Crews Expect to Refloat, Remove Ship That Crashed Baltimore Bridge Soon
At the site of the Francis Scott Key Bridge collapse, crews plan to refloat and remove the grounded Dali container ship within roughly the next 10 days, allowing more maritime traffic to resume through Baltimore’s port. The ship, which lost …
California Business Owner Ordered to Pay $687K in Restitution for Workers’ Comp Fraud
A California business owner convicted of felony workers’ compensation insurance fraud was ordered to pay $687,560 in restitution to the victims. An investigation by the California Department of Insurance determined that Jorge Maldonado, owner of Pro-Care Building Maintenance, under-reported the …
Organic Bulk Walnuts Sold in Natural Food Stores Tied to Dangerous E. Coli Outbreak
At least a dozen people in California and Washington have been sickened with E. coli food poisoning linked to organic walnuts sold in bulk in 19 states, U.S. health officials said Tuesday. The nuts were sold in natural food and …
People Moves: Brown Joins Alliant Insurance Services’ Employee Benefits Team
Alliant Insurance Services, headquartered in Irvine, California, hired Angie Brown as a First vice president and consultant for its employee benefits group, based in Alliant’s absence, disability and life insurance practice. Brown drives compliance with FMLA, ADAAA and continually emerging …
Patriot Expands In New York, Acquiring Long Island’s Lupton & Luce
National insurance firm Patriot Growth Insurance Services has acquired Lupton & Luce, a property/casualty agency is based in Riverhead, New York. Established in 1939, the agency is led by Hallock Luce IV and deeply rooted in the greater Long Island …
M4.1 Earthquake Shook Parts of Los Angeles Area: USGS
A magnitude 4.1 earthquake shook parts of the Los Angeles Area, including the cities of Corona, Anaheim, and Santa Ana on at 1:49 p.m. local time on the afternoon of Wednesday, the USGS confirmed. The epicenter was in the Santa …
UnitedHealth Hack Put Data of One in Three Americans at Risk
UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating cyberattack. Lawmakers zeroed in on lax defenses during more than …
PCF Insurance Acquires Georgia, Texas Brokerages
PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that the moves mark an ongoing …
‘Car Wreck Clyde’ Attorney in Texas Charged with Skimming $2.4M from Settlements
A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much as $2.4 million in client settlement proceeds over the past decade, federal prosecutors said. Clyde J. Moore, 62, and his …
Texas Lawmakers Fault Xcel Power Pole in State’s Largest Fire
The worst wildfire in Texas history was sparked by a power pole and lines owned by Xcel Energy Inc. that hadn’t been effectively maintained or replaced, according to a state legislative committee report. The pole identified as the cause of …
Missouri Supreme Court Strikes Down 2022 Vote on KC Police Funding
The Missouri Supreme Court on Tuesday took the unusual step of striking down a 2022 voter-approved constitutional amendment that required Kansas City to spend a larger percentage of its money on the police department, and ordered that the issue go …
1 Person Killed, Homes Destroyed After Tornado Rips NE Kansas
WESTMORELAND, Kan. (AP) — One person died Tuesday when a tornado ripped through the small city of Westmoreland in northeastern Kansas, destroying houses, RVs and outbuildings, authorities said. Pottawatomie County officials said on Facebook that a tornado struck the city …
Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news—their property insurance won’t be renewed because their insurance company has deemed the risk too high. It’s a problem that has …
J&J Advances $6.48 Billion Settlement of Talc Cancer Lawsuits
Johnson & Johnson said Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer. The deal would allow …
BNSF Becomes 2nd RR to Sign on to Anonymous Federal Safety Hotline for Workers
OMAHA, Neb. (AP) — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline. The Federal Railroad Administration announced Thursday that the railroad …
State AG, Atlantic City Casino Union Ask Judge to Dismiss Anti-Smoking Lawsuit
Atlantic City’s main casino workers union and the New Jersey attorney general this week asked a judge to dismiss a lawsuit brought by a different union that seeks to ban smoking at the city’s nine casinos. Local 54 of the …
Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations
Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill 611 into law, as expected. The state House of Representatives this week approved the bill by a vote of 82 …
Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …
Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs
The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a reconstruction tab of $2.1 billion, according to CoreLogic, the data analytics firm. Some 127 tornadoes spun out of a severe …
Markets/Coverages: Relm Launches Employment Practices Cover to Fill Capacity Needs
Relm Insurance, a Bermuda-based specialty insurance carrier, unveiled its Comprehensive Employment Practices offering, responding to industry demand to address capacity scarcity. The enhancements of the new policy, payable in fiat or cryptocurrency, include: An expansion of third-party liability coverage to …
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Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 27 de octubre de 2022. El CCRIF SPC ha realizado cuatro pagos por un total de US$15,2 millones a tres de sus gobiernos miembros durante octubre para eventos hidrometeorológicos asociados con la temporada de huracanes de 2022.
Pagos han sido recibidos por los Gobiernos de:Gran Caimán, Islas Caimán, 29 de julio de 2022. El CCRIF SPC se complace en anunciar que sus gobiernos miembros han renovado su cobertura de seguro paramétrico para ciclones tropicales, exceso de lluvia, terremotos, y el sector pesquero para el año de póliza 2022/23, que comenzó el 1o de junio de 2022. Para las pólizas de terremoto, ciclón tropical y exceso de lluvia, los miembros cedieron más de US$1,2 mil millones en cobertura – un aumento del 10% con respecto al año anterior. Trece gobiernos miembros aumentaron su cobertura, en comparación con el año de póliza 2021/22.
Gran Caimán, Islas Caimán, 2 de febrero de 2022. Hoy, el CCRIF y Guardian General Insurance Limited firmaron un memorando de entendimiento para ofrecer a los individuos y organizaciones como cooperativas y organizaciones no gubernamentales (ONG) y sus miembros la capacidad de protegerse contra las pérdidas económicas que resultan del clima extremo asociado con el viento y la lluvia.
Gran Caimán, Islas Caimán, 16 de noviembre de 2021. El CCRIF celebra el éxito de su programa de pasantías de 2021: “Proporcionando a los jóvenes caribeños una experiencia laboral desde cualquier lugar”
