Insurance
Markets/Coverages: Green Shield Introduces Specialty Homeowners Platform With INSTANDA
Chicago-based Green Shield Risk Solutions has announced the introduction of its specialty homeowners insurance platform built with INSTANDA. Brought to market in just over 90 days, the platform enables quoting, binding and management of affluent homeowners’ insurance in catastrophe-prone states. …
Read More Virginia School Bus Crash Injures 12 Children and Driver
A bus driver and 12 children were hurt when a school bus headed to a southeastern Virginia elementary school overturned Monday morning, officials said. City of Suffolk spokesperson Jennifer Moore said the crash happened around 9:30 a.m. on Cypress Chapel …
Read More Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from Lloyd’s and the Cambridge Centre for Risk Studies. While …
Read More NHTSA Probes Pedestrian Risks at GM’s Self-Driving Unit Cruise
U.S. auto safety regulators on Tuesday opened a probe into whether General Motors’ self-driving unit Cruise is taking sufficient precautions with its autonomous robotaxis to safeguard pedestrians. The National Highway Traffic Safety Administration (NHTSA) said has received two reports from …
Read More Evergreen Line Declares Force Majeure on Israel Shipment: Customer Note
Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concerns, according to a customer note. This is one …
Read More Sam Bankman-Fried’s Lawyer Says FTX Investments Were Not ‘Reckless’
FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by a former executive who called its spending on marketing and celebrity endorsements excessive. Nishad Singh, FTX’s former …
Read More King Insurance Partners Acquires Nashville’s Thetford Brokerage
King Insurance Partners, a brokerage headquartered in Gainesville, Florida, has continued its steady growth with the acquisition of Thetford Insurance Services in Tennessee and Kentucky. Thetford, a boutique firm based in Nashville, was founded in 1992 by John Thetford Sr. …
Read More Authorities Still Digging After Brazen Heist that Took $1.6M in Liquor from Florida Warehouse
The Hillsborough County Sheriff’s Office is still investigating after burglary that swiped more than $1.6 million worth of liquor from a Tampa-area warehouse. The theft happened in July at the Republic National Distributing Co. warehouse in Gibsonton, Florida, and was …
Read More Justice Department Launches Probe of Trenton Police Department
The Justice Department (DOJ) announced it has has opened a civil rights practices investigation into the Trenton, New Jersey police department. Officials said the investigation will seek to determine “whether there are systemic violations of the Constitution and federal law” …
Read More Bronx Contractor Cited For Excavation Hazards After 2 Deaths at JFK Airport
The deaths of two employees of a Bronx water and sewer contractor at a construction site at John F. Kennedy International Airport could have been prevented with proper safeguards, according to investigators with the federal Occupational Safety and Health Administration …
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