Man Charged After Claiming Deer Damage in What Was Actually a Fatal Hit-and-Run
From North Carolina to Florida, insurance fraud investigators have been busy the last few weeks, leading to the arrests of firefighters, alleged auto-crash stagers, and a man who reportedly filed a claim after his car killed a pedestrian. In Mooresville, …
New Hampshire Motorists Warned of Licensing and Traffic Violation Scam
New Hampshire Attorney General John M. Formella is alerting residents to an active scam targeting consumers through fraudulent text messages falsely claiming to be from the the state’s Division of Motor Vehicles (DMV). According to Formella, the Consumer Protection and …
AM Best Downgrades Nonprofits Insurance Alliance Members
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a+” (Excellent) of the Vermont and California members of Nonprofits Insurance Alliance Group. …
Inszone Insurance Acquires Denver West Insurance Brokers
Inszone Insurance Services acquired Denver West Insurance Brokers in Golden, Colorado. Denver West Insurance Brokers will retain the same office and team members. Founded in 2003 by Tina Kiel, Denver West Insurance Brokers is a provider of commercial, personal and …
Tom Bodett Keeps the Legal Light on Motels 6’s Use of Name, Voice After Checkout
Tom Bodett, known for his radio and TV ads telling travelers that at Motel 6 “we’ll leave the light on for you,” has sued the motel chain for using his name and voice without permission, after their nearly four-decade relationship …
Customers Find Orders Blocked, Shelves Empty With Retail Cyberattacks on the Rise
A string of recent cyberattacks and data breaches involving the systems of major retailers have started affecting shoppers. United Natural Foods, a wholesale distributor that supplies Whole Foods and other grocers, said this week that a breach of its systems …
NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles’ insurance requirement in hopes of lowering premiums and disincentivizing fraud. The lawmakers voted 50-0 (with one …
California Commissioner Investigating State Farm’s Handling of LA Wildfire Claims
California Insurance Commissioner Ricardo Lara on Thursday said he has launched a formal investigation into State Farm’s handling of thousands of insurance claims from wildfire survivors affected by the Palisades and Eaton wildfires in January. The California Department of Insurance …
At Least 4 Dead in San Antonio and Dozens More Rescued After Heavy Rain
At least four people are dead in San Antonio and dozens of water rescues were made around the city after heavy rains flooded highways and stranded motorists, officials said Thursday. Fire officials said they are still searching for two people …
Missouri Counties Receive Federal Disaster Assistance After Severe Storms
The U.S. Small Business Administration (SBA) has announced a major disaster declaration for several counties in Missouri, including Bollinger, Butler, Cape Girardeau, Carter, and others, due to severe storms, straight-line winds, tornadoes, and flooding that occurred from March 30 to …
Florida Commission Accepts First Hurricane Models Under New Standards
The Florida Commission on Hurricane Loss Projection Methodology has accepted new loss models from Karen Clark & Co. and Cotality, the first to meet the commission’s latest standards. KCC’s Version 5.0 incorporates two more years of climate and hurricane data …
Dozens of States Sue 23andMe to Block Sale of Personal Genetic Data
Twenty-seven states and the District of Columbia on Monday filed a lawsuit in bankruptcy court seeking to block the sale of personal genetic data by 23andMe without customer consent. The lawsuit comes as a biotechnology company seeks the court’s approval …
Repairing Evacuated Charleston Condo Building Could Top $150 Million
It could take $151 million to repair the Dockside condominium tower in Charleston, which was evacuated in February after an engineering assessment found major structural problems. The Post and Courier newspaper reported that the 19-story building – Charleston’s tallest – …
Most G-7 Members Ready to Lower Russian Oil Price Cap Without US
Most countries in the Group of Seven nations are prepared to go it alone and lower the G-7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. …
Oregon Wildfire Prompts Evacuations and Closes Interstate
A wildfire in Oregon prompted officials to issue evacuation orders for hundreds of homes and to close nearly 20 miles of an interstate in the Columbia River Gorge. Gov. Tina Kotek invoked the state’s Emergency Conflagration Act for the Rowena …
Markets/Coverages: MGA Optio Launches $150M Political Violence & Terrorism Cover
Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity. The new product provides a US$150 million limit, ensuring comprehensive protection against both physical and …
Update: Boeing 787 Headed to London from India Crashes With 242 on Board
More than 200 bodies have been recovered at the crash site of a Boeing Co. 787 Dreamliner operated by Air India that was bound for London, according to police officials. Flight AI171 crashed shortly after taking off in Ahmedabad in …
UK Risk Managers Identify ‘Tech, AI and Cyber’ as Top Concern in AIRMIC Survey
UK risk managers identified five key themes that could affect their businesses, topped by “technology, AI and cyber,” according to AIRMIC, the British risk management group, which conducted a survey of its members. Nearly 90% of respondents pointed to tech, …
Taiwan Life Insurers’ $700 Billion Bet on the US Is Backfiring
For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers in other countries like Japan where diversification …
Former Cowboys Player Charged in Dallas Crash That Killed Motorcyclist
Former NFL player Kelvin Joseph is facing charges for his involvement in a crash that killed a female motorcyclist on a Dallas-area freeway, The Dallas Morning News reported. Police in the Dallas suburb of Richardson said on social media that …

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