INSURANCE NEWS
German Court Rules Against Intel in Patent Row Over Chips
A court in Germany has issued an injunction against the sale of some of Intel’s chips, in a patent dispute between the U.S. tech giant and a U.S. rival that filed the complaint. The regional court in Dusseldorf ruled in …
Claimants Out of Work More Likely to Die or Develop Serious Health Issues – WV Study
When workers drop out of the workforce due to a debilitating injury, they are more likely to develop serious health problems and an elevated risk of death, studies by West Virginia University researchers have shown. “The results suggest that disability …
People Moves: PCF Insurance Services Names Leadership Team Members
PCF Insurance Services (PCF), headquartered in Lehi, Utah, appointed several new members to its leadership team. Brooke DeWyze joined as chief development officer. Before joining PCF Insurance, DeWyze was chief operating officer of Moreton & Company. DeWyze also spent more …
Virginia Doctor Who Prescribed More Than 500k Doses of Opioids Granted New Trial
A Virginia doctor who was sentenced to 40 years in prison after prescribing more than half a million doses of highly addictive opioids in two years has been granted a new trial by a federal appeals court that found the …
Founder of AgencyPoint in California Says Many Agencies Put Accounting on Backburner
Many small- to mid-sized agencies aren’t putting much thought into accounting, relegating the important function to the backburner by opting to use local accountants, agency management systems that may not be sufficient, or even relatives to keep track of their …
Wisconsin Governor Declares Flood Insurance Awareness Week
Wisconsin Governor Tony Evers has proclaimed February 4-10, 2024, Flood Insurance Awareness Week in Wisconsin to recognize the state’s increasing flood risk and the importance of having appropriate insurance coverage. “Now is the time to prepare for spring flooding and …
Texas Got Early Warnings About Costly Grid Policy, Records Show
Texas grid officials received repeated warnings last summer that their efforts to shore up the state’s increasingly strained electric grid risked driving up power prices, records show. Concerns first arose just days after the state launched a new policy meant …
Oklahoma Man Falsely Identified as Racist Announcer Awarded $25M
OKLAHOMA CITY (AP) — An Oklahoma jury awarded a man $25 million on Monday after finding the state’s largest newspaper defamed him when they mistakenly identified him as the announcer who made racist comments during a 2021 broadcast of a …
People Moves McCarthy Joins Alliant Insurance Services in Chicago; Rockford Mutual Promotes Team Members
McCarthy Joins Alliant Insurance Services in Chicago Connor McCarthy has joined Alliant Insurance Services, headquartered in Irvine, Calif., as vice president within the Alliant Americas division. The Chicago-based producer will service a national client base with an eye toward continued …
North Carolina Commissioner Rejects Proposed 42% HO Rate Hike, Sets Hearing Date
North Carolina Insurance Commissioner Mike Causey has rejected an average 42% hike in homeowners insurance rates proposed in January by the state’s rate bureau, setting the stage for a public hearing and negotiations. “Homeowners were shocked with the high amount …
Ransomware Hackers Stole More Than $1 Billion in 2023
Ransomware gangs stole more than $1 billion in 2023, the largest amount ever recorded, according to a report published Wednesday by blockchain analysis firm Chainalysis Inc. With ransomware hacks, cybercriminals block access to a victims’ data or files until they …
Google Calls Out Spyware Firms and Advocates for Tighter Regulation
Internet giant Google on Feb 6 called out a series of surveillance software companies that it said were enabling the use of dangerous hacking tools, and urged the United States and its allies to do more to rein in the …