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INSURANCE NEWS
AM Best Upgrades Credit Ratings of Arkansas’ Kinsale
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Kinsale Insurance Company (Kinsale) based in Little Rock, Arkansas. The outlook of …
People Moves: TDI Names Kranes as Deputy Commissioner of Strategy and Performance
The Texas Department of Insurance (TDI) announced Michelle Kranes as deputy commissioner of the Strategy and Performance Division on August 17. Kranes will oversee the division that supports TDI’s strategic planning, performance and risk management, and process improvement through technology, …
Alfalfa Sprouts Linked to Food Poisoning in Minnesota and Wisconsin
Minnesota health officials are warning consumers not to eat certain brands of alfalfa sprouts that have been tied to an unusual outbreak involving different disease-causing bacteria. Officials say 23 people in Minnesota have become ill with either E. coli or …
Wisconsin Food Manufacturer Cited After Worker Fatalities
The U.S. Department of Labor has cited a Wisconsin-based food products manufacturer after two incidents involving industrial kettles releasing hot steam and liquid, causing three worker deaths and two serious injuries. Investigators with the department’s Occupational Safety and Health Administration …
Texas Court Slashes $50M Judgment Against Alex Jones
A Texas court on Friday slashed a $50 million judgment that conspiracy theorist Alex Jones was ordered to pay families of the 2012 Sandy Hook Elementary School massacre over his false claims that one of the deadliest mass shootings in …
Despite Risk, Speeding Becoming Normalized AAA Study Finds
A new study suggests that some drivers feel speeding is okay despite the risks, according to the AAA Foundation for Traffic Safety (AAAFTS). While most drivers agreed that posted speed limits are appropriate, many also considered driving 10 mph over …
Highest-Ever Ocean Temperature Measured as Super El Niño Forms
Scientists have recorded the highest temperature ever measured in the world’s oceans, as climate change combines with a powerful El Niño in the tropical Pacific.The global average sea-surface temperature hit a record 21.1C (70F) on Aug. 22, according to Europe’s …
Register: Risky Future AI Tools for Insurance BPO & Consulting ‘Demo Day’ on August 26
Insurance Journal’s Risky Future series is hosting the “AI Tools for BPO & Consulting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Retail Agencies and Operations Executives. This event spotlights AI solutions that focus …
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US
USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to a lawsuit filed earlier this month in U.S. District Court for the Eastern District …
Miami Restaurateur, Telemundo Station President Killed in Kenya Helicopter Crash
The family of a Miami restaurateur say they are “devastated and heartbroken” after he and six others were killed by a safari helicopter crash in a remote part of northern Kenya. A helicopter crashed Wednesday morning while flying from the …
Jury Says NYTimes Defamed Alabama Basketball Player, Awards $9.5M
An Alabama jury on Thursday awarded $9.25 million in damages after finding that The New York Times defamed a college basketball player by incorrectly reporting that he was at the scene of a fatal shooting in Tuscaloosa. Kai Spears, who …
Germany Says Weapons Cache Points to Hybrid Attack Plans
Germany’s top security official confirmed the discovery of a cache of weapons on the outskirts of Berlin and said authorities are investigating the possible involvement of foreign security agents in a range of planned attacks. The revelation by Interior Minister …
