Two Men Charged with Staging Car Crashes for Insurance Money in New York City
Two Brooklyn men have been charged with staging three automobile accidents and then seeking insurance payouts from Allstate Insurance Co. for damages and purported injuries. Queens District Attorney Melinda Katz announced that Jaime Huiracocha and Victor Murillo have been charged …
Uber Says New York City Courier Rule ‘Singles Out’ Immigrant Workers
Uber Technologies Inc. is pushing back on a new NYC proposal requiring delivery app workers to display company-issued identification numbers on reflective vests, saying it “singles out” immigrant workers for “heightened surveillance and control.” The new rules, proposed Monday by …
Delta Jet Makes Emergency Landing After Severe Turbulence Injures 25
At least two dozen people were taken to hospitals after a Delta Air Lines Inc. flight hit severe turbulence that forced it to make an emergency landing in Minneapolis. Delta Flight 56 was less than an hour into its nine-hour …
California Commissioner Takes Action Against FAIR Plan for Smoke Damage Claims
California Insurance Commissioner Ricardo Lara is taking legal action against the California FAIR Plan Association for reportedly denying and limiting smoke damage claims from wildfire survivors. The California Department of Insurance filed an order to show cause against the FAIR …
No Mention of Robotaxi as Tesla Launches Ride-Hailing in San Francisco
Tesla launched a ride-hailing service in the San Francisco Bay Area on Thursday, without indicating whether it would be using self-driving vehicles that power its Austin, Texas operations. California has not permitted Tesla to offer robotaxi service, and the limited …
Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions
Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 billion. Verisk said in a July 30 announcement that both companies play key …
Cotality Estimates $1.1B in Damage to Residential Buildings from Central Texas Floods
Cotality estimates that the recent Central Texas flash floods caused $1.1 billion in damage to residential buildings, with the National Flood Insurance Program providing as much as $135 million in insurance recoveries to home and business owners across the impacted …
People Moves: LSM Hires Nelson, Ciraci and Prout to Boost Renewables Offering; BMS Promotes Wookey to Managing Director, Bermuda Product Line Development
This edition of International People Moves details appointments at Liberty Specialty Markets and the broker BMS. A summary of these new hires follows here. Liberty Specialty Hires Nelson, Ciraci and Prout to Boost Renewables Offering Liberty Specialty Markets (LSM), part …
Two Georgia Men Denied Bond After Charged With Large Cache of Homemade Bombs
Two Georgia men, denied bond, are in jail awaiting court action after they were charged with possessing a large amount of homemade explosive devices. The Georgia Office of Insurance Commissioner and State Fire Marshal’s Office, along with the Floyd County …
South African State Insurer Builds $1.1 Billion Riot Buffer
South Africa’s state-owned risk insurer, which the government bailed out so it could meet claims stemming from riots four years ago, has built up a 20 billion-rand ($1.1 billion) buffer to safeguard its finances in the event of anticipated future …
Huge Quake Rocks Russia’s Far East, Triggering Tsunami Warnings Around Pacific
A very powerful magnitude 8.8 earthquake off Russia’s Far Eastern Kamchatka coast on Wednesday triggered tsunami warnings as far away as French Polynesia and Chile, and was followed by an eruption of the most active volcano on the peninsula. The …
Brown & Brown’s Profit Climbs on Fee and Commission Growth
Brown & Brown posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand. Insurance spending has continued to grow, even as businesses and individuals pull back in other …
Derechos: An Uncommon And Destructive Weather Event
Prolonged wind events that unleash heavy rainfall and travel far distances sometimes qualify as derechos. Derechos can happen almost anywhere in the United States but are most common in the central and eastern regions of the country. Winds typically gust …
Palo Alto Networks Reaches $25 Billion Deal for CyberArk
Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. Palo Alto will pay CyberArk investors $45 per share and 2.2005 shares of Palo Alto stock, according …
Fermi National Accelerator Laboratory Hit in Cyberattack Targeting SharePoint
The Fermi National Accelerator Laboratory, one of the Department of Energy’s 17 national labs, was attacked by hackers as part of a recent campaign seeking to exploit flaws in Microsoft Corp.’s SharePoint software. “Attackers did attempt to access Fermilab’s SharePoint …
‘New Normal’ Sets in as Pace of Insurance Agency M&A Becomes Clear
Insurance agency mergers and acquisitions during the second quarter 2025 were up 11% over the prior quarter, but M&A activity for the first half of the year is down 8% compared to last year, according to investment banking and financial …
Air India Audit Finds 51 Safety Lapses, From Unapproved Simulators to Training Gaps
India’s aviation watchdog found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. The …
Texas Auto Insurer for Residual Market Approved for Rate Increase
The Texas Department of Insurance (TDI) said in a bulletin this month that it has approved private passenger and commercial auto rate increases for the Texas Automobile Insurance Plan Association (TAIPA), the state’s residual market for auto insurance. Private passenger …
Shanghai Evacuates 280,000 Residents as Tropical Storm Nears
Shanghai has evacuated around 280,000 people and canceled flights as a tropical storm nears China’s financial hub, bringing strong winds and heavy rainfall that threatens flash flooding. Storm Co-may — known locally as Zhu Jie Cao — is expected to …
Bridgepoint to Buy Majority Stake in German Insurance Broker HBC
Bridgepoint Group Plc agreed to acquire a majority stake in German insurance broker Hanseatic Broking Center GmbH from Preservation Capital Partners. The transaction sees Bridgepoint partner with HBC’s management team and founders, who will remain significantly invested, according to a …

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