Insurance
California’s Effort to Hold Oil Companies Liable for Natural Disasters Stalls
California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. The bill would have allowed victims of natural disasters, including …
Read More Helicopter Crashes Into Hudson River With Multiple Fatalities
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
Read More People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd to Newly Created Role of Head of Underwriting in Europe
Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately. Reporting to Chloe Gordge, head of War …
Read More $5 Million Recovered for Union Hit by Spoofed Email
The Department of Justice recently recovered approximately $5.3 million for a union hit by a business email compromise (BEC) scheme. The judgment was the result of a civil forfeiture complaint filed by the United States in June 2024 seeking the …
Read More Wisconsin Roofing Contractor Faces $262K Fine for Failing to Protect Employees
The U.S. Department of Labor has cited Wisconsin roofing contractor Bacilio Rios Almanza for failing to protect employees atop a residential roof from fatal fall hazards in Appleton in September 2024. After its investigation, the department’s Occupational Safety and Health …
Read More Markets/Coverages: The Hanover, Hagerty Partner to Provide Collector Car Protection
The Hanover Insurance Group announced a collaboration with Hagerty to provide specialized insurance for classic cars. Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known for with Hagerty’s expertise in collector vehicle claims and …
Read More Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz
Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil unrest or strikes, riots and civil commotion …
Read More California Bill Seeks to Beef up Consumer Privacy Protections for Insurance
A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third-party service providers. Senate Bill 354, the Insurance …
Read More EEOC Chief Shifts Focus to Investigating DEI but Methods Provoke an Outcry
The acting chief of the top federal agency for protecting worker rights has signaled a pivot toward prioritizing President Donald Trump’s campaign to stamp out diversity, equity and inclusion programs in the private and public sectors. The initial steps taken …
Read More West Texas Prepares for Oil Downturn Amid Trump Tariffs
When President Donald Trump boasted about falling oil prices on social media early Monday, the Texas oil and gas industry didn’t cheer along with him. Trump’s latest round of tariffs set off unease among industry groups representing Texas operators. Trade …
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