INSURANCE NEWS
If New Cars Are Safer, Why Are Fatalities on the Rise?
Alyssa Milligan was someone who intuitively knew when another person needed help, encouragement or a kind word. Although she was new to Tennessee, the 23-year old physical therapy student, whose mother called her “Sweet Alyssa,” had already made many close …
Florida Company Claims Simple Device Makes Sandbag Filling Much Faster Before Floods
The Florida-based company that produces a quicker way to bag leaves is now offering a tool that it says makes filling sandbags three times faster, potentially saving property owners time before floodwaters rise. The Sandbag It! is a flat but …
Insurer Sued Over 80th Birthday Event Cancellation at Sting’s Estate in Italy
A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician Sting is suing its insurer seeking payment under an event cancellation policy. Wingstone Investment Holdings and its sole owner Loralee …
Delayed Passage of Farm Bill Stirs Concern for Texas Agriculture
WASHINGTON — Key federal legislation to support farmers and consumers could get delayed due to the looming government shutdown, causing uncertainty for agriculture and nutrition programs in Texas. The must-pass package of legislation known as the farm bill, which is …
Indiana Teenager Killed in Tree-Trimming Mishap as Log Shifts and Strikes Him
MONTPELIER, Ind. (AP) – A teenager working for a tree-trimming service died in northeastern Indiana when a log rolled out of a trailer and struck him, authorities said. Braeden Depew, 18, of Kokomo was pronounced dead at the scene Saturday …
People Moves: Roach Joins Alliant’s Employee Benefits Group in Minnesota
Roach Joins Alliant’s Employee Benefits Group in Minnesota Alliant Insurance Services, headquartered in Irvine, Calif., named David Roach as vice president of its employee benefits group in the Midwest. Based in Minneapolis, Minn., Roach joins Alliant with more than 15 …
Independent Insurance Agents of Wisconsin to Celebrate 125 Years at InsurCon2024
The Independent Insurance Agents of Wisconsin (IIAW) announced they will celebrate 125 years in the insurance industry in 2024. To celebrate this significant milestone, the IIAW is opening registration for its grand celebratory event, InsurCon2024. InsurCon2024, set to take place …
Gunman in Texas Walmart Shooting Ordered to Pay Restitution of $5 Million
AUSTIN, Texas (AP) – A white Texas gunman who killed 23 people at a Walmart in 2019 after ranting about Hispanics taking over the government and economy has agreed to pay more than $5 million to victims of the racist …
People Moves: Sompo Int’l Taps Chubb’s Gossé for Cyber Ins., Continental Europe; Allianz Commercial Names Vogler Chief Regions & Mkts Officer, Succeeding Haagen
This edition of International People Moves details appointments at Sompo International and Allianz Commercial. A summary of these new hires follows here. Sompo Int’l Taps Chubb’s Gossé for Cyber Insurance, Continental Europe Sompo International, the global provider of commercial and …
Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance
Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial role of technology performance insurance in accelerating innovation in solar, energy storage, hydrogen, and bioenergy to help curb climate change. …
McKinsey Agrees to Pay $230 Million to Settle More Opioid Suits
McKinsey & Co. is poised to pay $230 million in its latest settlement of lawsuits blaming the company for its role advising opioid manufacturers in their sales of the painkillers. The proposed accord with local governments and school districts filed …
Kia, Hyundai Recall Over 3 Million Vehicles for Fire Risks
Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park outside and away from structures until repairs are complete. The automakers say brake fluid leaks …