INSURANCE NEWS
Industry Experts Gather at Inaugural Oklahoma Insurance Day
The Oklahoma Insurance Department (OID) hosted the inaugural Oklahoma Insurance Day in Oklahoma City on Dec. 14. The conference was held at the Embassy Suites Downtown Medical Center and attracted a total of 125 attendees from across the insurance sector …
Are Billions in Wind Mitigation the Answer for Florida’s Insurance Problems?
While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane winds and prevent devastating losses for insureds and insurers, a few panelists said at the Florida Chamber’s Insurance Summit last …
From Litigation to Capital, Florida Insurance Market Improving, Panelists Say
The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at the Florida …
Firefighters Battled Blaze in Historic Firehouse Near U.S. Capitol
Firefighters in Washington, D.C., on Friday battled a three- alarm fire that started in a three-story former firehouse under renovation near the U.S. Capitol. DC Fire and EMS said one firefighter declared mayday and was rescued. No injuries were reported. …
New Jersey Casino Workers Light Up in State House to Protest Smoking in Workplace
With prospects for a smoking ban in Atlantic City`s casinos looking hazier than ever, workers who want smoking banned took matters into their own hands, lips and lungs Thursday. Members of the United Auto Workers union disrupted a meeting of …
Fire Marshal Investigating Blast That Injured One, Severely Damaged Pennsylvania Home
One person was injured and a house was severely damaged Friday by an early morning explosion at a home about 10 miles northwest of Reading, Pennsylvania. A male was hospitalized after the blast just before 7 a.m. in Bernville. A …
Cannabis Insurance Specialists See Optimism in 2024 Data, Planning for Growth and More Capacity
From a broad view, data from the cannabis industry fails to paint an informative picture of what lies ahead for the business in 2024 or what the year holds for insurance professionals specializing in servicing the sector. Despite a prevailing …
S&P Upgrades Lloyd’s Financial Strength Rating to AA-
S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook stable. The rating upgrade reflects the improvement in Lloyd’s balance sheet strength, which S&P has assessed to be “excellent,” as …
Tesla Autopilot Recall Threatens Its Defense in Lawsuits Over Crashes
Tesla Inc.’s biggest vehicle recall ever threatens to hurt the company’s defense in several high-profile lawsuits it faces over crashes linked to Autopilot. The automaker’s recall of 2 million cars comes after a top US auto-safety regulator found its driver-assistance …
Texas Division of Workers’ Compensation Names Posey as Deputy Commissioner of Operations and External Relations
Texas Workers’ Compensation Commissioner Jeff Nelson has announced the appointment of Matthew Posey as DWC’s new Deputy Commissioner of Operations and External Relations. Posey brings his significant legislative relations experience to this role, most recently as the Government Relations Manager …
People Moves: Elevate Risk Solutions Names Ryan Ralston as CEO
Elevate Risk Solutions announced that CEO Jerry Messick is stepping down effective January 1, 2024, and will continue to serve the firm as a consultant. With the transition, Elevate’s Managing Director Ryan Ralston will be appointed President, and Serena Lintker …
Here’s What’s Next for the EU’s Landmark Artificial Intelligence Act
European Union countries and lawmakers last week agreed a provisional deal for artificial intelligence rules aimed at establishing guardrails for the rapid development of AI and setting a global standard in technology regulation. The long road to the EU AI …