INSURANCE NEWS
Supreme Court Seems to Favor NRA in Free Speech Case Against Insurance Regulator
Supreme Court justices appeared receptive Monday to National Rifle Association claims that a former New York state official violated its free-speech rights by pressuring banks and insurance companies to blacklist the group after the deadly school shooting in Parkland, Florida. …
Member of Major Catalytic Converter Theft Crew Sentenced to More Than Three Years
A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machines. Nicolas …
Higginbotham Expands Oklahoma Presence With Glenn Harris & Associates
Higginbotham announced it has doubled its presence in Oklahoma’s by adding Glenn Harris & Associates. Glenn Harris & Associates of Oklahoma City was founded by Principal Glenn S. Harris in 1987. The firm provides customers with one-on-one service and education …
Midwest Tornado Outbreak Linked to Record Winter Warmth
This winter’s record warmth provided the key ingredient for a Midwest outbreak of deadly tornadoes and damaging gorilla hail that hit parts of the Midwest last Wednesday and Thursday, tornado experts said. At least three people were killed in Thursday’s …
Boundless Rider Expands Motorcycle, Powersport Coverage to Illinois
Boundless Rider, a new insurtech focused on insurance for motorcycle and powersport riders, announced that policy coverage is available for purchase in Illinois. Owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds can now obtain coverage through …
NTSB Investigates Fatal Crash Involving Ford Electric Vehicle in San Antonio
The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, involving a Ford electric vehicle that may have been using a partially automated driving system. The agency said in a statement Friday that a team of …
Ohio Governor Declares Emergency After Deadly Severe Storms
COLUMBUS, Ohio (AP) — Ohio’s governor has declared a state of emergency in 11 counties across central Ohio struck by severe weather last week. Gov. Mike DeWine also activated the Ohio National Guard to help officials in one county, Logan …
Louisiana Truck Driver Charged After Deadly 2023 Pileup
RESERVE, La. (AP) — A Louisiana truck driver has been charged with negligent homicide for his role in a fiery highway pileup that left eight dead last year after a “super fog” of marsh fire smoke and dense fog snared …
5th Circuit Finds Travelers Policy Excluded Waste Dumping by Mississippi Firm
Courts have found that policy exclusions often fail due to ambiguous wording. In the case of a Mississippi company that allegedly dumped corrosive wastewater into sewer systems, though, Travelers Casualty and Surety Company’s pollution exclusion seems to have nailed it, …
Bankrupt Crypto Lender Genesis to Pay $21M to Settle SEC Charges
Genesis Global Capital LLC has agreed to pay a $21 million civil fine to settle charges that it illegally sold securities through its crypto lending program without registering them, the U.S. Securities and Exchange Commission said on Tuesday. The deal …
Houthi Militants Target Tanker in Red Sea, Yemeni Military Source Says
Yemen’s Houthis said they have targeted a tanker, MADO, in the Red Sea with naval missiles and Israel’s Eilat region with winged missiles, the group’s military spokesman Yahya Sarea said on Tuesday. MADO is a Marshall-Islands flagged LPG tanker heading …
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting Society’s 2024 cyber symposium in New York City. …