INSURANCE NEWS

Court Clerk in Murdaugh Trial Pleads Guilt to Showing Sealed Exhibits

The former court clerk in South Carolina who helped out with the murder trial of attorney Alex Murdaugh pleaded guilty Monday to criminal charges for showing sealed court exhibits to a photographer and lying about it in court. Former Colleton …
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Is a Mass. Auto Insurer Allowed to Refuse to Offer Coverage Due to Flood Warning?

Can an auto insurer in Massachusetts refuse to offer collision and comprehensive coverages during a flood warning despite a state law that makes it mandatory to offer such coverages? The industry and public are on the road to finding out. …
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People Moves: Howden Taps Former Gallagher Exec Strickland to Launch Space Insurance Practice; Liberty Promotes Groenen to Head of Portfolio Solutions, Europe

This edition of International People Moves details appointments at Howden and Liberty Speciality Markets. A summary of these new hires follows here. Howden Taps Former Gallagher Exec Strickland to Launch Space Insurance Practice Howden, the London-based insurance intermediary group, has …
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Trump Giving Farmers Hit by China Trade War $12B in Aid

President Donald Trump announced a $12 billion farm aid package Dec. 8 — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of …
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Settlement Approved for New Orleans Archdiocese to Pay Hundreds of Abuse Victims

he New Orleans Archdiocese will pay at least $230 million to hundreds of victims of clergy sexual abuse under a settlement approved Monday by a federal judge that follows years of negotiations. Richard Trahant, an attorney representing victims in the …
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Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims

Liability risks for small businesses have shifted over the last decade, with fire and slip-and-falls becoming more expensive while water and freezing damage claims are now the most common type of claim. The Hartford analyzed more than one million small-business …
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Markets/Coverages: MGA Navium Launches Consortium for Pre-Launch Satellite Risks

Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, announced the launch of the “Constellation Consortium,” which it described as “the largest satellite pre-launch consortium in the Lloyd’s market.” With the global satellite sector continuing …
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FEMA Adds Another $33M for Helene Recovery in North Carolina

The Federal Emergency Management Agency announced another $33 million in Hurricane Helene recovery projects in North Carolina, bringing the agency’s total spending on public assistance grants since the storm to more than $1 billion. The funding is on top of …
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Michigan Reports Finds 2019 Auto Reform Reduced Insurance $357

The Michigan Department of Insurance and Financial Services this month released a report on the impact of the state’s 2019 auto insurance reform and found cost was reduced an average of $357 per vehicle. “In 2019, Democrats and Republicans in …
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Texas Plan to Stop Parasitic Fly From Destroying Cattle Population Is Not Complete

As Mexican officials battle the spread of New World Screwworm, Texas officials are still working to finalize a response plan that would be enacted should the parasitic fly spread into the state. Texas lawmakers questioned state and federal officials on …
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US Slaps New Charges on Ukrainian Over Russian Cyberattacks

The US Department of Justice unveiled additional charges against a Ukrainian woman accused of supporting Russian state-backed cyberattacks against critical infrastructure. Victoria Eduardovna Dubranova, 33, was indicted on Tuesday over her alleged links to a Moscow-sponsored group, the DOJ said …
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Massachusetts Asks Judge to Block Kalshi From Operating Sports-Prediction Market

addictioA Massachusetts judge on Tuesday questioned whether prediction-markets operator Kalshi could legally offer the state’s residents the ability to place financial bets on something as “trivial” as who wins sporting events without running afoul of gaming regulators. Suffolk County Superior …
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