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INSURANCE NEWS
Popcorn Machine Catches Fire at Oklahoma Basketball Game
Oklahoma men’s basketball’s offense wasn’t the only thing that caught fire in the Sooners’ game on Saturday, Feb. 14. A popcorn machine caught fire at Lloyd Noble Center in Norman during the first half of OU’s game against Georgia, sending …
Pinpoint Predictive Secures Approval in Ohio and Georgia
Pinpoint Predictive, a risk assessment platform for property and casualty insurers, announced that its rating models have been approved for use in Ohio and Georgia, bringing its total number of approved states to nine. Insurers operating in Ohio and Georgia …
Houston Companies to Pay $200K to Workers Fired for Asbestos Concern
The U.S. Department of Labor has ordered two Houston, Texas-based construction companies and their owners to reinstate and compensate two workers who were fired for raising asbestos concerns during repair of a hotel after Hurricane Beryl. The department’s Occupational Safety …
Texas AG Sues Factory After Residents Complain About Noxious Odors
Texas’ top lawyer is taking a manufacturing company to court, saying its Bastrop plant smells like “boiling blood, and even death” and is making life miserable for people as far as 10 miles away. Attorney General Ken Paxton filed a …
Severe Drought Prompts Burn Bans, Water Usage Restrictions in South Florida
South Florida water managers are sounding the alarm as the worst drought in a quarter-century has left parts of the state critically short of groundwater and reservoir supplies. “Without conservation, water supplies over the remainder of the dry season may …
People Moves: Finys Names Theme as CCSO
Finys, aprovider of insurance software solutions for property and casualty carriers, announced that Emeka Iheme has joined the company as Chief Customer Success Officer (CCSO). Iheme brings more than 20 years of experience leading professional services, customer success, and client …
Bayer to Make $10.5 Billion Push to Settle Roundup Cases
Bayer AG is preparing to announce a $10.5 billion settlement push to resolve current and future cancer lawsuits over its top-selling Roundup weedkiller, according to people familiar with the plan. The German conglomerate is set to propose a $7.5 billion …
Tapco Underwriters MGA Rebrands as CRC Tapco
Tapco Underwriters, a North Carolina-based managing general agent, has new livery and a new name, 17 years after it was acquired by CRC Insurance Services. The MGA will now be known as CRC Tapco and will continue to focus on …
3 Killed, 3 Injured in Shooting at High School Hockey Arena in Rhode Island
Rhode Island officials said that three people, including the suspected gunman, are dead, and three others were injured in a shooting during a high school hockey game at a Pawtucket arena on Monday afternoon. Police said the shooting appears to …
Rich World’s Growing Civil Unrest Has an Insurance Sting
A category of insurance risk that hardly existed a little over a decade ago has morphed into a meaningful source of losses for the industry. Claims tied to SRCC — strikes, riots and civil commotion — are emerging as a …
Beacon Mutual CEO Spero to Retire in 2027; Vitale Named Successor
Rhode Island-based Beacon Mutual Insurance Co. reported that President and Chief Executive Officer Brian J. Spero will retire effective March 31, 2027, after more than 18 years of service to the company. Amy C. Vitale, Esq., executive vice president and …
UK Eyes Rapid Ban on Social Media for Under 16s, Curbs to AI Chatbots
Britain could bring in an Australian-style ban on social media for children under 16 as early as this year and close a loophole that left some AI chatbots outside safety rules, as part of government efforts to respond more quickly …
