Insurance
Under New Owners, Florida’s TRUE Gets Slight Downgrade, Withdraws from AM Best
Six weeks after Trusted Resource Underwriters Exchange, a Florida-based reciprocal property insurer, announced it had received a $1.25 billion capital investment and new majority ownership, the AM Best rating firm has slightly downgraded the exchange’s financial strength and credit ratings. …
Read More Waymo Recalls 444 Self-Driving Vehicles Over Software Error
Alphabet’s Waymo unit has recalled 444 self-driving vehicles after two minor collisions in quick succession in Arizona because a software error could result in them inaccurately predicting the movement of a towed vehicle. All of the vehicles are in the …
Read More Georgia, NC Women Face Insurance Fraud Charges After Auto Accident Claims
Georgia law enforcement authorities were searching for a Lawrenceville woman who allegedly submitted fabricated medical records in an auto insurance claim in an effort to collect $15,000, the state insurance commissioner said. The insurer was not named in the bulletin …
Read More US Offers Up to $10M Reward for Info Leading to Leaders of Notorious Ransomware Gang
If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million for anyone who can …
Read More Canada’s Co-operators Enters Home-Services Business With Carson Dunlop Purchase
Co-operators Financial Services Ltd. announced the acquisition of the parent company of Carson Dunlop & Associates Ltd., a consulting engineering firm that provides advice to help homeowners make better, more informed decisions about their homes, while also providing education and …
Read More New Bill Would Still Permit Smoking in Atlantic City Casinos But With More Restrictions
Atlantic City casinos would be able to continue to allow gamblers to smoke on the casino floor under a new bill that would impose additional restrictions on lighting up. New Jersey state Sen. John Burzichelli introduced a bill Monday giving …
Read More Pennsylvania’s State Courts Restore Website Services Disrupted by Cyber Attack
The Pennsylvania state court system has restored all of its digital platforms that were disrupted by a February 4 cyber attack. In an update, Chief Justice Debra Todd reported that the system’s news, statistics, court opinions and the civics educational …
Read More People Moves: Swanick and Hayes Join Centri; Haan Heads World Insurance HR; Carson Joins Risk Strategies
Swanick and Hayes Join Centri Centri Business Consulting, headquartered in Philadelphia, hired John Swanick as senior director and Joe Hayes as managing director to lead its insurance practice. Swanick and Hayes bring over 70 years of combined insurance and financial …
Read More South Africa’s President Will Sign Health Insurance Bill Into Law
South Africa’s President Cyril Ramaphosa said on Thursday that he planned to sign into law a National Health Insurance (NHI) bill that aims to provide universal health coverage to South Africans, although he did not give a time frame. The …
Read More Russia’s Aeroflot Finalizes Insurance Settlement for 7 More Planes
Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday. Planes leased by Russian airlines from foreign leasing companies have been in limbo since sanctions were imposed over Russia’s military campaign in Ukraine …
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