Insurance
Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery
The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has received consumer …
Read More Man Accused of Starting Wildfire Near Arizona-California Border
A Yuma man has been arrested for allegedly starting a wildfire in a national wildlife preserve in southwest Arizona near the California border, according to authorities. Yuma County Sheriff’s officials said 47-year-old Jason Bradley Martin remains jailed on suspicion of …
Read More Restaurant Workers’ Battle for Higher Minimum Wage Goes National
US restaurants grappling with high costs and penny-pinching consumers are making a tough pitch to voters: that boosting pay to millions of workers is a bad idea. At least four states are set to vote on measures to make restaurants …
Read More Kentucky, Alabama Towns Dealing with Tornado Damage, Florida Feeling Record Heat
The latest community left with shattered homes and no power was the tiny Kentucky town of Charleston, which took a direct hit Sunday night from a tornado that the governor said appeared to be on the ground for 40 miles …
Read More New Jersey Contractor to Pay $13K Penalty After Worker’s Fatal 5-Story Fall
The federal Occupational Safety and Health Administration (OSHA) reports it has reached a settlement agreement with a New Jersey contractor after a worker suffered a fatal fall at a Bayonne worksite in October 2023. The settlement followed an OSHA inspection …
Read More Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The …
Read More People Moves: Ryan Hired to Head Hyperexponential US P/C; Carnes Named Nationwide’s Chief Pet Officer
Insurtech hyperexponential has hired Risa Ryan as head of US P/C. Risa was most recently chief underwriting officer at Sompo International. She will be based in New York. She has over 25 years of industry experience, having spent over a …
Read More Hacking Group Claims It Stole Client Data From Christie’s
After a cyberattack on Christie’s auction house earlier this month, a hacker group called RansomHub claimed responsibility. In a post on the dark web Monday, RansomHub said that it had gained access to the personal information of the firm’s wealthy …
Read More Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s
Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets participating and capacity available, to protect clean …
Read More Missiles Hit Ship Twice in a Day in Houthi-Ravaged Red Sea
A ship was hit by missiles for a second time while sailing through the Red Sea on Tuesday, the UK Maritime Trade Operations said. The master of the vessel reported being struck again by missiles 33 nautical miles northwest of …
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