INSURANCE NEWS
WV Supreme Court Denies Insurers’ Appeal in Chlorine Leak that Damaged Plant
A group of 12 insurance companies cannot yet appeal a trial court’s finding that contamination exclusions did not bar coverage for a chemical plant that was damaged when 90 tons of liquid chlorine leaked from a ruptured rail car in …
Agency Salary Survey: Find Out Compensation Trends in This Year’s Report
Be a part of the industry’s favorite salary survey while learning more about agency compensation trends nationwide. We would like to invite ALL retail agency owners, principals, producers, CSRs — the entire agency — to participate in Insurance Journal’s annual …
North Korean-Linked Hackers Are Targeting Crypto Platforms More But Stealing Less
The number of North Korean-linked hacks of cryptocurrency platforms rose to a record high in 2023, though the actual amount of funds stolen dropped around 40%, a report Wednesday from blockchain analysis firm Chainalysis Inc. showed. In a series of …
Ring Will No Longer Allow Police to Request Users’ Doorbell Camera Footage
Amazon-owned Ring will stop allowing police departments to request doorbell camera footage from users, marking an end to a feature that has drawn criticism from privacy advocates. In a blog post on Wednesday, Ring said it will sunset the “Request …
Small Plane Crash in Florida Everglades Kills 2
FORT LAUDERDALE, Fla. (AP) — A small plane crashed in the Florida Everglades, killing the two people on board, authorities said. Their bodies were found Wednesday in the wreckage. The single-engine Cessna Skyhawk took off from the North Perry Airport …
GM’s Cruise Owns Up to Robotaxi Mess in Hopes of Returning to Roads
General Motors Co. blamed poor leadership for mishandling its Cruise robotaxi crisis, an admission the carmaker is hoping will help get its cars back on the roads. A report by the law firm Quinn Emanuel, hired by GM and Cruise, …
Mississippi Businesses, Cities Sue to Protect Dolphins from Louisiana Spillway
JACKSON, Miss. (AP) — Opening a spillway as a flood-control measure in 2019 sent polluted fresh water from the Mississippi River into the Gulf of Mexico and killed bottlenose dolphins that live in saltwater, according to a new lawsuit. Several …
People Moves: Reinert, Murray to Anchor Everest’s Dedicated Private Equity Practice; Krupczak to Lead US Energy Property at Liberty Mutual
Liberty Mutual Insurance Appoints John Krupczak to Lead Property for US Energy Liberty Mutual Insurance announced the appointment of John Krupczak to the role of head of US Energy (Property), effective immediately. Part of the Liberty Specialty Markets (LSM) business …
AM Best Revises Outlooks to Negative for Farmers Mutual Fire of Pennsylvania
Ratings firm AM Best has revised the outlooks to negative from stable of Farmers Mutual Fire Insurance Co. of Marble, Pennsylvania. At the same time, it has affirmed the insurer’s Financial Strength Rating of A (Excellent) and the Long-Term Issuer …
West Virginia Bill Would Allow Teachers to Carry Guns at School
West Virginia’s Republican-dominated Legislature pushed forward a slate of contentious bills Wednesday that would arm teachers, allow people to sue libraries over books that offend them and restrict where transgender kids can use the bathroom at school. Described by conservatives …
Climate Change Drives Amazon Rainforest’s Record Drought: Study
Climate change is the main culprit for a record drought in the Amazon rainforest that has drained rivers, killed endangered dolphins and upended life for millions of people in the region, according to a study released on Wednesday. Global warming …
Houthi Attacks Awaken Somali Piracy on Ships Avoiding Red Sea
Piracy off Somalia’s coast has increased since maritime security was disrupted by Houthi militants’ attacks on ships in the Red Sea in response to the Israel-Hamas war. The Horn of Africa nation has recorded five assaults on commercial ships off …