INSURANCE NEWS
Hybrid-Work Environments Are Becoming More Inclusive for Women: Deloitte
After three years of trial and error, hybrid-work environments are finally becoming more inclusive. The number of women who reported feeling excluded from meetings and decisions is down more than 36% from last year, according to Deloitte’s third annual Women …
Verisk Acquires German Motor Claims Insurtech SV Krug
Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty offerings across Europe. Financial details of the deal were not disclosed. Founded in …
Pennsylvania High Court Addresses When Stacked Coverage Waiver Is Not Needed
The removal of a vehicle from a multiple motor vehicle insurance policy, in which stacked coverage had previously been waived, does not require a renewed express waiver of stacked coverage under Pennsylvania’s Motor Vehicle Financial Responsibility Law. The Pennsylvania Supreme …
Q1 2023 M&A Transactions Lowest Since 2019
This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a recent report from OPTIS Partners. The total number of transactions (158) showed a 17% drop from Q1 2022 (190) and …
A Record Start to the 2023 U.S. Tornado Season
The U.S. has experienced a record number of tornadoes in the first three months of 2023 according to preliminary data from the National Weather Service Storm Prediction Center (NWS SPC), delivering an active start to the U.S. severe convective storm …
45 Years Ago Today, the Deadliest Construction Accident in U.S. Killed 51
It was 45 years ago today that a huge scaffold system collapsed inside a cooling tower under construction at a West Virginia power plant, sending 51 workers tumbling to their deaths 170 feet below. Eleven members of one family were …
Uber Eats Driver Slain, Dismembered in Florida After Making Delivery
A Florida man is charged with murder and other offenses in the slaying and dismemberment of an Uber Eats driver who had brought food to the assailant’s house, authorities said Tuesday. Oscar Solis Jr., 30, is charged with killing the …
California Community Braces for Floods as Epic Snow Melts
Ron Caetano is packed and ready to go. His family photos and valuables are in the trailer and he’s put food in carry totes. He moved the rabbits and chickens and their automatic feeders to higher ground. He and his …
New Mexicans Affected by Last Year’s Wildfire Get FEMA Aid
The Federal Emergency Management Agency Hermits Peak/Calf Canyon Claims Office, charged with administering nearly $4 billion in emergency financial aid for survivors of last year’s record-breaking wildfire in New Mexico, is expected to open its three regional offices to the …
$1.6M Settlement Reached in Nevada in Handcuffed Prisoner’s Death
The family of a handcuffed inmate who was shot and killed in 2014 by a prison guard trainee reached a $1.6 million settlement with Nevada prison officials, capping a nearly decadelong legal battle that raised questions about the use of …
Massachusetts High Court Opens 27,000 Drunk Driving Cases to Reconsideration
The Massachusetts Supreme Judicial Court has ruled that 27,000 people who pled guilty or were convicted of drunk driving from June 1, 2011 to April 18, 2019, are entitled to have their cases reconsidered due to the state police lab’s …
Uber Drivers Are Not Interstate Workers Exempt From Arbitration, Court Rules
Uber Technologies Inc drivers are not exempt from a U.S. law requiring them to bring work-related legal disputes in private arbitration rather than joining class action lawsuits in court, a U.S. appeals court ruled on Wednesday. A panel of the …