FBI: Alaska Airlines Passengers Told They Might Be Crime Victims
The FBI has told passengers on the Alaska Airlines Boeing 737 Max that lost a door-plug panel in midflight that they might be victims of a crime. “I’m contacting you because we have identified you as a possible victim of …
Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020
A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomings highlighted by the …
Acrisure Creates New England Region With Plunkett as Managing Partner
Acrisure announced the formation of its New England region, encompassing its businesses in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Acrisure’s New England presence includes 27 office locations, with nearly 400 employees serving more than 57,000 customers. The …
Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality
As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year are still burning — with some …
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns
As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff, a figure …
Titanic Law Helps Ship Owner Limit Bridge Collapse Liability
The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network into chaos. But …
SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies
The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they call overreach. The SEC, which sought the …
Viewpoint: Is IRS Abusing its Authority in Micro-Captives Investigations?
Editor’s note: Captive insurance programs have blossomed in a number of Southern states in recent years, including Tennessee and North Carolina. But new questions have been raised about whether some micro-captives are used as tax shelters, and about the IRS …
NC High Court Strikes Down Compensability of Weight-Loss Surgery, Adopts Strict Test
The North Carolina Supreme Court has undone rulings by an appeals court and the state’s Industrial Commission that had granted workers’ compensation insurance payments for a woman’s weight-loss surgery. And in doing that, the high court formally adopted a multi-factor …
Participate in the Annual Young Agents Opinion Survey: Last Call
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …
Chubb: Middle Market Companies Post Record Gains
Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last six months of 2023 — the …
Musk’s X Corp. Loses Lawsuit Against Hate Speech Watchdog
A U.S. judge on Monday threw out Elon Musk’s lawsuit against a nonprofit group that faulted him for allowing a rise in hate speech on his social media platform X, formerly Twitter. U.S. District Judge Charles Breyer in San Francisco …
Consumers Sue Apple, Taking Page From US Justice Department Lawsuit
Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping antitrust case lodged by the U.S. Justice Department and 15 states last week. At least three …
Stacking Cracks: 30 Years of UIM Coverage Rules are Wrong, NC Supreme Court Says
North Carolinians can no longer stack underinsured motorist policies to compare to liability limits in order to boost the amount of coverage in an accident, the state Supreme Court said last week in a decision that overturns 30 years of …
US, UK Accuse China of Cyberespionage That Hit Millions of People
U.S. and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly hit millions of people including lawmakers, academics and journalists, and companies including defense contractors. Authorities on both sides of the …
People Moves: Aspire in California Names McQuaid VP of Product; CWCI Elects 2024 Board of Directors
Aspire Appoints McQuaid VP of Product Aspire General Insurance, headquartered in Cucamonga, California, named Pam McQuaid vice president of product. McQuaid has more than 25 years of extensive experience in insurance product management. She comes from Liberty Mutual/Safeco, where she …
Couple Alleging Racial Bias in Home Appraisal Settles With Lender
A Black couple who claimed mortgage lender loanDepot denied a refinancing of their mortgage because it relied upon a racially biased, considerably low appraisal of their Baltimore home have agreed to a legal settlement in which the lender vows to …
Residents Await Explanation After Small Maryland Town Suspends Entire Police Force
A small town on Maryland’s Eastern Shore has suspended its entire police force pending the results of an investigation by state prosecutors, a largely unexplained decision that has left residents shocked, skeptical and on edge. The unusually harsh crackdown on …
Maine Approves 19% Drop in Workers’ Compensation Loss Costs Starting Next Month
Newly-installed Maine Insurance Superintendent Robert Carey announced approval of an average workers’ compensation insurance loss cost decrease of 19%. The new loss costs go into effect for new and renewing policies as of April 1, 2024. Carey said that if …
Nevada Casino Settles for $500K for Incidents Involving Security Officers
Nevada gambling regulators fined a hotel-casino in Laughlin a record $500,000 in a settlement with the state Gaming Control Board stemming from a pair of incidents involving security officers who roughed up a patron and a resort employee nearly two …
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