INSURANCE NEWS
X Corp. Loses Fight to End FTC Privacy Oversight
X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social media platform’s data privacy policies and block the agency from questioning company owner Elon Musk. US Magistrate Judge Thomas Hixson …
Best Agency to Work For – Silver South Central: CoVerica Insurance
At CoVerica Insurance, employees live by four precepts: Die to self (i.e., set aside your pride, biases, prejudices and personal history); Actions sought to support the best interests of all involved; Do the right things for the right reasons; and …
Texas AG Sues Pfizer Over Quality-Control Lapses in Kids’ ADHD drug
Texas Attorney General Ken Paxton accused Pfizer PFE.N and its supplier Tris Pharma of providing children’s ADHD medicine that it knew might be ineffective to the state’s Medicaid insurance program for low-income people, in a lawsuit unsealed on Monday. The …
New Law Lets New York Auto Insurers Waive Photo Mandate Starting Next May
New York finally has a law on the books that allows insurance companies to waive pre-insurance photo inspections. Bills to permit inspection waivers have been introduced since 2009. Gov. Kathy Hochul recently signed one with the lofty title of “Auto …
Storms Delay Search for Crew Missing After Turkish Cargo Ship Sinks in Black Sea
Severe storms have delayed a search-and-rescue operation for 12 crew members of a cargo ship that sank off Turkey’s Black Sea coast, Interior Minister Ali Yerlikaya said Monday. The Turkish-flagged Kafkametler sank on Sunday after hitting a breakwater outside the …
National Weather Service Surveying Tornado Damage In Arizona Town
A tornado that hit the town of Star Valley in Ariona prompted the National Weather Service`s Flagstaff branch to survey damage to the area, the organization said. Officials from the town located about 95 miles northeast of Phoenix said at …
When Extreme Weather Hits, Smaller Farms Often Pay the Price
Justin Ralph estimates he`s made about 200 trips delivering grain from the fields he farms with his brother and uncle this year. They`re accustomed to using their four semi-trucks to take the harvest from a total of about 800 acres …
Supreme Court Won’t Hear Delaware’s Captive Insurance Documents Battle With IRS
The state of Delaware has lost its fight with the Internal Revenue Service (IRS) over the release of information on captive insurers, a fight the state took all the way to the Supreme Court. The Supreme Court on Monday declined …
Tesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon.
In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he drove along the Capital Beltway to his …
Reinsurers’ Earnings Rise on Lower Disaster Losses, Improved Investment Results: Fitch
Lower natural catastrophe losses, a better investment result and strong revenue growth in property/casualty reinsurance led to strong earnings’ increases for the four main European reinsurers in the nine month-period of 2023, according to Fitch Ratings in a new report. …
DP World Attack ‘Stark Reminder’ About Prioritizing Cyber Spend: Australia Watchdog
Australia’s markets regulator wants companies and directors to prioritize cyber resilience, warning it will take action against businesses that fail to make reasonable investments to protect themselves. Australian Securities and Investments Commission Chair Joe Longo said this month’s cyberattack on …
Climate on Track to Warm by Nearly 5.2F Without Aggressive Actions: UN Report
Countries’ current emissions pledges to limit climate change would still put the world on track to warm by nearly 3 degrees Celsius this century, according to a United Nations analysis released Monday. The annual Emissions Gap report, which assesses countries’ …