INSURANCE NEWS

Murdaugh Sues Clerk Whose Actions Led to Overturning His Murder Conviction

Alex Murdaugh has filed a lawsuit against the court clerk whose behavior during his murder trial led the South Carolina Supreme Court to overturn his convictions and life sentence for the deaths of his wife and son. The suit filed …
Read More

Iran Consolidating Control of Hormuz With Checkpoints, Vetting and Sometimes ‘Fees’

The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-meter-long Agios Fanourios I, laden with Iraqi crude …
Read More

Arthur J. Gallagher’s RPS Acquires McKee Risk Management

Risk Placement Services, Inc. (RPS) reports it has acquired McKee Risk Management, Inc., a King of Prussia, Pennsylvania-based program administrator. Terms of the transaction were not disclosed. McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services …
Read More

UPS Saw No Need for Changes After 2011 Boeing Defect Letter

A US safety investigator said United Parcel Service Inc. decided not to take further action after reviewing a 2011 service letter from Boeing Co. that flagged failures of a key structural component in the type of plane that later crashed …
Read More

Virginia Governor Vetoes Bill to Allow Class Actions

Virginia will remain as one of only two states where courts do not allow class actions. Gov. Abigail Spanberger, a Democrat, has vetoed a measure that would have initiated a procedure to allow class actions in state courts. The legislature …
Read More

Fears of Unfettered Hacking Spurred by Anthropic’s Mythos AI Model Overstated

Early fears that Anthropic’s new AI model, Mythos, could dramatically turbocharge hacking are looking overstated a month after its release. The company warned at launch in April that Mythos had uncovered thousands of software vulnerabilities — including flaws across every …
Read More

People Moves: Gallagher Appoints Practice Leaders From Assured Partners; Willis Makes Moves Across Corporate Risk & Broking North America Growth Leadership

Gallagher Appoints Practice Leaders From Assured Partners Gallagher is expanding its US retail brokerage capabilities with the appointment of the new practice leaders. Alush Garzon, managing director, manufacturing, brings extensive experience developing comprehensive risk management programs for manufacturers and has …
Read More

United Arab Emirates’ Image as Middle Eastern Haven Is Tested by Iran War

The United Arab Emirates for decades has advertised itself as a haven for international business in a Middle East awash in violent upheaval. Those waves have now crashed into this nation, testing its economic model like never before. The UAE, …
Read More

Small Plane Crash Near Austin Caused by Inflight Breakup, Report Finds

The small plane that crashed while carrying four pickleball players to a tournament near Austin last month had problems with freezing instruments before it broke apart midair, according to a preliminary federal investigation report released Friday. The Cessna 421C took …
Read More

Tankers Exit Strait of Hormuz With 6 Million Barrels of Crude Oil

Two supertankers exited the Strait of Hormuz on Wednesday while another is making its way out, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude oil onboard, shipping data on LSEG …
Read More

UK Warned of Housing Market Risks as Flood Re’s Future Unclear

The UK government must provide clarity on the future of Flood Re or risk seeing its failure to do so feed through to the country’s housing market. That’s according to the Climate Change Committee, a group created back in 2008 …
Read More

Michigan Secures Settlement With Car Financing Company Over Auto-Repair Agreements

Michigan Attorney General Dana Nessel has secured an agreement with West Creek Financial, Inc., a Virginia corporation doing business under the name Koalafi, to resolve allegations that the lease-to-own financing company violated the Michigan Consumer Protection Act and Rental-Purchase Agreement …
Read More