INSURANCE NEWS

Tropical Storm Calvin Passed Over Hawaii, Leaving Minor Flooding in Its Wake

Tropical Storm Calvin brought high surf, heavy rain and gusts to parts of Hawaii`s Big Island on Wednesday, only inflicting minor damage. By late morning, the storm had passed to the west and the National Weather Service called off its …
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Tennessee Firefighter Dead, 3 Others Hospitalized After Trapped in Burning House

A Tennessee firefighter died and three others were hospitalized after they became trapped while battling a house fire late Tuesday, fire officials said. Fire crews were called to a house fire on Rile Street around 11:30 p.m., the Memphis Fire …
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Jury Awards Florida Girl Burned by McNugget $800,000 in Damages

A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald`s restaurant. Lawyers for the …
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Markets/Coverages: HUB International Launches Platform to Manage Insurance Needs of Franchisors, Fanchisees

HUB International Ltd. (HUB), the Chicago-based insurance brokerage and financial services firm, announced the launch of HUB Franchise Insurance Solutions, a digital platform to help franchisors and franchisees manage their insurance needs in one location. With HUB Franchisee Insurance Solutions, …
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Microsoft Hit With EU Antitrust Complaint by German Rival Over Bundling of Teams App

Microsoft was hit with an EU antitrust complaint by German rival alfaview on Thursday, the second so far over its bundling of video app Teams into its Office product, as the bloc’s regulator prepares to investigate the U.S. tech giant. …
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Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims

Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute (Triple-I). U.S. population growth in hurricane-prone states, coupled …
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New York City Agrees to Pay $13M to Settle Over Arrests of 2020 Racial Injustice Protesters

New York City has agreed to pay more than $13 million to settle a civil rights lawsuit brought on behalf of roughly 1,300 people who were arrested or beaten by police during racial injustice demonstrations that swept through the city …
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Connecticut Man Wrongly Convicted in 1984 Shooting of Baby Sues New Haven and Police

A Connecticut man who was exonerated after serving 28 years in prison for killing a baby in 1994 has filed a lawsuit against the city of New Haven and six now-former police officers involved in his arrest. Adam Carmon, 51, …
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Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack

The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least 30 institutions have been notified that personal information of students and employees may have been exposed through vendors — including the Teachers …
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Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover

Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for brokers, who will be able to quote cost-effective annual cover …
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Firms With Flexible-Work Policies Hire Faster Than Those Fully in Office: Research

Companies with flexible in-office policies are hiring faster than those that have fully returned to pre-pandemic attendance rules. But landing a flexible job still comes with challenges. New research from Scoop Technologies Inc., which advises organizations on how to coordinate …
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The Hanover Estimates Q2 Catastrophe Losses of $262 Million

The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium. Second quarter catastrophe losses stemmed from 19 convective storms across multiple states, with …
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