INSURANCE NEWS
Personal Auto Insurers Have Edge on Innovation: AM Best
After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation. Personal auto insurers’ innovative processes include automated claims management and …
What Risks Do Advanced AI Models Pose in the Wrong Hands?
The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China and Russia with preliminary plans to place guardrails around the most advanced AI models, Reuters reported on Wednesday. Government and …
Spouse Married After Injury Can Still Seek Damages in Asbestos Claim – Fla. High Court
The Florida Supreme Court has opened the door a little wider to wrongful death claims from people who weren’t married to victims at the time of injury, upsetting what defense lawyers said was a decades-old common-law practice. In Ripple vs. …
Dallas to Atlanta Brace for Severe Thunderstorms: Weather Watch
Nearly 22 million people from Dallas to Atlanta will face another round of severe thunderstorms bringing downpours, hail and possibly tornadoes. For the last week, the central and southern US have been battered by ferocious storms and flooding that all …
People Moves: Leif Assurance Promotes Langworthy to Enterprise Relationship Manager
Leif Assurance, a full-service insurance agency that exclusively handles construction insurance, has promoted Melinda Langworthy to the role of Enterprise Relationship Manager. Prior to this new position, she served as the company’s Senior Sales Account Executive. Langworthy will be responsible …
After Deadly Oklahoma Tornado, Storms Bring Twisters to Midwest
DETROIT (AP) — Severe storms battered the Midwest on Tuesday, unleashing a curtain of heavy rain, gusty winds and tornadoes throughout the region a day after a deadly twister ripped through a small Oklahoma town and killed at least one …
Alera Group Acquires Texas’ Trimble-Batjer
Alera Group announced the acquisition of Texas-based Trimble-Batjer. Founded in 1883, Trimble-Batjer provides surety and bonds, business solutions, employee benefits and insurance coverage for auto, home, health and life. The San Angelo agency specializes in construction, oil and gas, farm …
AM Best Revises Ohio Indemnity Company’s Outlook to Positive
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ohio Indemnity Company (OIC) (Columbus, OH). The Credit Ratings (ratings) reflect …
Markets/Coverages: Plymouth Rock Offers Discount on Pet Coverage From Fetch
Northeast auto and home insurer Plymouth Rock Home Assurance and pet insurer Fetch are cooperating on a deal that offers Plymouth Rock insureds a 10% discount on pet insurance for the life of their pet through Fetch. The discount is …
St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium
ST. PETERSBURG, Fla. (AP) — The future of the Tampa Bay Rays is about to come into clearer focus as local officials begin public discussions over a planned $1.3 billion ballpark that would be the anchor of a much larger …
Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties
High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and other news outlets reported that the …
Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted
Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business partners to temporarily disconnect from its systems. Earlier this year, UnitedHealth, the largest U.S. health insurer, had reported a cyberattack …