INSURANCE NEWS

Co-Owner of Maine Lumber Mill Dies of Injuries From Fire and Explosion

The co-owner of a Maine lumber mill has died from injuries he sustained during a fire and explosion at the facility, bringing to three the number of fatalities. Alden J. Robbins died last Thursday from injures he suffered in the …
Read More

Murdaugh’s Saga Continues With New Trial Date Set for April 5

Alex Murdaugh was back in court Monday on charges he killed his wife and son, appearing silently at a pretrial hearing that was mostly short on substance but long on spectacle as the true crime sensation continues to captivate. Murdaugh’s …
Read More

Google Loses Fight Against Record €4.1 Billion EU Antitrust Fine

Alphabet’s Google on Thursday lost its long-running fight against a record EU antitrust fine for using its Android mobile operating system to block rivals, a court ruling which is seen as likely to boost Europe’s crackdown on Big Tech. The …
Read More

Europe Targets Shadow Fleet Tankers Falsely Using Cameroon Flag, Sources Say

Europe is taking tougher action against tankers falsely using Cameroon’s flag registry to transport Russian oil, including boarding vessels at sea, prompting Cameroon to dump 39 such vessels from its ship registry, according to officials and documents. On June 8 …
Read More

AI Poses Biggest Security Challenge of Decade, UK’s Cooper Warns

The world must urgently develop guardrails to contain the threat posed by artificial intelligence, Britain’s foreign secretary is set to warn. Yvette Cooper will say that AI may become the “greatest security challenge of the next decade,” calling for international …
Read More

FBI Probes Whether Alarum Unit Is Behind Co-Opted Home Devices

The FBI is investigating whether a subsidiary of the data-collection firm Alarum Technologies Ltd. had a role in linking customers’ home internet devices without their consent into a network that people can use to disguise their locations, according to documents …
Read More

Agent-Carrier Relationships Improving, Survey Shows

Maybe it’s the result of a softer market. Or maybe deliberate carrier investments in agency relationships are paying off. First Connect Chief Executive Officer Aviad Pinkovezky tossed out the two possibilities to explain the markedly improved picture of agents’ ability …
Read More

Alabama DOI Lifts 16-Month Moratorium on New Captive Insurers in the State

Now that a new Alabama law has had time to take effect, the state Department of Insurance has lifted a 16-month moratorium on new captive insurance companies in the state. A captive manager and supporter of the new law said …
Read More

Supreme Court to Weigh If States’ Assault Weapons Bans Violate Second Amendment

A Supreme Court that has expanded gun rights will consider whether bans on semiautomatic rifles, often called assault weapons, violate the Second Amendment. The justices said Tuesday they will hear appeals challenging bans on the AR-15 and similar semiautomatic firearms …
Read More

AM Best Places Credit Ratings of Topa in California Under Review

AM Best placed under review the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Topa Insurance Company in Calabasas, California. The review includes subsidiary Dorchester Insurance Company Ltd. in the U.S. Virgin …
Read More

The Race to Rescue 8,000 Sailors Still Stranded Behind Hormuz

At anchor in the Persian Gulf, Abhijit Chopra found out about the US-Iran peace deal when his phone lit up with messages from family and friends. The captain of a crude oil tanker, he had to temper his excitement. There …
Read More

Ex-Michigan Police Lieutenant Pleads Guilty to Falsifying Salvage Vehicle Inspections

A former Lincoln Township, Michigan Police Department Detective Lieutenant has pled no contest to falsifying salvage vehicle inspections, announced Michigan Attorney General Dana Nessel. Johnathan Chase, 54, of Stevensville, pled to one count of Misconduct in Office and one count …
Read More