Insurance
People: BenefitMall Names Scheib Sales Exec, SCDOI Adds Conley as Captive Analyst
BenefitMall, a CRC Group company and employee benefits specialist, has named Jim Scheib sales executive for north Florida, expanding the mall’s commitment to the region, the company said. Scheib has 35 years of experience in employee and group insurance. The …
Read More Florida House Panel Approves ‘Two-Way’ Attorney Fees, Aims at 2022 Reforms
Three bills that would chip away at or substantially reverse 2022 reforms on attorney fees and medical damages passed Florida House subcommittees by wide margins on Thursday. But the consensus at the state Capitol is that most of the proposed …
Read More Student Driver’s Parent Can Be Held Liable for Fatal Crash for Negligent Supervision: Court
A Virginia Court of Appeals has given a green light to a negligence lawsuit seeking to hold a mother responsible for failing to supervise her teenage son who was learning to drive when he hit and killed a person in …
Read More CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two …
Read More Wall Street Brokers Start Trading Insurer Claims From LA Fires
Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …
Read More Tesla Recalls Most Cybertrucks Due to Trim Detaching From Vehicle
Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck. The recall covers just …
Read More Delaware Corporate Law Reform Heads to Final Vote Amid Criticism It Favors Billionaires
Delaware lawmakers are expected to vote as soon as next week to overhaul the state’s corporate law to protect its business-friendly reputation, but opponents have called the bill a giveaway to billionaires. The bill makes it hard for investors to …
Read More CoreLogic: Approximately 170K Properties Potentially Impacted by Severe Storms
Approximately 170,000 properties were potentially impacted by the severe outbreak across the Midwest and Mississippi Valley, in addition to wildfires and dust storms across the Southern Plains, CoreLogic said. The early season tornado outbreak over March 13-16 spawned at least …
Read More Riverstone in Loss Portfolio Transfer Deal With Lyft Subsidiary
RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. 1, 2025. Guy Carpenter was the broker of …
Read More AI Is Turbocharging Organized Crime, EU Police Agency Warns
The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …
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