Insurance
Oklahoma Insurance Department Adopts Surplus Lines Automation Suite
The Oklahoma Insurance Department announced the adoption of the Surplus Lines Automation Suite (SLAS) for the reporting and payment of all Oklahoma surplus lines premium taxes beginning January 1, 2024. For all Oklahoma policies effective January 1, 2024, and after …
Read More People Moves: XPT Specialty Adds Swift to Brokerage Team; Alliant Names Davis Employee Benefits VP in Kansas City
Swift Joins XPT Specialty Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift served as a senior commercial underwriter at Chubb Insurance, …
Read More US Officials Say Russian Hackers Are Launching Potential SolarWinds-Style Operations
U.S. officials say that Russian hackers are targeting servers hosting outdated versions of software made by the Czech tech company JetBrains for potential SolarWinds-style espionage operations. In a statement released on Wednesday, the U.S. National Security Agency, the FBI and …
Read More NHTSA Opens Probe Into 447,000 VW, Audi Vehicles
A U.S. auto safety regulator said on Thursday it is opening an investigation into 447,000 Volkswagen Golf and Audi A3 and cars over fuel leak reports and whether a 2016 recall adequately addressed the issue. The National Highway Traffic Safety …
Read More Football Player Araiza Dropped From California Rape Lawsuit
Former Buffalo Bills punter Matt Araiza is being dropped from a lawsuit filed by a woman who alleged she was raped by San Diego State University football players in 2021, it was announced. The woman agreed to dismiss Araiza from …
Read More Trump Again Denied Presidential Immunity in Carroll Defamation Case
A federal appeals court panel has rejected former President Donald Trump’s attempt to shield himself from a defamation suit by claiming presidential immunity. The three-judge Second Circuit Court of Appeals panel agreed with a federal district court that Trump waived …
Read More Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door
While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance issues. Agree or not with the premise …
Read More Parent of Key SiriusPoint Shareholder Goes Into Receivership; Ratings Impact Neutral
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken into private receivership by its lenders in Singapore. CMIG International Holding Pte Ltd (CMIH) is the parent company of CM …
Read More SC Appeals Court: Insurer’s Bad Faith Meant Award Was 10X Policy Limit
Jose Castillo didn’t ask his insurance company to defend him from a lawsuit that alleged his shoddy construction caused millions of dollars in water damage to a townhouse project, so his insurer didn’t provide a defense. That turned out to …
Read More Markel International Launches Specialty Division, Led by 2 Hires From Brit
Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will be spearheaded by Tom Hillier as divisional managing director. The Specialty unit will be supported by the addition of a …
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