People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names Liberty Mutual’s Fink as Chief Marketing Officer
Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the Cyber Practice for North America and …
Markets/Coverages: Falvey Launches Commercial Output Insurance
Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s inland marine managing general agency (MGA), the …
Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation
Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking down the 2022 law. “This law, as Florida concedes, draws its distinctions based …
Many Texas Panhandle Homes Burned in Wildfires Weren’t Insured
FRITCH — Many Panhandle residents whose dwellings and possessions burned in the region’s ongoing wildfires may never financially recover for one simple reason: Their homes weren’t insured. “A lot of the people who have lost a home had no insurance,” …
Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash
Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft …
Lawsuit Claims Isolation and Abuse at Wyoming Boys School
Staff at Wyoming’s state youth detention facility locked juveniles in solitary confinement for weeks at a time, repeatedly buckled one in a restraint chair for up to 12 hours a day and poked fun at another while withholding the leg …
Physician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack
Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the hack of UnitedHealth’s Change Healthcare unit. The AMA said the cyberattack …
Berkshire Unit Added to Lawsuit Over Inflated Real Estate Commissions
A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of conspiring to keep real estate commissions artificially high nationwide. The complaint filed in a Kansas City, …
6 Firefighters Injured in Collision of 2 Firetrucks Heading to Burning House
Authorities say a collision between two firetrucks responding to a blaze in northeastern Pennsylvania injured six firefighters. Officials in Luzerne County say a rescue truck from Valley Regional Fire and Rescue collided with a ladder truck from Hazle Township just …
Volkswagen Faces Pair of Lawsuits Over Claim Porsche EV Battery Sparked Ship Fire
Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that triggered the 2022 fire onboard a massive cargo ship that eventually sank with thousands of cars on board. One …
Houthi Missile Damages MSC Container Ship in Gulf of Aden
Houthi militants attacked and damaged a Swiss-owned container vessel on Monday in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region. The MSC Sky II, managed by MSC Mediterranean Shipping Co., was about 91 …
AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting
AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first announced in December that it had secured in-principle approval from Lloyd’s to establish a new syndicate that will focus on …
Former Twitter Execs Sue Elon Musk for Over $128M in Severance
Four former top Twitter executives, including former CEO Parag Agrawal, have sued Elon Musk for over $128 million in combined unpaid severance, according to a lawsuit filed on Monday. The lawsuit, filed in federal court in San Francisco, is the …
NTSB: Engine Oil Warnings Sounded Just Before Jet Crashed on Florida Interstate
ST. PETERSBURG, Fla. (AP) — Moments before the deadly crash of a charter jet on a Florida highway, three warnings about oil pressure problems in its two engines sounded, the National Transportation Safety Board said in a preliminary report Tuesday. …
Insurer CEO Warns Limits on Cancellations Will Deter Carriers From Florida Market
The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that bills that would limit some policy cancellations and nonrenewals after storm damage could do more harm than good. “It absolutely …
Insurance Agent Pleads Guilty, Will Testify in Bribery Case Against Senator Menendez
A former New Jersey insurance agent has agreed to a deal with prosecutors under which he will testify in the federal corruption case against U.S. Senator Bob Menendez. In federal court in Manhattan last Friday, Jose Uribe pleaded guilty to …
New Jersey City That Limited Street Parking Hasn’t Had a Traffic Death in 7 Years
Street parking was already scarce in Hoboken, New Jersey, when the death of an elderly pedestrian spurred city leaders to remove even more spaces in a bid to end traffic fatalities. For seven years now, the city of nearly 60,000 …
Experts Say California to Be Drought-Free Through 2025 Following Winter Storms
AccuWeather meteorologists say California will be free of widespread drought through the end of 2025 on the heels of a blizzard that dumped more than 80 inches of snow on the mountains of northern and central California. Back-to-back wet and …
IMA Acquires RiskPoint in Pacific Northwest
IMA Financial Group acquired RiskPoint Insurance Advisors LLC in the Pacific Northwest. With the transaction, k.p.d. Insurance and JL Jones and Associates will join RiskPoint in rebranding as IMA companies and expanding IMA’s presence in the Pacific Northwest. RiskPoint was …
Jury Awards $72.5M to Woman Paralyzed When Struck by New York City Bus
A Florida woman who says she was struck and dragged by a New York City bus and left partially paralyzed has been awarded $72.5 million in her lawsuit against the city’s transit agency. A city jury found in favor of …
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