INSURANCE NEWS
Baltimore Officers’ Fatal Shooting of Armed Man Under Investigation
The Maryland attorney general is investigating a fatal officer-involved shooting that occurred in Baltimore on the afternoon. of November 7 According to the state, officers with the Baltimore police department fatally shot an armed man in 2600 block of Wilkens …
Before and After: Managing Through the Cycle of a Cyber Attack
In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. “Cyber insurance is such a critical tool when you think about having a policy and having an …
Indiana Woman Arrested After Driving Car Into Building She Thought Was `Israel School`
INDIANAPOLIS (AP) – A woman who allegedly drove her car into a building in Indianapolis after watching coverage of the Israel-Hamas war told officers she believed the building was an “Israel school,” according to police and court records. One adult …
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd’s also said it …
Iowa to Pay $10 Million Settlement to Siblings of Starved Teenager
Iowa will pay $10 million to the siblings of an adopted 16-year-old girl who weighed just 56 pounds (25 kilograms) when she died of starvation in 2017, according to a state board that approved the settlement Monday. Sabrina Ray was …
People Moves: Marsh McLennan Appoints Potter US and Canada Chief Commercial Officer
Marsh McLennan appoints Potter US and Canada Chief Commercial Officer Marsh McLennan, headquartered in New York, N.Y., appointed Susan Potter as U.S. and Canada commercial officer. Based in Washington, D.C., Potter brings more than 25 years of commercial and public …
FAA to Hold New Round of Runway-Safety Meetings After Close Calls
The U.S. Federal Aviation Administration (FAA) said on Monday it would hold runway safety meetings at 16 additional airports in the coming weeks after a series of troubling close-call aviation incidents. In August, the FAA said it was holding meetings …
Ransomware, Extortion Claims See ‘Worrying Reurgence,’ Says Allianz
Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a new report. The business insurance company’s analysis …
Life After Runoff? Anchor Insurance Exploring ‘Possibilities’ in Warming Florida Market
It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never happened in Florida, industry experts say. But that may be what is about to …
Markets/Coverages: SURE Brings Commercial Coverage to South Carolina
SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering. …
IMA Acquires LTC Performance Strategies in Southern California
LTC Performance Strategies Inc. in Southern California has been acquired by IMA Financial Group. Following the acquisition, LTC’s leadership will join IMA. LTC will become LTC, an IMA company and will maintain its headquarters in Valencia, California. LTC will complement …
Nevada High Court Postpones NFL Appeal in Gruden Emails Lawsuit Until January
The Nevada Supreme Court has pushed back to Jan. 10 the date for oral arguments in a contract interference and conspiracy lawsuit filed against the NFL by former Las Vegas Raiders coach Jon Gruden. Postponement of the hearing, originally scheduled …