INSURANCE NEWS
Insurtechs Unite to Launch InsurTech Coalition
Members from several insurtechs, including Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry announcing the launch of the InsurTech Coalition, a trade organization working to shape the future of insurance. The letter states …
Ransomware Prompts Multistate Hospital Chain to Divert Some ER Patients
A ransomware attack has prompted a healthcare chain that operates 30 hospitals in six states to divert patients from at least some of its emergency rooms to other hospitals, while putting certain elective procedures on pause, the company announced. In …
State Supreme Court Upholds Attorney Fees in Tennessee Workers’ Comp Case
In what could be seen as a rare win for the claimants’ bar in Tennessee, the state Supreme Court upheld a $50,500 award of attorney fees, an amount that is almost double the workers’ compensation benefits paid to the injured …
50,000 New York Drivers Face License Suspension If They Don’t Submit Vision Test
New York drivers who renewed their licenses during part of the coronavirus pandemic face license suspensions on starting Friday, December 1, if they don’t submit vision tests, the state Department of Motor Vehicles warned. Nearly 51,000 drivers statewide could have …
Wisconsin Roofing Contractor Faces $180K in Fines For Repeated Safety Violations
After an Overhead Solutions LLC manager attended an on-site training discussion on fall hazards on May 25, 2023, federal workplace safety inspectors observed the company’s employees working about 30 feet above ground on a Menasha apartment complex roof without adequate …
People Moves: Markel Appoints Howden’s Woodhouse for War and Terrorism Team; Costero Brokers Taps Marsh’s Olley as Cyber Divisional Director
This edition of International People Moves details appointments at Markel and Costero Brokers. A summary of these new hires follows here. Markel Appoints Howden’s Woodhouse for War and Terrorism Team Markel, the insurance operation of Markel Group Inc., has named …
Former Oklahoma Insurance Commissioner Gerald Grimes Passes Away at 82
Former Oklahoma Insurance Commissioner Gerald Grimes passed away this month at the age of 82. Grimes was appointed as Oklahoma’s Eighth Insurance Commissioner in 1975. He served in the role for 16 years. Grimes was born in the Capitol Hill …
Texas CEO and His 2 Children Were Among 4 Killed in Highway Crash Before Thanksgiving
ROUND MOUNTAIN, Texas (AP) – The CEO of a construction company and his two young children were among four people killed the day before Thanksgiving in a three- vehicle crash that was still being investigated Monday. Zach Muckleroy, 44, head …
Michigan Joins Four Other States in Requiring 100% Carbon-Free Energy by 2040
LANSING, Mich. (AP) – Michigan is on the verge of implementing one of the nation’s most ambitious clean energy mandates, aiming to be carbon-free by 2040 in what is a pivotal test of the Democrats’ environmental goals in a state …
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the company following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct. …
Florida Injury Attorney Begins Prison Time for Defrauding Former Players in NFL Lawsuit
A Florida injury attorney who led a class-action lawsuit on behalf of former NFL players, then defrauded his clients out of millions of dollars, is in federal prison after he was sentenced to 14 years. Phillip Timothy Howard, 62, who …
Alleged Leader of Multi-State Auto Fraud Ring Arrested in Florida After 4 Years in Hiding
A Washington State man, on the lam for four years and wanted in connection with $6 million in auto insurance fraud schemes and staged accidents across the country, has been arrested in Florida. The U.S. Marshals Service reported that William …