements Will Exceed $1 Billion
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Description: Becton Dickinson & Co. will pay more than $1 billion to resolve more than 38,000 lawsuits alleging medical patients suffered damaged organs from surgical mesh improperly used to treat hernias, according to people familiar with the deal who weren’t authorized …
Full content: Becton Dickinson & Co. will pay more than $1 billion to resolve more than 38,000 lawsuits alleging medical patients suffered damaged organs from surgical mesh improperly used to treat hernias, according to people familiar with the deal who weren’t authorized …
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Category: National News
Date: Fri, 04 Oct 2024 14:11:00 +0000
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Pennsylvania Supreme Court Yanks Dentist’s COVID Insurance Coverage Win
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Description: The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for insurance coverage for loss of use of his offices due to the COVID-19 pandemic. The high court concluded in a case involving CNA and Valley …
Full content: The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for insurance coverage for loss of use of his offices due to the COVID-19 pandemic. The high court concluded in a case involving CNA and Valley …
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Category: East News
Date: Fri, 04 Oct 2024 13:36:46 +0000
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NC Town That Produces Quartz for Tech Products is Devastated by Helene
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Description: SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …
Full content: SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …
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Category: Southeast News
Date: Fri, 04 Oct 2024 12:57:02 +0000
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Helene-Soaked Florida Faces New Threat: Up to a Foot of Rain
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Description: One week after Hurricane Helene barreled ashore, Florida is bracing for another round of heavy rainfall and strong winds from a tropical system brewing in the Atlantic. The potential storm could bring as much as a foot of rain to …
Full content: One week after Hurricane Helene barreled ashore, Florida is bracing for another round of heavy rainfall and strong winds from a tropical system brewing in the Atlantic. The potential storm could bring as much as a foot of rain to …
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Category: Southeast News
Date: Fri, 04 Oct 2024 12:45:11 +0000
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Helene’s Flooding a Reminder of Appalachia’s Growing Risk From Violent Storms
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Description: HENDERSONVILLE, N.C. (AP) — Hurricane Helene dumped trillions of gallons of water hundreds of miles inland, devastating communities nestled in mountains far from the threat of storm surge or sea level rise. But that distance can conceal a history of …
Full content: HENDERSONVILLE, N.C. (AP) — Hurricane Helene dumped trillions of gallons of water hundreds of miles inland, devastating communities nestled in mountains far from the threat of storm surge or sea level rise. But that distance can conceal a history of …
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Category: Southeast News
Date: Fri, 04 Oct 2024 12:33:21 +0000
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Massachusetts Governor Healey Names Caljouw as Insurance Commissioner
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Description: Massachusetts Governor Maura Healey announced the appointment of Michael T. Caljouw as state’s new insurance commissioner. Caljouw comes to DOI with 33 years of experience in insurance law and policy in the state, including most recently as government affairs vice …
Full content: Massachusetts Governor Maura Healey announced the appointment of Michael T. Caljouw as state’s new insurance commissioner. Caljouw comes to DOI with 33 years of experience in insurance law and policy in the state, including most recently as government affairs vice …
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Category: East News
Date: Fri, 04 Oct 2024 11:50:47 +0000
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Shipping Containers Are Regularly Lost at Sea. What Happens When They Burst Open?
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Description: Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs …
Full content: Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs …
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Category: International & Reinsurance News
Date: Fri, 04 Oct 2024 11:13:50 +0000
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Antarctica Had Less Winter Sea Ice in 2024 Than Any Year Except 2023
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Description: Antarctic sea ice at its annual peak this year covered the second-lowest area on record. It was just shy of last year’s record low, continuing what scientists fear is a trend caused by climate change. The ice covered 17.16 million …
Full content: Antarctic sea ice at its annual peak this year covered the second-lowest area on record. It was just shy of last year’s record low, continuing what scientists fear is a trend caused by climate change. The ice covered 17.16 million …
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Category: International & Reinsurance News
Date: Fri, 04 Oct 2024 08:53:34 +0000
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Taiwan Reopens, Clearing Up Damage After Typhoon Krathon
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Description: Southern Taiwan worked on Friday to clear up damage from flooding and high winds after Typhoon Krathon slammed into a major port city, while most of the rest of the island resumed work and financial markets re-opened. Krathon, now downgraded …
Full content: Southern Taiwan worked on Friday to clear up damage from flooding and high winds after Typhoon Krathon slammed into a major port city, while most of the rest of the island resumed work and financial markets re-opened. Krathon, now downgraded …
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Category: International & Reinsurance News
Date: Fri, 04 Oct 2024 07:45:18 +0000
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US Dockworkers Suspend Three-Day Strike After Contract Extension
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Description: US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and threatened to become a factor in the presidential election. The International Longshoremen’s Association and the US Maritime Association extended their …
Full content: US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and threatened to become a factor in the presidential election. The International Longshoremen’s Association and the US Maritime Association extended their …
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Category: National News
Date: Fri, 04 Oct 2024 07:07:25 +0000
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Softbank Says Credit Suisse to Blame For Fund’s $440 Million Greensill Loss
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Description: Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of the investor losses tied to the collapse of Greensill Capital. In the latest stage of the long-running dispute, Softbank said …
Full content: Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of the investor losses tied to the collapse of Greensill Capital. In the latest stage of the long-running dispute, Softbank said …
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Category: International & Reinsurance News
Date: Fri, 04 Oct 2024 06:46:38 +0000
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FEMA Doesn’t Have Enough Funding to Last Through Hurricane Season, Mayorkas Warns
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Description: The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters Wednesday. The agency is being stretched as it works with states …
Full content: The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters Wednesday. The agency is being stretched as it works with states …
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Category: National News
Date: Fri, 04 Oct 2024 06:28:40 +0000
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The Chief Artificial Intelligence Officer: Leading AI Innovation and Risk Management
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Description: Generative artificial intelligence (AI) has emerged as a new technology with the potential to completely reshape business practices and create new avenues for innovation. It will significantly impact virtually every industry sector. Organizations have rushed to embrace it, as evidenced …
Full content: Generative artificial intelligence (AI) has emerged as a new technology with the potential to completely reshape business practices and create new avenues for innovation. It will significantly impact virtually every industry sector. Organizations have rushed to embrace it, as evidenced …
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Category: National News
Date: Fri, 04 Oct 2024 05:16:09 +0000
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AccuWeather Increases Estimate of Helene’s Economic Loss to $225B-$250B
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Description: AccuWeather has increased its estimate of the total damage and economic loss from Hurricane Helene in the U.S. to between $225 billion and $250 billion. The range makes Hurricane Helene one of the most damaging and impactful storms in U.S. …
Full content: AccuWeather has increased its estimate of the total damage and economic loss from Hurricane Helene in the U.S. to between $225 billion and $250 billion. The range makes Hurricane Helene one of the most damaging and impactful storms in U.S. …
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Category: National News
Date: Fri, 04 Oct 2024 05:14:51 +0000
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Nowhere in America Is Safe From Climate-Fueled Storms and Fires
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Description: Forecasters had warned for days that Hurricane Helene was likely to cause widespread devastation. But when the powerful storm struck Florida and barreled through the eastern US last week, killing more than 180 people and taking whole communities offline, it …
Full content: Forecasters had warned for days that Hurricane Helene was likely to cause widespread devastation. But when the powerful storm struck Florida and barreled through the eastern US last week, killing more than 180 people and taking whole communities offline, it …
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Category: National News
Date: Fri, 04 Oct 2024 05:06:20 +0000
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WCIRB Summarizes 2024 California Workers’ Comp Legislation
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Description: The Workers’ Compensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …
Full content: The Workers’ Compensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …
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Category: West News
Date: Fri, 04 Oct 2024 05:00:47 +0000
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Maryland Approves $2.75 Million Settlement in State Police Discrimination Case
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Description: Maryland officials approved a $2.75 million settlement on Wednesday to resolve a federal investigation into discriminatory hiring practices affecting Black and female applicants to the Maryland State Police. The settlement, approved by the Maryland Board of Public Works, will include …
Full content: Maryland officials approved a $2.75 million settlement on Wednesday to resolve a federal investigation into discriminatory hiring practices affecting Black and female applicants to the Maryland State Police. The settlement, approved by the Maryland Board of Public Works, will include …
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Category: East News
Date: Fri, 04 Oct 2024 05:00:40 +0000
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Lawsuit Filed Over Road Rage Shooting by Off-Duty Police Officer
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Description: The family of a man who was left permanently disabled after he was shot in the head during a road rage encounter in New Jersey, allegedly by an off-duty New York City police officer, has filed a lawsuit against the …
Full content: The family of a man who was left permanently disabled after he was shot in the head during a road rage encounter in New Jersey, allegedly by an off-duty New York City police officer, has filed a lawsuit against the …
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Category: East News
Date: Fri, 04 Oct 2024 05:00:33 +0000
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$8.7M in Whistleblower Case for California Woman Who Talked with Auditors
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Description: Tamara Evans found something fishy in the expenses filed by a San Diego contractor for the state’s police certification commission. Classes were reported as full to her employer, the Commission on Peace Officer Standards and Training, even if they weren’t. …
Full content: Tamara Evans found something fishy in the expenses filed by a San Diego contractor for the state’s police certification commission. Classes were reported as full to her employer, the Commission on Peace Officer Standards and Training, even if they weren’t. …
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Category: West News
Date: Fri, 04 Oct 2024 05:00:29 +0000
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Washington Paper Mill Fined Nearly $650K in Machine Operator Death
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Description: The Washington State Department of Labor & Industries cited and fined a mill operator in Camas following an investigation into the death of a worker who was crushed by a packing machine that had no safety guards in place. The …
Full content: The Washington State Department of Labor & Industries cited and fined a mill operator in Camas following an investigation into the death of a worker who was crushed by a packing machine that had no safety guards in place. The …
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Category: West News
Date: Fri, 04 Oct 2024 05:00:27 +0000
Local date: Fri, 04 Oct 2024 05:00:27 +0000
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