INSURANCE NEWS
Insurtech Foxquilt Announces Capacity Partnership With Markel
Foxquilt, a digital managing general agent specializing in embedded small business insurance technology, announced a strategic and long-term capacity relationship with global specialty insurance provider, Markel. Foxquilt said it utilizes a full-stack underwriting platform, powered by data analytics, to recommend …
As DEI Comes Under Legal Attack, Companies Alter Their Programs
Sophia Danner-Okotie’s has ambitious plans for her Nigerian-inspired clothing line but a sense of dread has punctured her optimism as she watches a legal battle being waged against a small venture capital firm that has provided funding instrumental to her …
Allstate Doesn’t Owe for Diminished Value, But Farm Bureau Barred from Subro, Courts Say
Two court rulings in Southeastern states have underscored insurers’ responsibilities under uninsured motorist laws. In a Mississippi class-action lawsuit, the U.S. 5th Circuit Court of Appeals found that Allstate Property & Casualty Insurance Co. had not violated state law by …
California Has Lowest Number of Fire Departments Per 100K People, Report Shows
California topped the ranking for the states with the fewest fire departments per 100,000 people, a new study shows. The study out this week shows California tied with Florida, and Nevada ranking second and Arizona ranking third. The report, commissioned …
Mayday Call From Burning Cargo Ship Prompted Doomed Rescue Effort
The Grande Costa D’Avorio cargo ship was being loaded with 1,200 West Africa-bound cars at Port Newark last July when a deadly fire began. Dense black smoke limited visibility to about 3 feet, and the floor was so hot it …
Alliant in California Launches Student Health Specialty for Higher Ed
Alliant Insurance Services launched a student health specialty within Alliant Public Entity, offering student medical insurance for domestic and international students. The firm says its program helps higher educational institutions counter high claims trends, while providing resources to make health …
Wildfire Prevention, Helping Maui Recover Top Agenda for Hawaii Lawmakers
Hawaii lawmakers convened this week for the first time since the burning of historic Lahaina awakened the state to the deadly and costly threat posed by wildfires in an age of climate change. The tragedy refocused the attention of lawmakers. …
Red Sea War Risk Insurance Rises With More Ships in Firing Line
War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s Houthi movement and the expectation that ships with a UK or U.S. connection will be targeted, insurance sources said on …
Nebraska Jury Awards $335K to Deaf Truck Driver in Disability Discrimination Case
Trucking companies Werner Enterprises, Inc. and Drivers Management, LLC must pay $335,682 to a deaf truck driver months after an Omaha, Nebraska jury found in favor of the U.S. Equal Employment Opportunity Commission (EEOC) on disability discrimination claims, a federal …
Houston School District Sued for Pay Discrimination
The Houston Independent School District (HISD) violated federal law when it paid female senior Career & Technical Education (CTE) program specialists lower wages than male senior CTE program specialists for performing substantially equal work based on their sex, the U.S. …
Texas Power Grid Operator Issues Conservation Request as Winter Storm Engulfs State
The Texas power grid operator asked residents to conserve power a second time this week as a blast of cold weather plummeted temperatures well below freezing for much of the state. This new conservation request is from 6 a.m. to …
Easland Appointed as Wisconsin Deputy Commissioner
The Wisconsin Office of the Commissioner of Insurance (OCI) announced the appointment of Rebecca Easland to serve as Deputy Commissioner. Deputy Commissioner Easland most recently served as Senior Policy Advisor with the International Association of Insurance Supervisors (IAIS). During her …