INSURANCE NEWS

New Florida Immigration Law Could Worsen Property Insurance Costs

If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that took effect July 1, requiring more …
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People Moves: IOA Names New Western Division Team Members

Insurance Office of America (IOA) named three new members to its western division team based in Encino, Calif. Ricky Choi is a senior advisor and leader of IOA’s newly launched Korean practice. Choi has more than two decades of expertise …
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Art Dealer to Rich and Famous Faces Millions in Fraud Claims

A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover …
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Judge Dismisses Former Wilmington Police Officer’s Racial Discrimination Suit

A federal judge has dismissed a lawsuit filed by a former Wilmington police official who accused the police department of engaging in racial discrimination and improperly collecting and using data from seized cellphones, including her own. Judge Mark Kearney ruled …
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No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia

Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, officials said this week. “There’s no …
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People Moves: De Nil Named Global Head of Zurich Resilience Solutions; Miller Taps Aon’s Castanier to Develop European Leasing Practice

This edition of International People Moves details appointments at the brokers Lockton and Miller. A summary of these new hires follows here. De Nil Named Global Head of Zurich Resilience Solutions Zurich Insurance Group has appointed Dirk De Nil, currently …
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Delta, United Must Face Class Action Over US Airfares

Delta Air Lines and United Airlines were ordered by a federal judge to face a consumer antitrust class action accusing major U.S. carriers of conspiring to drive up domestic airfares by reducing the number of available seats. In a decision …
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Lockton Signs Strategic Partnership With Spanish Re/insurance Broker Jhasa

Lockton, the world’s largest independent insurance broker, announced it has signed a long-term strategic agreement with Jhasa, a Spanish independent insurance and reinsurance broker that specializes in the construction, energy and M&A sectors. Following this agreement, effective immediately, Jhasa will …
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Already Soaked New England Warned of More Flooding Today, Hurricane Lee on Weekend

Already saturated communities in New England are facing continued heavy rains with additional flooding today and the prospect of even more bad weather from Hurricane Lee over the coming weekend. The National Weather Service said the region will see another …
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MGM Hack Has Vegas Hotels Resorting to Cash Bars, Paper Vouchers

MGM Resorts International has been saying its hotels and casinos are “operational” following a cyberattack over the weekend that appeared to take down everything from payment systems to sportsbooks. Some of its patrons begged to differ. Scanning a largely empty …
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US Already Sets Record for Yearly Billion-Dollar Weather Disasters

The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to a record for the number of weather disasters that cost $1 billion or more. And there’s still four months to go on what’s …
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California Lawmakers Approve Nation’s Most Sweeping Emissions Disclosure Rules for Big Business

Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed by California lawmakers, the most sweeping …
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