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Ohio’s battleface Adds Vacation Rental Damage Insurance

21 Jan 2022 08:15


Columbus, Ohio-based Insurtech battleface has added vacation rental damage to their benefit options. The new product provides insured travelers with protection against covered losses while staying in a vacation rental. battleface’s vacation rental damage benefit options include a choice of …


Texas AG Sues Google Over Local Radio Ads for Its Smartphones

21 Jan 2022 08:07


Texas’ attorney general on Jan. 19 sued Google, alleging the company asked local radio DJs to record personal endorsements for smartphones that they hadn’t used or been provided. In the lawsuit filed in Montgomery County, Republican Attorney General Ken Paxton …


Latest Michigan School Sex Abuse Case One of a Number

21 Jan 2022 08:00


A financial payout for more than 1,000 people _ mostly men _ who say they were sexually assaulted by former University of Michigan sports doctor Robert Anderson is the latest multimillion settlement involving schools faced with sexual misconduct scandals. The …


Mississippi Supreme Court Finds Assault at Job Covered by Workers’ Comp

21 Jan 2022 06:10


A man gets assaulted at work by two co-workers. Is the man’s recourse for his injuries limited only to the exclusive remedy of the workers’ compensation system? The Mississippi Supreme Court this month said, “yes,” despite the employee’s claims of …


People Moves: Wright Flood Names LaTour VP; Two Elevated at Skyward

21 Jan 2022 06:07


Wright Flood, which offers a number of flood insurance products, announced that Angie LaTour has been hired as vice president of sales and marketing. LaTour has 27 years’ experience in property and casualty insurance, including flood, auto, home and commercial …


Florida Senate Votes to Keep Insurers’ Fraud Reports Exempt from Open Records

21 Jan 2022 06:05


The 2022 Florida Senate has passed its first bill that affects insurance companies, but the measure has little to do with losses, rates or litigation costs. On Wednesday, by a vote of 35-0, the chamber approved Senate Bill 7016, which …


Consumer Reports, Insurance Safety Institute to Rate Vehicle Driver Automation Systems

21 Jan 2022 06:00


Two nonprofit bodies, Consumer Reports and the Insurance Institute for Highway Safety (IIHS), said separately on Thursday they are reviewing safeguards put in place by automakers for vehicles with partial automation. The announcements come amid scrutiny of Tesla’s driver assistance …


Former California Insurance Agent Sentenced in Theft and Embezzlement Scheme

21 Jan 2022 06:00


Former insurance agent Blanca Lidia Guzman, 40, of Palmdale, California, was sentenced in Los Angeles County Superior Court on Wednesday on one felony count of grand theft after pleading no contest for defrauding consumers. Guzman reportedly stole more than $16,000 …


450 Scientists Accuse Major Ad/PR Firms of Spreading Climate Disinformation

21 Jan 2022 06:00


More than 450 scientists on Wednesday called on the executives of major advertising and public relations firms to drop their fossil fuel clients and stop what the scientists said was their spread of disinformation around climate change. They sent a …


Pennsylvania Senate Passes Ransomware, Data Breach Bills

21 Jan 2022 06:00


Pennsylvania’s state Senate passed a package of legislation on Wednesday aimed at preventing data security breaches and requiring victims and law enforcement officials to be notified when they do happen. The bills’ passage comes barely two weeks after the state’s …


Texas Rolling Pines Wildfire 70% Contained, Some Evacuations Lifted

21 Jan 2022 00:01


A wildfire in a central Texas state park is no longer growing and no injuries were reported after the blaze, suspected to have been caused by a prescribed burn, charred 1.2 square miles (3.2 square kilometers), officials said. Texas A&M …


Nearly 8-in-10 Executives Believe World is at ‘Climate Change Tipping Point’

20 Jan 2022 21:54


Two-thirds of executives say their companies are “very concerned” about climate change, and 79% believe the world is at “a climate change tipping point,” according to the recently released Deloitte 2022 CxO Sustainability Report. Deloitte polled more than 2,000 C-suite …


Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers’ Injury Claims

20 Jan 2022 17:48


Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches after the 2010 BP oil spill in the Gulf of Mexico, a federal appeals court decided Wednesday. In …


Alera Group Acquires Texas-Based Heritage Risk Management

20 Jan 2022 17:27


Alera Group, a national insurance and wealth services firm, has acquired Amarillo, Texas-based Heritage Risk Management, a network of independent risk management agencies which serve clients throughout Texas, Oklahoma, Colorado and New Mexico. Heritage Risk Management’s network of independent risk …


New York Contractor Underreported Payroll by 89 Workers, DA Says

20 Jan 2022 17:18


A Congers, New York, contractor has been arrested after he was indicted on insurance fraud charges for allegedly underreporting his payroll by 89 workers. Anthony Frascone, 51, owner of Alpha-Omega, told his workers’ compensation insurance provider that his company had …


Louisiana Food Preparer Settles $67K Racial Harassment Suit

20 Jan 2022 17:13


A food preparer and retailer in Scott and Carencro, Louisiana, has agreed to pay a former employee $67,500 to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission. The lawsuit was resolved through a consent decree, which U.S. …


New Jersey Governor Signs Auto Insurance Bad Faith Bill Into Law

20 Jan 2022 17:07


New Jersey Gov. Phil Murphy has signed into law a bill that proponents have said makes the auto insurance claims process fairer for policyholders and businesses have warned will raise premiums. The New Jersey Insurance Fair Conduct Act gives motorists …


Group Delivers Whistleblower Documents on Wisconsin Clergy Abuse

20 Jan 2022 16:54


An advocacy group working to end clergy abuse in Wisconsin has delivered thousands of documents from Wisconsin’s five Catholic dioceses to the state attorney general, documents it says show a systemic coverup of abuse. The documents were provided to Nate’s …


U. of Michigan Reaches $490M Settlement Over Sexual Abuse

20 Jan 2022 16:38


The University of Michigan has agreed to a $490 million settlement with more than 1,000 people who say they were sexually assaulted by a former sports doctor during his nearly four-decade career at the school, the university and those involved …


Travelers Sets Some Records with Q4 Results

20 Jan 2022 15:35


Insurer Travelers reported a quarterly profit of $1.3 billion, an increase of $23 million and a record for the fourth quarter that was achieved despite higher catastrophe claims. The Hartford-based insurer boosted net written premiums by 10% over last year’s …


People Moves: Pinnacol Names Neppel Chief Investment Officer; Alliant Makes Krickl Vice President

20 Jan 2022 15:21


Pinnacol Assurance named Jennifer Neppel chief investment officer. Neppel will succeed David Bomberger, who will retire on March 1 after nine years with Pinnacol. Neppel has a background in investment management, mostly for large healthcare organizations. Pinnacol Assurance is Colorado’s …


People Moves: Lloyd’s Names Chubb’s Miller as Commercial Dir.; Chubb Promotes Meyer to Switzerland Country Pres.; WTW Hires Aon’s Weda for Corp. Risk & Broking, Benelux

20 Jan 2022 15:20


This edition of International People Moves details appointments at Lloyd’s, Chubb and Willis Towers Watson (WTW). A summary of these new hires follows here. Lloyd’s Names Chubb’s Miller as Commercial Director Lloyd’s announced the appointment of Dawn Miller as its …


Tennessee Jury Awards $9 Million to Man Who Sipped Cleaning Fluid at Restaurant

20 Jan 2022 15:19


A Tennessee jury has awarded damages far above what the plaintiff asked for, after finding the Cracker Barrell restaurant company at fault for allowing a customer to accidentally drink a cleaning compound. The customer, William Cronnon, was having lunch in …


Shock Rejection of Purdue Pharma Opioid Deal Raises Scrutiny by Bankruptcy System

20 Jan 2022 14:43


The surprise rejection of Purdue Pharma LP’s sweeping opioid settlement is already reverberating through the rest of the bankruptcy system. Ascena Retail Group, the former owner of women’s fashion brands including Ann Taylor and Lane Bryant, is the latest company …


U.S. Airlines Report Only Minor Disruption From 5G Deployment

20 Jan 2022 14:26


U.S. airlines said on Wednesday the rollout of new 5G services was having only a minor impact on air travel as the U.S. Federal Aviation Administration (FAA) said it has issued new approvals to allow more low-visibility landings. The increased …


Oil Spill Caused by Massive Waves From Tonga Is ‘Ecological Disaster’ for Peru

20 Jan 2022 13:58


An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said that the oil spill …


In Both Hard and Soft Markets, Zurich Aims to Maintain Focus on Underwriting Discipline

20 Jan 2022 12:31


Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right risks, pricing them accordingly, properly structuring programs and …


Insurtech Reask Gets Funding to Deliver Next-Generation Natural Disaster Modeling

20 Jan 2022 10:09


Insurtech Reask, an Australian science and technology company that focuses on natural hazard modeling, announced it has closed its seed funding round, led by Tencent, the global technology giant headquartered in China. The funding will support the next stage of …


UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market

20 Jan 2022 09:21


Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022. The company, which became the UK’s first insurtech unicorn last year, …


Cyber MGA Resilience Becomes Lloyd’s Coverholder

20 Jan 2022 08:43


Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its comprehensive cyber risk management and insurance solutions to the worldwide …

        
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