Bumble Faces Penalty for Failing to Disclose If Its Dating App Suitors Include Criminals
Texas-based internet dating service provider Bumble, Inc. will pay $315,000 and change its business practices to settle allegations it violated New Jersey’s consumer protection and internet dating safety laws by misrepresenting or failing to disclose its criminal background screening policies …
Texas Governor Names Ladner Chair, Appoints Houston To Risk Management Board
Texas Governor Greg Abbott has appointed Jeffrey Houston to the Risk Management Board for a term set to expire on February 1, 2025. Additionally, the Governor named Gerald Ladner, Sr. chair of the board. The Board coordinates, monitors, and directs …
Louisiana Lawmakers Push for Tougher Penalties in Response to Surge in Carjackings
BATON ROUGE, La. (AP) — In the moments before Linda Frickey was dragged to her death during a fatal carjacking, the 73-year-old had been sitting in her parked vehicle in New Orleans when she was surrounded by four teenagers. The …
People Moves: VIAA Names Drda Alliance Coordinator; Alliant Names Cohan Employee Benefits Group VP in Kansas City
VIAA Names Drda Alliance Coordinator Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, hired David Drda as an alliance coordinator. Drda has 12 years of insurance industry experience, previously …
NC Insurance Agent with Multiple Businesses Pleads Guilty to Tax Evasion
A North Carolina insurance agent has pleaded guilty to tax evasion and could face up to five years in prison and a $250,000 fine, a federal prosecutor said Wednesday. Arturo Barcenas Gonzalez, is owner of Barcenas Insurance Agency and Barcenas …
Oklahoma Captive Insurance Program Achieves 31% Net Gain in 2023
Oklahoma’s captive insurance program reported a 31% net gain in 2023, the Oklahoma Insurance Department said. OID issued 20 new licenses in 2023 with six dissolutions, resulting in a net gain of 14 new captive insurers. Oklahoma’s total number of …
City of Chicago Sues Oil and Gas Corporations for Climate Change Deception
The City of Chicago is suing six oil and gas corporations and their largest trade association for deceiving Chicago consumers about the climate change dangers associated with their products, mayor Brandon Johnson announced this week. The city filed a nearly …
Nonprofits Ensnared in Georgia Push to Restrict Bail Funds
ATLANTA (AP) — When she was behind bars in Georgia, Nia Thomas would use toothpaste to stick handwritten flyers to the wall and spread the word about community bail funds that could pay inmates’ bonds, no strings attached. “I was …
Biden Approves Disaster Declaration for North Dakota December Ice Storm
BISMARCK, N.D. (AP) — President Joe Biden has approved North Dakota Gov. Doug Burgum’s request for a major disaster declaration related to a Christmastime ice storm that toppled power lines and left thousands of people without power. Burgum’s office announced …
Fire Mitigation Industry Terror: NYC Gang Member Convicted of Extortion, Racketeering
A gang member who ran a fire restoration company has been convicted of using violence, threats of violence, and extortion to terrorize and dominate the fire restoration industry in New York City. After presiding over a two-week bench trial in …
Nevada Issues First License for Recreational Cannabis Lounge in Las Vegas
Nevada regulators have issued the first license to operate a lounge where cannabis can be consumed recreationally, marking the first of what are expected to be dozens of such operations. The state Cannabis Compliance Board announced that the license was …
Insurtech Root Inc. Results Improve but Remain at a Net Loss
Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and …
That’s Gonna Leave a Mark: Large-Hail Days Hit Two-Decade High in 2023
Hail of two inches or greater struck the United States on 141 days last year — the highest number of annual days in two decades, according to a new CoreLogic report. Severe convective storms generated “an unprecedented amount of insured …
Vermont Seeks Federal Disaster Declaration for December Flooding
Vermont Gov. Phil Scott has requested a federal major disaster declaration to help communities hit by severe rainfall and flooding in December. Such a declaration would allow municipalities to be reimbursed for 75% of eligible costs, such as debris removal, …
People Moves: Aon Promotes Goosen as Head of Professional Services, London Global Broking Centre; Mason Named Chief Exec of London’s Electronic Trading Platform PPL
This edition of International People Moves details appointments at Aon and the London market’s electronic trading platform, PPL. A summary of these new hires follows here. Aon Promotes Goosen as Head of Professional Services, London Global Broking Centre Insurance broker …
Australian Iron Ore Port Starts Clearing Ships Ahead of Cyclone
A major port on Australia’s west coast used by Rio Tinto Group to export iron ore has started clearing ships from the harbor ahead of a cyclone that’s expected to form early Friday. All port anchorages are expected to be …
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback
Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of a global pandemic, wars and climate disasters. Operating profit …
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16%
France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing its client base, automating processes and reducing labor costs. The new three-year plan, dubbed “Unlock the Future” — Thomas Buberl’s …
China Cargo Ship Smashes Through Bridge Sending Vehicles Into River: Reports
A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died and three others were missing after the accident Thursday in Guangzhou, state-run Global Times said on X, formerly known as …
Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024
Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month. The insurtech’s Cyber Threat Index 2024 detailed cybersecurity trends from …
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