INSURANCE NEWS
UK Weighs Criminal Liability for Self-Driving Car Companies
Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the most serious cases. New legislation, introduced in today’s speech by King Charles III, who arrived at parliament in a horse-drawn …
Gulf of Mexico Oil and Gas Lease Sale Postponed Amid Legal Battles Over Endangered Whale Protections
NEW ORLEANS (AP) – An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed last week amid legal fights over protections for an endangered species of whale. A federal appellate panel last week paused a …
TWIA Expects Policy Count to Grow in 2024, Reaching 265,000 by Year End
The Texas Windstorm Insurance Association (TWIA) expects policy count to continue to grow in 2024, the association’s Board of Directors said at an Oct. 31 meeting to review information related to the 2024 budget. Policies in-force are projected to increase …
Warner Pacific Acquires Minnesota’s BeneUSA
Warner Pacific announced that it has expanded into Minnesota by successfully completing its acquisition of BeneUSA LLC (“BeneUSA”), an Excelsior-based employee benefits General Agency specializing in ancillary group insurance products and services that cater to insurance brokers, agents, and their …
People Moves: Spears Joins Alliant Insurance Services in Kansas City
Alliant Insurance Services, headquartered in Irvine, Calif., has named James Spears senior vice president within its Alliant Americas division. He is based in Kansas City, Mo. Spears has over 15 years of experience in property and casualty and risk management. …
Former Chicago Blackhawks Player Alleges Sexual Assault by Video Coach During 2009-10 Season
CHICAGO (AP) – A former hockey player in the Chicago Blackhawks organization has alleged in a lawsuit the team`s former video coach sexually assaulted him during the 2009-10 season and the Blackhawks responded inadequately to his complaint because it didn`t …
People Moves: Alliant Names Sullivan VP in Tampa
Alliant Insurance Services, a major distributor based in California, has named Kyle Sullivan vice president for its Americas Division, based in Tampa, Florida. Sullivan will oversee providing risk management and property and casualty insurance coverage for clients across the Southeast, …
Deadline for More Enhanced Hurricane Idalia Claims Data is Nov. 16
The Florida Office of Insurance Regulation wants property insurers to remember that another deadline for enhanced catastrophe reporting on Hurricane Idalia claims is Nov. 16. The OIR is required by law to collect a range of data on hurricane claims. …
People Moves: Keller, Lynn Join MEMIC; Berisha, Vandermyde Join Rokstone Marine; Rossi Heads Flood Committee
Keller, Lynn Join MEMIC Express Team MEMIC, headquartered in Portland, Maine, hired E.K. Keller as express business segment leader in the Eastern region and Keith Lynn as production underwriter in the company’s Southeast territory. Keller began his insurance career in …
TikTok Must ‘Spare No Effort’ to Counter Spread of Disinformation
TikTok must “spare no effort” to counter the spread of disinformation on the short video sharing app, EU industry chief Thierry Breton told the company’s CEO on Monday, as the European Union steps up its efforts to curb the powers …
Honeycomb Insurance, Using Tech to Bypass Property Inspections, Expands to Virginia
Honeycomb Insurance, a which says its technology eliminates the need for physical property inspections, has won regulator approval to write policies in Virginia. The company, which began operating in 2021, writes in 15 states, including North Carolina, Pennsyslvania and New …
Alibaba’s Ant Receives Chinese Government Nod to Roll Out AI Services
Ant Group Co., the fintech affiliate of Alibaba Group Holding Ltd., received approval from the Chinese government to roll out products powered by its large language model Bailing to the public. Bailing will be applied to Ant’s various services and …