INSURANCE NEWS
Judge Dismisses Notre Dame Professor’s Defamation Suit Against Student Newspaper
SOUTH BEND, Ind. (AP) — A judge last week dismissed a University of Notre Dame’s professor’s defamation lawsuit against a student-run publication over news coverage of her abortion-rights advocacy. St. Joseph County Superior Court Senior Judge Steven David found that …
US Merchant Vessel Struck by Anti-Ship Missile as Shippers Told to Avoid Red Sea
Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most important trade artery remains too risky for navigation. The Gibraltar Eagle, sailing under the flag of the Marshall Islands, was …
Federal Reinsurance Backstop for Catastrophes: APCIA Says No Thanks
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a federal remedy could create more problems. “Federal solutions to …
Lawmakers Urge SEC to Fix Cybersecurity After X Account Hack
U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator’s X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly …
Alabama City Councilman Charged with Insurance Fraud
Alabama authorities last week charged a city councilman with insurance fraud, alleging that he falsely claimed he had purchased a BMW vehicle. Derrick Griffin, a councilman in Prichard, next to Mobile, was indicted by a grand jury in December. He …
Florida OIR Report Shows Indemnity Paid was Much Higher for Litigated Claims
Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a report that underscored the impact that excessive claims litigation had on insurers but which also noted that some key data …
Record High Tide in Maine Washes Away 3 Historic Fishing Shacks
A record high tide in Maine washed away three historic fishing shacks that had stood since the 1800s and formed the backdrop of countless photographs. Michelle Erskine said she was visiting fisherman’s point at Willard Beach in South Portland on …
People Moves: Banks Joins Alliant in California as EVP
Tyler Banks joined Alliant Insurance Services as executive vice president, Alliant Private Client. Banks previously served as North America practice leader, president and CEO, personal lines at WTW. Alliant is based in Irvine, Calif.,
Emergency Federal Aid Approved for Connecticut Following Severe Flooding
Connecticut is receiving emergency federal aid following severe flooding this month that caused dam breaches and road closures. President Joe Biden on Saturday approved an emergency declaration for the state that authorizes the Department of Homeland Security, the Federal Emergency …
Former Philadelphia Police Commander to Be Reinstated After Arbitrator’s Ruling
Philadelphia police say a former high-ranking commander fired after he was charged with sexual assault will be reinstated following an arbitrator’s ruling in the wake of the dismissal of the cases against him. Carl Holmes “will return to his previous …
US House Votes to Repeal Labor Board Rule on Contract, Franchise Workers
The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain …
Ukraine in Talks With Marsh on War Risk Insurance for Air Transport
Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February …