A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts
Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories …
India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data
Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. The lawsuit comes amid growing …
Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role
Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To …
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as …
Woman Arrested From Washington Insurance Commissioner’s Most Wanted List
An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King County Prosecutor’s Office …
Passenger Killed When Horse Smashed Through Windshield on California Highway
The passenger in a car was killed when a horse smashed through the windshield during a series of crashes on a Southern California interstate, authorities said. The first collision occurred about 2 a.m. Sunday when a Toyota Tacoma towing a …
Snowmobiler Who Crashed Into Black Hawk Helicopter on Path Awarded $3 Million
The federal government was mostly responsible for a nighttime collision involving a snowmobiler who nearly died after hitting a Black Hawk helicopter that was parked on a Massachusetts trail, a judge ruled in awarding him $3.3 million in damages. U.S. …
Norcross Defense Team Pans Racketeering Case as ‘Crime Thriller With No Crime’
Lawyers for New Jersey insurance executive and political power broker George Norcross III say the state’s 111-page indictment against him and others for alleged racketeering is a “crime thriller with no crime.” In calling for dismissal of the charges, Norcross …
Cease and Desist Order Issued Against Iowa Contractor
The Iowa Insurance Division has issued a cease-and-desist orderagainst William Campbell and All or Nothing LLC, a Clive, Iowa limited liability company doing business as All or Nothing Roofing and Construction. The order claims that Campbell and his company have …
Oklahoma High Court Denies Rehearing for Survivors of Tulsa Race Massacre
OKLAHOMA CITY (AP) — The Oklahoma Supreme Court has rejected a request to reconsider its ruling to dismiss a lawsuit filed by the last two known living survivors of the 1921 Tulsa Race Massacre. Without comment, seven members of the …
Report: Experts Worry California’s Wildfire Season Could Get Worse
Despite several early blazes and one of the state’s largest so far, experts worry California’s wildfire season could get worse when the seasonal winds responsible for fanning some of the biggest fires arrive. A CNN report out this week queries …
Kansas County Reports Unauthorized Access to Personal Information in Ransomware Attack
A Kansas county said it found unauthorized access and acquisition of personal information maintained by the bounty, including protected health information related to individuals who received services. Franklin County, located southeast of Kansas City, shared in a Sept. 20 update …
JetBlue Flight Makes Emergency Landing In Kansas After False Alarm
SALINA, Kansas (AP) — A JetBlue flight from New York to San Diego landed safely in Kansas after the crew received an alert about smoke in the cargo area, authorities said. The airline said it turned out to be a …
Jury Clears Most Defendants in Trump Train Trial
An Austin jury cleared all but one of six Donald Trump supporters who were accused of breaking federal law when they surrounded a Joe Biden campaign bus driving down a Texas highway days before the 2020 election. The seven-person jury, …
Suit Alleges Services Outsourcing Firm Discriminated Against Blind Employee at Texas Call Center
The Results Companies, LLC, a services outsourcing firm, violated federal law when it refused to provide a reasonable accommodation for a blind call center employee and then fired her, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. …
People Moves: IMA Financial Group Hires Davenport to lead Texas Employee Benefits; Marsh McLennan Agency Appoints Stadler President, Jeatran VP and Bridges to Lead Southwest Region
IMA Financial Group Hires Davenport to lead Texas Employee Benefits IMA Financial Group, headquartered in Denver, named Teniqua Davenport as Texas market leader, employee benefits on its Dallas-Fort Worth and Houston leadership team. With more than 15 years of leadership …
Maryland Joins in Suing Dali Ship Owner, Operator for Baltimore Bridge Collapse
The state of Maryland is suing the owner and operator of the Dali cargo ship that caused the collapse of Baltimore’s Francis Scott Key Bridge in March, joining the U.S. government, the families of six workers killed in the tragedy, …
Aon Launches US Severe Convective Storm Model
Just a few weeks after unofficially announcing that a new catastrophe model was in the works, Aon officially announced the launch of a model to analyze U.S. Severe Convective Storms this week. Paul Shedden, head of global analytics– insurance and …
As E&S Market Growth Hits New Heights, Some Risk May Be There to Stay: AM Best
In 2023 the U.S. surplus lines market for the first time surpassed the $100 billion mark in direct premiums written, and some of the risk that has found non-admitted insurers might stay there beyond an eventual turn in the market …
SURE and SageSure Launch Non-Admitted Business Owners Policy in California
SureChoice Underwriters Reciprocal Exchange in partnership with SageSure launched a non-admitted business owners policy in California. The program will service more than 400 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service, and artisan contractors. …
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