INSURANCE NEWS
NTSB Chair: Near-Miss Aviation Incidents ‘Clear Warning Sign’
An increase in serious near-miss aviation incidents is a “clear warning sign that the U.S. aviation system is sharply strained,” National Transportation Safety Board (NTSB) chair Jennifer Homendy will tell a U.S. Senate panel on Thursday. Homendy, who will testify …
AM Best Outlook of US E&S Market Revised to ‘Positive’
Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to absorb business from the admitted market. AM Best on Monday changed its U.S. E&S outlook from “stable” to “positive,” considering …
Fed Judges Ask Florida Supreme Court to Decide if Insurers Can Sue Auto-Glass Shops
The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now, the Florida Supreme Court could soon decide another …
Judge Trims U.S. Lawsuit Accusing Drug Distributor of Fueling Opioid Epidemic
A federal judge on Monday pared back a U.S. government lawsuit accusing drug distributor Cencora, formerly called AmerisourceBergen, of fueling the nation’s deadly opioid epidemic by failing to report hundreds of thousands of suspicious orders of prescription painkillers. U.S. District …
Higginbotham Expands Collegiate Athletics Investment With LEARFIELD, Adds 10 Southern Universities to Portfolio
Higginbotham announced the expansion of its multi-year investment in collegiate athletics to include ten universities in the southern region of the United States through its continued sponsorship agreement with LEARFIELD, a media and technology company that partners with college athletic …
Ohio Votes to Legalize Marijuana For Adult Recreational Use
COLUMBUS, Ohio (AP) – Ohio voters approved a measure legalizing recreational marijuana on Tuesday, defying Republican legislative leaders who had failed to pass the proposed law. Passage of Issue 2 makes Ohio the 24th state to allow adult cannabis use …
Captain Found Guilty of ‘Seaman’s Manslaughter’ in Boat Fire That Killed 34 off California
A scuba dive boat captain was convicted this week of criminal negligence in the deaths of 34 people killed in a fire aboard the vessel in 2019, the deadliest maritime disaster in recent U.S. history. Jerry Boylan, 69, was found …
Virginia Governor Declares State of Emergency Over Wildfires
Virginia Governor Glenn Youngkin has declared a state of emergency to assist firefighter response efforts on two wildfires around the state due to dry conditions and high winds. Two fires—the Quaker Run Fire in Madison County and the Tuggles Gap …
Frederick of Mutual Exiting Personal Lines; Signs Renewal Deal With Farmers of Salem
Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for its personal lines business. Beginning January 1, 2024, Farmers …
Sentry Insurance Opens Regional Office in Plano, Texas
Sentry Insurance has expanded its presence with a new regional office in Plano, Texas that will service businesses in the South Central region. The new office will occupy 11,400 square feet at the Apex at Legacy, located at 5801 Headquarters …
People Moves: AXA XL Names Gerbaud as CUO for APAC & Europe; Trium Cyber Names Aspen’s Signorelli as MD of Int’l Operations
This edition of International People Moves details appointments at AXA XL and Trium Cyber. A summary of these new hires follows here. AXA XL Names Gerbaud as CUO for APAC & Europe AXA XL Insurance announced that Adias Gerbaud has …
People Moves: DiPasquale Joins Alliant Insurance Services in Kansas City
Ann DiPasquale has joined Alliant Insurance Services, headquartered in Irvine, Calif., as senior vice president within its employee benefits group. DiPasquale is based in Kansas City, Mo. DiPasquale has more than 15 years of benefits, healthcare and consulting experience. Before …