NAIC Adopts Climate Resilience Strategy to Close Coverage Gaps, Improve Recovery
To assist property insurers in reducing losses and speeding up recovery from natural disasters, the National Association of Insurance Commissioners’ (NAIC) adopted the first-ever National Climate Resilience Strategy for Insurance. Developed under the coordination of the NAIC’s Climate and Resiliency …
US Senate Votes to Reject Rule to Cut Greenhouse Gas Emissions on Highways
The U.S. Senate on Wednesday passed a resolution that would overturn a federal agency’s rule requiring states to measure and set declining targets for greenhouse gas emissions from vehicles using the national highway system. The Federal Highway Administration rules were …
Europe’s Wildfires in 2023 Were Among Worst This Century: Report
The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published on Wednesday. Last year, more than half a million (504,002) hectares, an area twice the size of Luxembourg, was scorched …
FTC Asks Congress for Authority Over Its Own Consumer Cases
The US Federal Trade Commission is asking Congress to change the law so it can handle its own privacy settlements and other consumer protection cases that it’s currently forced to refer to the Justice Department. The DOJ has been slow-walking …
Florida Public Adjuster, Renter Charged with Filing Claim on Rental Home
Florida authorities have charged a public adjuster and a rental property tenant with fraud after they allegedly falsified documents, filed a false claim and received a check from Scottsdale Insurance Co., a Nationwide surplus lines subsidiary. The Florida Department of …
Probe Underway of Fatal Crash Inolving Ford Mustang With Assisted Driver System
The U.S. National Transportation Safety Board (NTSB) said on Wednesday it was opening an investigation into a March 3 fatal crash between a Ford F.N Mustang Mach-E and two stationary cars on the I-95 interstate highway in Philadelphia. In March, …
US Investigators Interview Cargo Ship Personnel in Maryland Bridge Collapse
U.S. National Transportation Safety Board chair Jennifer Homendy said at a Senate hearing Wednesday that investigators had conducted interviews with key cargo ship personnel in the investigation of the March 26 Baltimore bridge collapse. The Dali cargo ship crashed into …
Alliant Insurance Services Acquires Vinsa Insurance Associates in California
Alliant Insurance Services acquired Vinsa Insurance Associates within its Alliant Public Entity division, expanding its footprint in California. Based in Lancaster, California, Vinsa is an independent property/casualty insurance agency that specializes in providing insurance coverage services for commercial and personal …
Oregon Schools Sued for $9M After Young Girl Allegedly Raped
A young girl and her guardian have sued an Oregon nonprofit organization, Portland Public Schools and Multnomah County for $9 million, alleging they were negligent when male classmates sexually abused her at school and raped her during an after-school program …
People Moves: IC International Appoints Kim VP; WCF Promotes Riedley to SVP and Curtis to CUO, Small Business; Island Insurance Promotes Onofrietti and Chong
IC International Appoints Kim Vice President IC International, headquartered in Honolulu, appointed Nova Kim as vice president. Kim oversees the execution of IC International strategy and provides oversight of daily operations. Kim has more than 30 years of experience in …
County Prosecutor Accused of Misusing Insurance Funds Resigns, Denies Wrongdoing
The top prosecutor in a northwestern New Jersey county has resigned amid a state probe into allegations that the office lied about caseloads to pad its budget with state money meant for fraud investigations. James Pfeiffer, who had been the …
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
Antares Global, the multinational group of insurance and related service companies, announced that Antares Syndicate 1274 has launched a consortium for the underwriting of credit and political risk insurance. The maximum line for the consortium initially will be $40 million. …
Texas DWC Accepting Comments on Routine Rule Changes
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) sent out a notice to workers’ compensation system participants that it will review all sections in the following chapters in Title 28, Texas Administrative Code: Chapter 120 (Compensation Procedure–Employers); Chapter …
Two Oklahoma Firefighters Injured Battling Wildfire That Prompted Evacuations
MOORELAND, Okla. (AP) — Two Oklahoma volunteer firefighters are recovering after suffering burns battling a weekend wildfire in northwest Oklahoma, officials said. Mooreland firefighters Jared Brittain and Max Clark suffered injuries on Saturday when their truck was overrun by flames, …
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
This edition of International People Moves details appointments at AXIS Global Markets and Newline Europe. A summary of these new hires follows here. AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor AXIS Capital Holdings Ltd. announced …
People Moves: Leif Assurance Hires Sanfilippo as Construction Risk Advisor
Leif Assurance, headquartered in St. Louis, hired Vincent Sanfilippo as a Construction Risk Advisor. Sanfilippo has more than 15 years of experience in insurance and construction. He most recently served as operations manager at Parker Land Group and previously served …
Detroit Landlord to Pay $190K to Settle Claims of Sexual Harassment
DEARBORN HEIGHTS, Mich. (AP) — A suburban Detroit landlord has agreed to pay $190,000 to settle allegations of sexual harassment against women who lived in his buildings or were prospective tenants, the federal government said Monday. The U.S. Justice Department …
Truck Driver Fatally Shot in Confrontation With Police Officer in Michigan
ST. JOSEPH TOWNSHIP, Mich. (AP) — The driver of a semitrailer-truck rammed a police vehicle in southwestern Michigan, crashed it into a home, tried to flee and was fatally shot by an officer, officials said. St. Joseph Township officers responded …
Small Businesses Hurt by Maryland Bridge Collapse Are Eligible for Disaster Loans
The Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury Disaster Loans of up to $2 million“The SBA joins the …
Help Wanted: Alabama DOI Seeks Proposals on Actuarial, Examination Services
The Alabama Department of Insurance is seeking requests for proposals for a range of professional services, including actuarial, accounting, insurer examination, market conduct and investment examination work. The department said in a bulletin Wednesday that contracts will be awarded for …
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