Security First Touts 5% Rate Decrease for HO-3, Renters Policies in Florida
Citing the stabilizing impact that legislative reforms have had on the Florida market, Security First Insurance Co. executives this week announced two residential property rate reductions of more than 5%. “For the first time in nine years, we’re going to …
Kansas Governor Cites Competition Concerns While Vetoing Bill for School Gun-Detection Technology
Kansas Gov. Laura Kelly vetoed a measure Wednesday that could have earmarked up to $5 million for gun-detection systems in schools while expressing concern that it could have benefitted only one particular company. Kelly’s line-item veto leaves in place $5 …
Indigenous Consultant Accuses Chicago Blackhawks of Fraud, Sexual Harassment
A consultant the Chicago Blackhawks hired to improve relationships with American Indian tribes has filed a lawsuit accusing the team, its charity foundation and its CEO of fraud, breach of contract and sexual harassment. Nina Sanders filed the civil action …
Inszone Acquires Texas’ JHC Insurance Agency
Inszone Insurance Services announced the acquisition of JHC Insurance Agency, Inc., an independent insurance agency serving the Victoria community and beyond. Rooted in the values of independence and client-focused service, JHC Insurance Agency, Inc. has become a key player in …
Staffing Shortages, Reduced Safety Training Fuel Risks for Company Drivers
Increased distractions, staffing shortages, and safety risks mean that 60% of company drivers are worried about their personal safety and liability behind the wheel. Over half have been involved in or witnessed an accident in the past year. According to …
Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety
The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague crouched low as black smoke engulfed them. “I couldn’t …
Fitch Ratings: US Cyber Premium Growth Slows in 2023
The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Insurance Market Update, standalone cyber written …
Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers
OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring dozens more, according to an …
DeSantis, Amid Criticism, Signs Bill Making Climate Change Less of a Priority
TALLAHASSEE, Fla. (AP) — Climate change will be a lesser priority in Florida and largely disappear from state statutes under legislation signed Wednesday by Florida Gov. Ron DeSantis that also bans power-generating wind turbines offshore or near the state’s lengthy …
Family of California Veteran Who Died After Officer Knelt on His Neck Settles for $7.5M
Family members of a Navy veteran who died in 2020 after a police officer pressed a knee to his neck for nearly five minutes while he was in a mental health crisis have settled a federal lawsuit against the Northern …
SEC Updates Customer Data Hacking Rules for Wall Street
Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, …
Texas Storms Leave 800,000 Without Power While Flights Grounded
A line of dangerous storms and flooding rains rolled over the US Gulf Coast, killing at least four people and leaving more than 800,000 customers in Texas — about 6% of the total — without power while grounding hundreds of …
Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition
Insurance broker Aon plc has developed a new insurance product designed for international transport and storage companies that are engaged in storing carbon dioxide for decarbonization projects across the globe. The new product is aimed at providing cover for key …
Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria
MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede D’Or Sao Luiz. S.A. The transaction, which has …
Volkswagen Reaches $54 Million ‘Dieselgate’ Settlement With Italian Owners
Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the “dieselgate” emissions scandal, they said on Wednesday. In the settlement, over 60,000 …
Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report
More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday. WHY IT’S IMPORTANT Canada is one of the biggest oil …
Firefighters Gain Control of One Blaze Threatening Oil Sands in Alberta
Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city. The fire just north of Fort McMurray, located …
People Moves: Marsh McLennan Agency Appoints Rappa Fine Arts and Specie Leader
Marsh McLennan Agency, headquartered in New York, appointed Anne Rappa to the newly created position of fine arts and specie leader effective May 20. Based in New York, Rappa will work with teams in the U.S. and London to deliver …
Auto Insurance Shopping ‘Hot,’ Consumers Switching ‘Sizzling’: LexisNexis
Shoppers in the U.S. aren’t ready to accept higher auto insurance rates, choosing to shop around for the best deal and coverage, a new report finds. U.S. consumer auto insurance shopping activity registered as “Hot” on the LexisNexis Insurance Demand …
Sony Music Warns Companies to Stop Training AI on Its Artists’ Content
Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission. Sony Music, whose artists include Lil Nas X and Celine Dion, sent letters …
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