TSLA Names Officers and Directors at Annual Meeting
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Description: The Texas Surplus Lines Association, Inc. announces the election of the following Officers and Directors at its 68th Annual Meeting held at the Four Seasons Hotel Austin on November 13, 2023. President – Kimmi Cantwell, McGowan, Donnelly & Oberheu, LLC …
Full content: The Texas Surplus Lines Association, Inc. announces the election of the following Officers and Directors at its 68th Annual Meeting held at the Four Seasons Hotel Austin on November 13, 2023. President – Kimmi Cantwell, McGowan, Donnelly & Oberheu, LLC …
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Category: Texas / South Central News
Date: Fri, 08 Dec 2023 17:59:12 +0000
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Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators
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Description: The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter. The inquiries are preliminary and the agency hasn’t opened …
Full content: The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter. The inquiries are preliminary and the agency hasn’t opened …
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Category: National News
Date: Fri, 08 Dec 2023 17:18:17 +0000
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Son of North Dakota Senator Crashes During Police Chase, Killing Sheriff`s Deputy
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Description: BISMARCK, N.D. (AP) – The 42-year-old son of U.S. Sen. Kevin Cramer crashed into a North Dakota sheriff`s vehicle during a police chase, pushing it into a deputy and killing him, according to authorities and the Republican senator`s family. Ian …
Full content: BISMARCK, N.D. (AP) – The 42-year-old son of U.S. Sen. Kevin Cramer crashed into a North Dakota sheriff`s vehicle during a police chase, pushing it into a deputy and killing him, according to authorities and the Republican senator`s family. Ian …
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Category: Midwest News
Date: Fri, 08 Dec 2023 17:17:03 +0000
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5th Circuit Largely Sides With Louisiana Sheriff`s Deputies Accused in Lawsuit of Using Excessive Force
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Description: NEW ORLEANS (AP) – A federal appeals court has largely sided with two white Louisiana sheriff`s deputies in a lawsuit filed by a Black woman, rejecting her claims that they used excessive force against her as they investigated an allegation …
Full content: NEW ORLEANS (AP) – A federal appeals court has largely sided with two white Louisiana sheriff`s deputies in a lawsuit filed by a Black woman, rejecting her claims that they used excessive force against her as they investigated an allegation …
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Category: Texas / South Central News
Date: Fri, 08 Dec 2023 17:12:38 +0000
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Kansas Insurance Companies to See Reduced Surplus Lines Tax Rate in 2024
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Description: Insurance companies in Kansas will pay a reduced surplus lines tax rate beginning next year after the legislature passed a law lowering the surplus tax rate from 6% to 3% for tax years 2024 and after. Kansas insurance Commissioner Vicki …
Full content: Insurance companies in Kansas will pay a reduced surplus lines tax rate beginning next year after the legislature passed a law lowering the surplus tax rate from 6% to 3% for tax years 2024 and after. Kansas insurance Commissioner Vicki …
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Category: Midwest News
Date: Fri, 08 Dec 2023 17:07:57 +0000
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Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility
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Description: Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW with support from three other …
Full content: Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW with support from three other …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 16:53:50 +0000
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Former Jacksonville Jaguars Financial Manager Accused of Stealing $22M from Team
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Description: JACKSONVILLE, Fla. (AP) — A former financial manager for the Jacksonville Jaguars has been accused of stealing more than $22 million from the franchise through its virtual credit card program between 2019 and 2023, according to a seven-page court filing. …
Full content: JACKSONVILLE, Fla. (AP) — A former financial manager for the Jacksonville Jaguars has been accused of stealing more than $22 million from the franchise through its virtual credit card program between 2019 and 2023, according to a seven-page court filing. …
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Category: Southeast News
Date: Fri, 08 Dec 2023 16:45:38 +0000
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Service Workers Union Asks Feds to Oversee South Carolina’s ‘Lax’ Safety Agency
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Description: COLUMBIA, S.C. (AP) — One of the largest labor organizations in the United States petitioned the federal government on Thursday to wrest workplace safety oversight from South Carolina regulators accused of failing to protect service employees. South Carolina is one …
Full content: COLUMBIA, S.C. (AP) — One of the largest labor organizations in the United States petitioned the federal government on Thursday to wrest workplace safety oversight from South Carolina regulators accused of failing to protect service employees. South Carolina is one …
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Category: Southeast News
Date: Fri, 08 Dec 2023 16:31:37 +0000
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Florida Governor’s Budget Would Slice Premium Taxes and FIGA Assessment
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Description: Florida Gov. Ron DeSantis and the state’s insurance commissioner have touted the governor’s 2024-2025 state budget, released this week, as a $431 million relief package for Florida homeowners struggling with escalating property insurance premiums. Insurance industry lobbyists, consultants, professors and …
Full content: Florida Gov. Ron DeSantis and the state’s insurance commissioner have touted the governor’s 2024-2025 state budget, released this week, as a $431 million relief package for Florida homeowners struggling with escalating property insurance premiums. Insurance industry lobbyists, consultants, professors and …
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Category: Southeast News
Date: Fri, 08 Dec 2023 16:27:05 +0000
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Boy Scout Abuse Claims Fund Shouldn’t Pay $21M in Lawyers’ Fees, Judge Says
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Description: The judge presiding over the Boys Scouts of America’s bankruptcy has rejected a $21 million fee request from attorneys hired by law firms representing survivors of child sexual abuse. A group of personal injury firms called the Coalition of Abused …
Full content: The judge presiding over the Boys Scouts of America’s bankruptcy has rejected a $21 million fee request from attorneys hired by law firms representing survivors of child sexual abuse. A group of personal injury firms called the Coalition of Abused …
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Category: National News
Date: Fri, 08 Dec 2023 16:24:16 +0000
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Specialist Risk Group Acquires Lloyd’s Broker CBC Partnership
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Description: Specialist Risk Group (SRG) has agreed to acquire the London-based broker CBC Partnership (CBC), subject to the necessary regulatory approvals. Financial details of the transaction were not disclosed. CBC will become SRG’s 19th acquisition, and its 6th in 2023. Under …
Full content: Specialist Risk Group (SRG) has agreed to acquire the London-based broker CBC Partnership (CBC), subject to the necessary regulatory approvals. Financial details of the transaction were not disclosed. CBC will become SRG’s 19th acquisition, and its 6th in 2023. Under …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 16:23:39 +0000
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US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months
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Description: U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion than the same period a year ago. The blame, …
Full content: U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion than the same period a year ago. The blame, …
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Category: National News
Date: Fri, 08 Dec 2023 15:38:19 +0000
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Shadow-Fleet Oil Tanker Runs Aground Near Singapore
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Description: A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of the environmental risks that such vessels pose. A spokesman for the Indonesian navy said the …
Full content: A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of the environmental risks that such vessels pose. A spokesman for the Indonesian navy said the …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 15:33:43 +0000
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Climate Change, El Niño Bring T-Shirt Weather in December for Northern Hemisphere
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Description: It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels more like spring — and forecasters say that’s a sign of what to expect over the next couple of months, …
Full content: It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels more like spring — and forecasters say that’s a sign of what to expect over the next couple of months, …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 15:14:28 +0000
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Authorities in Alaska Suspend Search After Deadly Landslide
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Description: Authorities have suspended the search for the 12-year-old boy still missing following a deadly landslide in the southeast Alaska community of Wrangell. Five people have been confirmed killed in the landslide and their bodies recovered: Otto Florschutz, Timothy and Beth …
Full content: Authorities have suspended the search for the 12-year-old boy still missing following a deadly landslide in the southeast Alaska community of Wrangell. Five people have been confirmed killed in the landslide and their bodies recovered: Otto Florschutz, Timothy and Beth …
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Category: West News
Date: Fri, 08 Dec 2023 15:00:07 +0000
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Patriot Growth Adds Connecticut Benefits Firm
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Description: Pennsylvania-based Patriot Growth Insurance Services reports it has acquired Blueprint Benefit Advisors of Hamden, Connecticut. Blueprint provides employee benefits, human resource support, benefits technology, and compliance services. This deal expands Patriot’s footprint in the New England region, which currently consists …
Full content: Pennsylvania-based Patriot Growth Insurance Services reports it has acquired Blueprint Benefit Advisors of Hamden, Connecticut. Blueprint provides employee benefits, human resource support, benefits technology, and compliance services. This deal expands Patriot’s footprint in the New England region, which currently consists …
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Category: East News
Date: Fri, 08 Dec 2023 14:57:25 +0000
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Brown & Brown Acquires Automotive Business Solutions in Colorado
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Description: Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. ABS is an administrator of warranty products in …
Full content: Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. ABS is an administrator of warranty products in …
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Category: West News
Date: Fri, 08 Dec 2023 14:57:03 +0000
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Berkshire Utility Reaches $299 Million Oregon Fire Accord
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Description: Berkshire Hathaway Energy Co.’s PacifiCorp said it will pay $299 million to settle claims over wildfires that burned homes in southwest Oregon, averting another jury trial in litigation that has already exposed the utility to billions in damages. The accord, …
Full content: Berkshire Hathaway Energy Co.’s PacifiCorp said it will pay $299 million to settle claims over wildfires that burned homes in southwest Oregon, averting another jury trial in litigation that has already exposed the utility to billions in damages. The accord, …
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Category: West News
Date: Fri, 08 Dec 2023 14:50:35 +0000
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Police Officer and Utility Worker Killed in Hit-and-Run Crash at Work Site
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Description: A pickup truck driver in a suburb of Boston is accused of crashing into a police officer and a utility employee at a work site, killing them, then pulling a knife on another officer before stealing his cruiser and crashing, …
Full content: A pickup truck driver in a suburb of Boston is accused of crashing into a police officer and a utility employee at a work site, killing them, then pulling a knife on another officer before stealing his cruiser and crashing, …
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Category: East News
Date: Fri, 08 Dec 2023 14:17:10 +0000
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Visiting Nurse’s Killing at Halfway House Renews Pleas for Home Health Care Safety
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Description: The killing of a Connecticut nurse making a house call in October was a nightmare come true for an industry gripped by the fear of violence. Already stressed out by staffing shortages and mounting caseloads, heath care workers are increasingly …
Full content: The killing of a Connecticut nurse making a house call in October was a nightmare come true for an industry gripped by the fear of violence. Already stressed out by staffing shortages and mounting caseloads, heath care workers are increasingly …
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Category: East News
Date: Fri, 08 Dec 2023 13:26:33 +0000
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People Moves: DeCotis Specialty Adds Lyle and Downie to Commercial Lines Team
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Description: DeCotis Specialty Insurance, headquartered in Providence, Rhode Island added Lori Lyle as senior commercial lines account manager, and Jay Downie as a commercial lines insurance broker. Lyle joins DeCotis after spending nearly four decades on the commercial insurance retail side. …
Full content: DeCotis Specialty Insurance, headquartered in Providence, Rhode Island added Lori Lyle as senior commercial lines account manager, and Jay Downie as a commercial lines insurance broker. Lyle joins DeCotis after spending nearly four decades on the commercial insurance retail side. …
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Category: East News
Date: Fri, 08 Dec 2023 13:00:58 +0000
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Vale-BHP Talks With Brazil on Mine Disaster Compensation Delayed
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Description: Talks over a multibillion-dollar settlement for a 2015 mining disaster at an iron ore venture of Vale SA and BHP Group have been suspended by a Brazilian court until early 2024 after the companies and authorities in the country failed …
Full content: Talks over a multibillion-dollar settlement for a 2015 mining disaster at an iron ore venture of Vale SA and BHP Group have been suspended by a Brazilian court until early 2024 after the companies and authorities in the country failed …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 10:31:20 +0000
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Britain’s Financial Conduct Authority Must Act Faster: National Auditor Report
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Description: Britain’s Financial Conduct Authority (FCA) can take too long to act and a sweeping post-Brexit internal revamp to make it nimbler will take years to complete, the National Audit Office (NAO) said in a report on Friday. The FCA regulates …
Full content: Britain’s Financial Conduct Authority (FCA) can take too long to act and a sweeping post-Brexit internal revamp to make it nimbler will take years to complete, the National Audit Office (NAO) said in a report on Friday. The FCA regulates …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 09:36:08 +0000
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People Moves: Newbold Named President of Verisk Extreme Event Solutions; Rudnick Division Manager of FM Global’s AFM
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Description: Verisk, headquartered in Jersey City, N.J., named Rob Newbold president of Extreme Event Solutions. Current President Bill Churney will retire effective December 31. Newbold joined Verisk in 2002 as a risk consultant and most recently served as executive vice president …
Full content: Verisk, headquartered in Jersey City, N.J., named Rob Newbold president of Extreme Event Solutions. Current President Bill Churney will retire effective December 31. Newbold joined Verisk in 2002 as a risk consultant and most recently served as executive vice president …
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Category: National News
Date: Fri, 08 Dec 2023 06:56:27 +0000
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US, UK Say Russia Targeted Officials in Political Cyber Campaign
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Description: The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at what they say is an attempt to undermine democratic processes in both their countries. The UK accused Russia’s main intelligence …
Full content: The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at what they say is an attempt to undermine democratic processes in both their countries. The UK accused Russia’s main intelligence …
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Category: International & Reinsurance News
Date: Fri, 08 Dec 2023 06:20:23 +0000
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Florida Weekly Wage and Max Workers’ Comp Benefit See Biggest Jump Since 1980
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Description: The Florida Division of Workers’ Compensation has released the maximum weekly wage benefit for 2024 and it’s the largest two-year jump in wages in more than four decades. Florida law sets the maximum indemnity benefit for injured workers at 100% …
Full content: The Florida Division of Workers’ Compensation has released the maximum weekly wage benefit for 2024 and it’s the largest two-year jump in wages in more than four decades. Florida law sets the maximum indemnity benefit for injured workers at 100% …
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Category: Southeast News
Date: Fri, 08 Dec 2023 06:01:48 +0000
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Judge Gives Early Nod to GEICO’s $5M Settlement in Georgia Class Action
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Description: GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem taxes when their …
Full content: GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem taxes when their …
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Category: Southeast News
Date: Fri, 08 Dec 2023 06:01:26 +0000
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Travelers Wins CGL v. E&O Battle in Insurance Agency Defamation Case
Author: Andrew G. Simpson
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Description: Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and settlement costs, a federal …
Full content: Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and settlement costs, a federal …
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Category: East News
Date: Fri, 08 Dec 2023 06:00:19 +0000
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Two Charged in 40 Crimes Including Thefts of 16 Luxury Cars Worth $1 Million
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Description: Massachusetts Attorney General Andrea Joy Campbell announced indictments against two men for a total of 50 crimes including thefts of 16 luxury cars valued at more than $1 million. Dyllan Lopes, age 21 of Quincy, was indicted for 31 crimes …
Full content: Massachusetts Attorney General Andrea Joy Campbell announced indictments against two men for a total of 50 crimes including thefts of 16 luxury cars valued at more than $1 million. Dyllan Lopes, age 21 of Quincy, was indicted for 31 crimes …
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Category: East News
Date: Fri, 08 Dec 2023 06:00:10 +0000
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Regulatory Battles In Personal Lines Ahead; Allstate May Drop Customers
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Description: Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and insurers. Tim Zawacki, principal insurance analyst, …
Full content: Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and insurers. Tim Zawacki, principal insurance analyst, …
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Category: National News
Date: Fri, 08 Dec 2023 05:55:38 +0000
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