INSURANCE NEWS
Florida Commissioner, NAMIC Latest to Push Back on Federal Climate Change Data Call
Florida’s insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate change, calling it “federal overreach,” burdensome and unauthorized by law. …
Credit Union Worker Set Fire to Get Insurance to Replace Money She Stole
A Pennsylvania credit union employee who set a fire in order to file an insurance claim for money she had earlier embezzled has been sentenced to 30 months in prison. U.S. Attorney Eric G. Olshan announced that Patty Lynn Mavrakis, …
Car Fire on New Hampshire Interstate Sets Off Ammunition
A fiery crash on Interstate 93 in New Hampshire set off hundreds of rounds of ammunition before firefighters were able to douse the blaze, state police said. State Police received a report of a vehicle being driven erratically Saturday afternoon …
People Moves: kWh Analytics in California Names McLean Chief Underwriting Officer
kWh Analytics, headquartered in San Francisco, Calif., named Isaac McLean as the company’s chief underwriting officer. McLean has more than 18 years of insurance experience, previously serving as head of property insurance at kWh Analytics. Before joining kWh Analytics, McLean …
EPA Finalizes Regulation Requiring Oil and Gas Operators in Texas to Reduce Methane Emissions
The Environmental Protection Agency on Saturday finalized a long-anticipated climate regulation that will require oil and gas operators to dramatically reduce how much methane, a potent greenhouse gas, is escaping from equipment in many oil fields across Texas. The rule …
World Acquires South Dakota’s American Trust Insurance
World Insurance Associates LLC announced that it acquired the business of American Trust Insurance, LLC (“ATI”) of Huron, South Dakota on December 1, 2023. Terms of the transaction were not disclosed. ATI was founded in 2004, and today it has …
People Moves: Aon Promotes Clarke as Head of Renewables, Global Broking Centre & UK; Markel Hires AIG’s Meek to Lead Cyber Portfolio in Middle East, North Africa
This edition of International People Moves details appointments at Aon and Markel. A summary of these new hires follows here. Aon Promotes Clarke to Head of Renewables, Global Broking Centre & UK Insurance broker Aon plc announced the promotion of …
Clear Group Buys General Insurance Book of P W White & Partners in UK
The Clear Group, the London-based independent broker, announced it has acquired the entire general insurance book of regional broker P W White & Partners Ltd. Financial details of the deal were not disclosed. The transaction does not include the financial …
Virginia House Explosion Follows Flare Gun, Firearm Shots
An explosion tore through a house in Arlington, Virginia Monday evening after police spent hours attempting to get the occupant who was shooting a flare gun to stop shooting and come outside. At approximately 4:45 p.m., the Arlington County police …
23andMe Says Health Data Was Included in Hack That Compromised 6.9 Million Users
Some 6.9 million 23andMe customers had their data compromised after an anonymous hacker accessed user profiles and posted them for sale on the internet earlier this year, the company said on Monday. The compromised data included users’ ancestry information as …
DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery
The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to Ecuadorian government officials,” the DOJ …
Miss. Sheriff Sets New Policies After Torture Episode. Victims Say it’s to Avoid Consequences
JACKSON, Miss. (AP) — Attorneys for the victims of an episode of police torture say new policies unveiled by a Mississippi sheriff`s department this week were introduced so the sheriff can escape liability in a civil lawsuit and forestall a …