INSURANCE NEWS

Choice Financial Group Acquires SIA Insurance in New Jersey

Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New Hampshire to Florida. SIA Insurance was formed in …
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New York Fed to Present Research on Impact of Extreme Weather Events

The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial impacts of extreme weather events in the Federal Reserve’s Second District. Starting November 8, the Liberty Street Economics series will …
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New York Roofing Contractor Ordered to Provide Fall Protection for Workers

The U.S. Department of Labor has obtained a consent injunction ordering a Rockland County roofing contractor and its principal to provide employees with fall protection equipment and make sure it’s used at all company worksites, as required by federal law. …
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How Safe Are Cockpits? Aviation Experts Weigh in After Recent Security Scare

The attempt by an off-duty pilot to shut down the engines of a U.S. airliner in midflight highlights the threat that insiders pose to aviation safety with their ability to go where passengers are prohibited. Events like the one Sunday …
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Ukraine Sees Russian Cyberattacks Growing More Sophisticated

A senior Ukrainian official said Russian cyberattacks are growing more sophisticated and have become daily occurrences aimed at disrupting vital infrastructure during wartime. Deputy Foreign Minister Anton Demokhin, who’s also the ministry’s chief digital transformation officer, said hackers continue to …
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Oregon Prosecutors Charge Off-Duty Pilot Accused of Trying to Cut Engines on Midflight Jet with Attempted Murder

Oregon prosecutors have charged an off-duty pilot accused of trying to cut the engines on a Horizon Air jet in mid-air with 83 counts of attempted murder. The Multnomah County District Attorney’s Office in Portland filed the charges just before …
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California Regulators Suspend Recently Approved San Francisco Robotaxi Service for Safety Reasons

California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace. The California Department of Motor Vehicles` indefinite suspension of …
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Texas’ QuoteWell Announces Launch of Brokerage Operations

QuoteWell, a tech-enabled commercial insurance wholesale brokerage that is at the forefront of innovating the distribution side of insurance, announced the launch of its brokerage operations to serve independent retail agents. QuoteWell helps agents who are often overlooked and given …
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Atlanta Temporarily Closes 3 Fire Stations Amid Firefighter, Truck Shortage

ATLANTA (AP) — The city of Atlanta has temporarily closed three of its more than 30 fire stations because of truck breakdowns and a shortage of firefighters. Atlanta Fire Rescue Chief Roderick Smith told a City Council committee of the …
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People Moves: QBE Germany Appoints 2 Marine U/Ws; BHSI Names Jaghbir as Underwriting Manager in Queensland

This edition of International People Moves details appointments at QBE Germany and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. QBE Germany Appoints 2 Marine U/Ws QBE Germany has strengthened its Marine team in Hamburg …
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Liberty Mutual to Repay $7.7 Million to Over 86,000 Policyholders for Alleged Violations of State Insurance Regulations

Liberty Mutual has agreed to repay $7.7 million to more than 86,000 policyholders for auto and homeowners insurance policies for allegedly violating several state insurance regulation laws. In a consent order filed with the Minnesota Department of Commerce, Liberty Mutual …
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Illinois Court Ruling Allows Zurich to Proceed With Subrogation Action in $3 million Builder’s Risk Claim

Zurich American Insurance Co. may pursue a subrogation lawsuit against a subcontractor that it says forced it to pay a nearly $3 million builder’s risk claim by designing a defective stormwater detention system during construction of an academic building at …
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