INSURANCE NEWS
Russian Warship Fires Warning Shots at Cargo Ship in Black Sea
A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …
NAIC Weighs Overriding Credit-Rating Companies
The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance companies. The NAIC, a consortium of state regulators that sets standards for the insurance industry, is considering overruling …
Rising Flood Risks Threaten Many Water and Sewage Treatment Plants
The crack of a summer thunderstorm once comforted people in Ludlow, Vermont. But that was before a storm dropped eight inches of rain on the village of 2,200 in two days last month. And it was before the devastation of …
ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some
Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best …
Vanderbilt Med Center Facing Civil Rights Probe Over Release of Transgender Records
Vanderbilt University Medical Center is facing a federal civil rights investigation after turning the medical records of transgender patients over to Tennessee’s attorney general, hospital officials have confirmed. The U.S. Department of Health and Human Services` investigation comes just weeks …
Three Georgia Decisions Have Some Comp Attorneys Worried. Claimants’ Not So Much
After three major Georgia appeals court decisions have gone against employers in the last five years, some insurance defense attorneys are concerned that the state’s workers’ compensation laws have become costly to insurers and businesses, despite years of rate reductions …
At Least 55 Died in Hawaii Fires, Thousands of Structures Exposed
Wildfires on Maui have killed at least 55 people and wiped out a historic town, exposing thousands of structures in a disaster that could end up exceeding early damage and loss estimates of more than $8 billion. The Associated Press …
Detroit Police Chief Implements New Policies on Facial-Recognition Technology Following Arrest of Pregnant Woman
DETROIT (AP) – The Detroit police chief said he`s setting new policies on the use of facial-recognition technology after a woman who was eight months pregnant said she was wrongly charged with robbery and carjacking in a case that was …
Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners
Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But first, County Mayor Daniella Levine Cava faces a huge environmental problem: overflowing garbage heaps and septic tanks. Some of greater Miami’s massive …
NHTSA Probing Fatal Tesla Crash in Virginia, Adding to Investigations
Tesla Inc. is facing increased scrutiny as federal investigations said Thursday they are investigating a fatal crash in Virginia involving one of the company’s SUVs that collided with a tractor-trailer truck. The accident, which took place on July 19 in …
Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices
An accountant for Ormond Beach-based Security First Insurance Co. has been charged with stealing more than $1.4 million by creating false invoices and routing the funds to her personal accounts. Samantha Rae Link, 30, of Daytona Beach, was arrested Wednesday, …
Boston Financial Adviser Sentenced After Defrauding Older Victims of Annuity Funds
A financial adviser who stole about $1.2 million from the retirement accounts of his mostly older victims, one of whom had dementia and another of whom had a traumatic brain injury, has been sentenced to more than four years in …