J.D. Power: Auto Insurance Shopping Hits New High, Could Drop With Rate Adequacy
The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, “which should lead to less rate activity and perhaps less shopping in …
Hackers Leak Documents From Pentagon IT Services Provider Leidos
Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US government, according to a person familiar with the matter. Leidos recently learned of the issue and believes the documents were …
US Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements
A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing …
Morgan & Morgan Vows to Fight Proposed Class Action on ‘Botched’ Injury Claims
Morgan & Morgan calls itself the nation’s largest injury law firm, with offices in most states. But perhaps the Orlando-founded firm has grown too big, too quickly, suggests a proposed class-action lawsuit that claims the firm has botched hundreds of …
Applied Systems Acquires Insurance AI Platform Planck
Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …
Vermont Farmers Take Stock After Losing Crops to Flooding Two Years in a Row
Exactly one year to the date of last year’s severe flooding in Vermont, Joe’s Brook Farm was flooded again by the remnants of Hurricane Beryl. This time it was worse. Workers were able to harvest some of the produce before …
USAA Renter’s Insurance Policyholder Charged with Multiple Counts of Fraud
Maryland Attorney General Anthony G. Brown reports that a grand Jury for Prince George’s County has handed down two indictments charging an Upper Marlboro woman with insurance fraud. According to Brown, Rhonda Keisha Powell, also known as Rhonda Keisha Jackson, …
Hot, Inland California Cities Face The Steepest Water Cuts With New Conservation Mandate
Facing a future of shortages, California is entering a new phase of water conservation: Cities and towns must meet new mandates ramping down use over the next 15 years — and some will be hit harder than others. Approved two …
People Moves: Donegal Promotes Landis; MEMIC Promotes Foote
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, promoted Caleb Landis to assistant vice president of commercial lines systems development. Landis will be based out of Donegal’s home office in Marietta. Landis succeeds Barb Doyle, who will retire in September as …
Pilot Dies in Crash After Releasing Skydivers Near Niagara Falls
Officials released the name of a pilot who died in a skydiving flight after her passengers jumped from the aircraft near the Niagara Falls. Melanie Georger, 26, was the only person on board when the single-engine Cessna crashed Saturday, the …
Chubb Q2 Net Income Up 24% to $2.2B
Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than a year ago. Catastrophe losses for the second quarter were $580 million, pretax, compared to $400 million last year during …
How California’s Homeowners Insurance Crisis Is Affecting Brokers
A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on regulations and wildfires. Wildfires have made the …
People Moves: AXA’s Rodriguez Forero Named CEO of Newly Formed DUAL LatAm
DUAL Group announced the appointment of Marilena Rodriguez Forero as CEO for the newly established region, DUAL Latin America, effective Aug. 1, 2024. Rodriguez Forero will be a member of DUAL’s Group Executive Committee, reporting to Richard Clapham, CEO, DUAL …
Property Code Enforcement a Sore Spot in Some South Dakota Communities
FAITH, S.D. (AP) — A few months ago, the city council in this ranching town in remote northwestern South Dakota decided to join dozens of other communities across the state and hire an outside contractor to enforce property codes. But …
Pennsylvania Shaved $98 Million Off Insurer Rate Requests in First Half of Year
The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …
Wisconsin Waste Management Company Faces $367K Fine for Endangering Workers
Had John’s Disposal Service Inc. and John’s Recycling Inc. in Franksville, Wisconsin followed federal safety standards, a temporary maintenance worker might not have suffered severe injuries when their jacket sleeve was pulled into an engine as they serviced a vehicle …
Houston Utility Slammed Over Fumbled Response to Beryl Power Outages
Thousands of people in the Houston area were still without power more than a week after Hurricane Beryl tore through the fourth-largest US city. Two factors are now emerging as important explanations for why the powerful but predictable storm caused …
Plane Crash Near Northeast Ohio Airport Kills 3; Authorities Investigating
VIENNA, Ohio (AP) — A plane trying to make an emergency landing at an airport in northeastern Ohio crashed, killing all three people aboard, authorities said. The twin-engine Beechcraft 60 went down near the Youngstown-Warren Regional Airport in Ohio at …
Fire Severely Damages Historic First Dallas Baptist Church Sanctuary
A fire all but destroyed the historic church sanctuary at First Baptist Dallas, sending smoke billowing over the city but causing no deaths or injuries, Dallas firefighters said. The fire in the Texas Historic Landmark, a Victorian-style red brick church …
US Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re
US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated $61 billion in global H1 insured losses from natural disasters, US SCS accounted for a minimum $37 billion – …
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