Insurance
Storms Destroy Nearly 50 Homes in Southwestern Michigan: Officials
PORTAGE, Mich. (AP) — Nearly 50 homes were destroyed and dozens more were seriously damaged during severe weather last week in southwestern Michigan’s Kalamazoo County, authorities said Monday. The lost homes included 24 mobile homes near Portage, the county’s emergency …
Read More Flood-Prone Houston Faces a Deluge of More Rain: Weather Watch
Heavy rain will sweep across eastern Texas into Louisiana and Mississippi on Thursday, raising flood risks across the Gulf of Mexico states. Flood watches have been posted from Dallas and Houston eastward across Louisiana and Mississippi. There is also an …
Read More King Insurance Acquires Marcus Agency in Connecticut
Florida-based King Insurance Partners announced it has acquired Marcus Insurance, an independent agency based in Wethersfield, Connecticut. The terms were not disclosed. Founded in 1941, Marcus Insurance is a family-run agency with Mitch Marcus as president, and Zach Marcus as …
Read More Colorado City Police Beating Lawsuit Settled for $2.1 Million
Colorado Springs leaders agreed Tuesday to pay $2.1 million to settle a federal lawsuit brought by a Black man who was punched and kicked by police during a traffic stop in 2022. City councilors voted to back the agreement to …
Read More Swiss Re Names Gonzalez CEO of Corporate Solutions, Ojeisekhoba to Step Down
Swiss Re announced that Ivan Gonzalez, CEO Reinsurance China, has been appointed CEO of Corporate Solutions, succeeding Andreas Berger, who is moving into the role of group CEO, effective July 1, 2024. Gonzalez will join the Group Executive Committee at …
Read More Ransomware Frequency Up 64% on Remote Access Tools, Says At-Bay
A 64% jump in ransomware claims in 2023 is driven by an explosion in “indirect” ransomware incidents, up over 415% in 2023, with remote access tools accounting for 58% of attacks. The year-over-year increases were seen among mid-market and emerging …
Read More Driver of Pickup Charged with DUI After Crash with Bus that Killed 8 Farmworkers
OCALA, Fla. (AP) — The Florida Highway Patrol has arrested the driver of a pickup truck that crashed into a farmworker bus early Tuesday, killing eight, on charges of driving under the influence-manslaughter. Bryan Maclean Howard, 41, faces eight counts …
Read More Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B
Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business lost $250 million in 2023, but the loss was projected to be less in 2024. Nevertheless, Swiss Re decided its …
Read More Georgia County Must Pay for Transgender Deputy’s Surgery, Appeals Court Says
ATLANTA (AP) — A federal appeals court has upheld a lower court’s ruling that a Georgia county illegally discriminated against a sheriff’s deputy by failing to pay for her gender-affirming surgery. In its ruling Monday, the 11th U.S. Circuit Court …
Read More Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet …
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