INSURANCE NEWS
Activist Investor Cevian Sells Almost Entire Stake in Aviva, Insurer Reveals
Activist investor Cevian Capital has sold almost its entire stake in British insurer Aviva, a spokesperson for the FTSE 100 company said on Wednesday. Cevian’s position in Aviva has fallen from more than 150 million shares at the peak in …
How Much Should Insurers Trust AI Chatbots?
Whether it’s underwriting, claims or customer service, it seems that artificial intelligence is top of mind for the insurance industry right now. William Bennett, partner at law firm Saxe, Doernberger & Vita, said on this episode of The Insuring Cyber …
Ohio Resin Manufacturer Fined $171K for Exposing Workers to Respiratory Hazards
In certain concentrations, flammable vapors can ignite, leading to powerful explosions and leaving workers seriously injured or worse. For workers manufacturing plastic resin, the high heat used in the production process increases the risks. Despite the dangers, inspectors with the …
Wisconsin Republicans Propose $125M to Combat PFAS Pollution
MADISON, Wis. (AP) – Wisconsin Republicans on Thursday announced plans to put $125 million aside to combat pollution from so-called forever chemicals, putting off a decision on what exactly to spend the money on. The influx of money to deal …
Minneapolis to Pay $700K Settlement With Family Members Detained While Police Killed Their Father
MINNEAPOLIS (AP) – The city of Minneapolis has agreed to a $700,000 settlement with family members who were locked inside two squad cars when police killed their father after officers refused their offers to try and help calm him down. …
Bill Would Offer Crop Insurance Discount to Farmers Who Plant Cover Crops
A bipartisan bill proposed by federal lawmakers would provide farmers a discount on crop insurance premiums by planting cover crops. The Conversation Opportunity and Voluntary Environment Resilience (COVER) Act, proposed last week by Sen. Sherrod Brown, D-Ohio, and Reps. Sean …
Carroll Adds Trump’s Post-Verdict Remarks to Defamation Case, Seeks at Least $10M
E. Jean Carroll, the advice columnist who won a $5 million sexual abuse and defamation award against former President Donald Trump, is seeking at least $10 million more in a court filing Monday that seeks to hold him liable for …
Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say
With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top official with one of the world’s …
Utah Allocates Millions to Prepare for Flood Damage After Wet Winter
As the winter’s record snowpack melts and cascades down from the Rockies, Utah lawmakers set aside millions of dollars to prepare for potentially historic flooding. The state is among the many in the American West confronting the wet winter’s consequences, …
Washington Startup’s Ex-CFO Accused of Diverting $35M, Losing It in Crypto
The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by …
Columnist Seeks to Add $10M to Defamation Case for Trump’s Post-Verdict Comments
E. Jean Carroll, the advice columnist who won a $5 million sexual abuse and defamation award against former President Donald Trump, is seeking at least $10 million more in a court filing Monday that seeks to hold him liable for …
Truck Driver in Multi-Vehicle Freeway Crash That Killed 7 in Oregon Arrested
The driver of a semitruck that slammed into a passenger van on Interstate 5 in western Oregon, killing 7 people in one of the state’s deadliest crashes in recent years, was arrested on suspicion of manslaughter, DUI and other charges, …