A Judge Delays the Wrongful Death Lawsuit Against Karen Read Until After Her Criminal Trial
A judge ruled Thursday that Karen Read won’t have to give a deposition in her wrongful death lawsuit until after her criminal trial in January. The brief from Judge William M. White Jr. on Thursday effectively delays the lawsuit, which …
Hub International Acquires Western Growers Insurance Services in California
Hub International Ltd. acquired the retail insurance brokerage business of Western Growers Insurance Services in a move aimed at expanding Hub’s services in the agribusiness industry. WGIS has 1
Uber Proposes Cutting NYC Driver Minimum Pay on Lower Gas Prices
Uber Technologies Inc. plans to propose a cut to New York City drivers’ base pay rate, among other recommendations, as it seeks to lower prices of rides in one of its largest markets. The company would like the city’s Taxi …
Severe Storms and Tornadoes Hit Oklahoma, Leaving 11 Hospitalized
OKLAHOMA CITY (AP) — Severe storms and tornadoes battered Oklahoma early Sunday, tossing cars and ripping roofs off buildings in the middle of the night and leaving tens of thousands of homes and busi
Monarch E&S Acquires Texas’ Professional Insurance Executives
Monarch E&S Insurance Services (Monarch E&S), a division of Specialty Program Group LLC, announced its strategic acquisition of the assets of Professional Insurance Executives, Inc. (PIE), a l
Will People Leave Florida After Hurricanes? History Suggests Not
ORLANDO, Fla. (AP) — The news rippled through Treasure Island, Florida, almost like a third storm: The mayor planned to move off the barrier island a month after Hurricane Helene flooded tens of thousands of homes along the Gulf Coast …
Fire Closes Ohio River Bridge Near Cincinnati and Damges its Steel Structure
CINCINNATI (AP) — A massive fire underneath a bridge spanning the Ohio River closed a heavily traveled route between Cincinnati and northern Kentucky on Friday and damaged part of the steel structure.
Vehicle Crashes Into Tree in Wisconsin, Killing 5
Five people died in a fiery vehicle crash in Wisconsin, authorities said Saturday. The Dane County Sheriff’s Office said in a statement that the vehicle crashed into a tree Friday night off a roadway just south of Verona, a town …
Texas Agency Seeks $100M to Tackle Well Blowouts
Unable to keep up with the growing number of leaking and erupting wells in the state’s oil fields, the Texas Railroad Commission, which regulates the state’s oil and gas industry, has aske
Helicopter Pilot Was Talking With Air Traffic Controller at Time of Fatal Houston Crash
HOUSTON (AP) — A helicopter pilot was speaking with an air traffic controller in Houston when the aircraft crashed into a radio tower, killing all four people on board, according to a preliminary repo
Texas Jury Orders Bell Helicopter to Pay $16M in Trade-Secrets Case
FORT WORTH, Texas (AP) — A Texas jury ordered Bell Helicopter Textron to pay $16 million to a California company that claims Bell gave proprietary information that the companies developed to a rival s
Renaissance Acquires Business of United Agents of Arizona
Renaissance acquired the agency network business of United Agents of Arizona. The transaction follows the network’s 2023 acquisition of Agency Partners Inc., which brought 54 new agencies in Ala
Vertafore Acquires Surefyre to Expand Offerings for MGA Growth
Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. The deal’s financial terms
People Moves: Aon Underwriting Managers Appoints LSM’s Clapham as CUO; Lloyd’s Taps Aviva’s Adams as Chief People Officer, Succeeding Gomez
This edition of International People Moves details appointments at Aon Underwriting Managers and Lloyd’s of London. A summary of these new hires follows here. Aon Underwriting Managers Appoints
Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS
Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to people, properties, vehicles and businesses as well as to
NFIP to Begin Taking Monthly Flood Insurance Payments
The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal. The Federal Emergen
NC Insurers Warned on Flood Denials in Underwriting; NFIP Allows Monthly Premiums
North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify
Markets/Coverages: Marsh Offers Insurance to Manage Risks of Fake Carbon Credits
Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insuranc
Hawaii Attorney General Probe into Deadly Wildfire Won’t Lead to Criminal Charges
An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any cr
Vienna Insurance Group Launches Specialist Cyber Security Company
Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provi
Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips
Third quarter underwriting income with Berkshire Hathaway’s insurance insurance units fell about $1.7 billion to $750 million due to estimated losses of about $565 million from Hurricane Helene
Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits
The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies …
Meta Loses Bid to Appeal UK Class Action Over User Data
Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused its dominant position and exploited its users personal data. The UK’s Court of Appeal
French Families Sue TikTok Over Alleged Failure to Remove Harmful Content
Seven French families have filed a lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday. …
SEC Says JPMorgan Chase Settles Five Enforcement Cases, to Pay $151M
JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage