INSURANCE NEWS

Poorly Designed Railroad Crossing in Rural Missouri Contributed to Fatal Amtrak Derailment, Investigators Find

A dump truck driver last year may have never seen an oncoming Amtrak train before it was too late, federal investigators concluded in a report, finding that a steep, poorly designed railroad crossing in rural Missouri contributed to last year’s …
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Slovenia Hit by Worst Floods in More Than a Decade, Killing Several People

Several people were killed in Slovenia as the southern European nation was hit by some of the worst flooding in more the decade, with rapidly rising waters submerging towns in the country’s north. The Slovenian Environment Agency declared the highest …
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Boundless Rider Launches Motorcycle, ATV and Off-Road Insurance in Texas

Boundless Rider, a venture-backed digital MGA, announced that it is available for purchase in Texas, with plans to expand to additional states later this year. Owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds can now purchase …
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Florida Injury Lawyer Pleads Guilty to Defrauding Players, Litigation Funders in NFL Suits

A Florida injury attorney, now disbarred, has pleaded guilty to swindling litigation funders and former NFL football players who had sued the league over concussion injuries. Just before his trial was set to begin in federal court in Tallahassee next …
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Markets/Coverages: NIP Expands GrowPro Program to Include Agricultural Property

NIP Group announced the nationwide expansion of its GrowPro insurance program. Originally designed to cater to hydroponic growers, greenhouse operators, nurseries, garden centers, and indoor vertical farm operations, GrowPro now includes coverage for agricultural property. The GrowPro program offers a …
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Romania Expects to Clear Danube Logjam After Ukraine Attack; Insurers Remain Wary

Romania expects around 30 ships from Ukraine to clear customs on the Danube River over the next two days as it bids to clear a logjam in the aftermath of Wednesday’s Russian attack on Ukraine’s main river port at Izmail. …
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Amazon Again Cited by Regulators Over Worker Safety

The U.S. workplace safety regulator said Amazon.com Inc has subjected workers at yet another of its sprawling warehouses to hazardous conditions by imposing onerous production quotas and failing to provide proper medical care. The U.S. Department of Labor’s Occupational Safety …
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Microsoft Says Russia-Linked Hackers Behind Dozens of Teams Phishing Attacks

A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials by engaging users in Microsoft Teams chats pretending to be from technical support, Microsoft researchers said on Wednesday. These “highly targeted” …
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Kill the Kill Switch: CFPB Says Dealer Illegally Locked Cars and Repossessed Them

The Consumer Financial Protection Bureau on Wednesday sued USASF Servicing, the financial arm of a chain of auto dealerships found mostly in the South, alleging the company committed a laundry list of illegal practices, like disabling borrowers` cars, double-billing customers, …
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Lizzo Pushes Back After Her Former Dancers Claim Harassment in California Suit

Lizzo said that she`s “not the villain” that three of her former backup dancers falsely accuse her of being in a sexual harassment lawsuit. The civil lawsuit filed Tuesday in Los Angeles Superior Court claims Lizzo pressured the dancers to …
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Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits

Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s recent expansion in the Midlands and Southwest and significantly boosts its employee benefits capabilities in …
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Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses

Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels. Net premiums earned and …
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