INSURANCE NEWS
UK’s Royal Mail Faces Threat From Ransomware Group LockBit
UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a time when the British postal and parcel firm is grappling with the fallout of a “cyber incident” from last month. …
Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria
Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially thousands of victims …
Viewpoint: Interest in America’s World-Class Crop Insurance Continues to Grow
Now standing firmly one month into 2023, we can look back at the previous year with pride that we were able to meet many of its challenges with the stability and confidence our agricultural community offers to help feed and …
Wells Fargo to Pay $300M to Settle Suit Over Auto Insurance Disclosures
Wells Fargo & Co. agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers …
People Moves: Liberty Mutual Hires Larson From CNA; Markel Names Gendron CFO; Chaplick Joins Risk Strategies
Liberty Mutual Appoints Larson President, Financial Lines Liberty Mutual Insurance has appointed Paul Larson as president, financial lines for its Global Risk Solutions (GRS) North America division. Before joining Liberty Mutual, Larson led financial lines at CNA Financial and served …
Rogner, Helwig Named to Workers’ Comp Charity Board in Florida
Kids’ Chance, a charity organization established by the the workers’ compensation industry, has named new board members for its Florida operation. The all-volunteer Kids’ Chance of Florida, like sister organizations in other states, provides scholarships to educate children of workers …
Brown & Brown Won’t Get Change of Venue in Coverage Gap Lawsuit by Property Firm
Daytona Beach-based Brown & Brown Insurance, often called one of the largest and fastest-growing insurance brokerages in the United States, has lost a key round in its legal battle with one of its largest clients, a Florida property management firm. …
Ransomware Outbreak Hits US and European Universities, Florida Supreme Court
A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the U.S. and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more than …
Oklahoma Federal Judge: Banning Guns for Marijuana Users Unconstitutional
OKLAHOMA CITY (AP) – A federal judge in Oklahoma has ruled that a federal law prohibiting people who use marijuana from owning firearms is unconstitutional, the latest challenge to firearms regulations after the U.S. Supreme Court’s conservative majority set new …
Sheriff: Toxic Gas Release Likely From Ohio Train Derailment
EAST PALESTINE, Ohio (AP) – Authorities were threatening to arrest anyone who doesn’t leave an evacuation zone near the smoldering wreckage of an Ohio train derailment near the Pennsylvania state line and warned Monday there was a high probability of …
Louisiana Man Sentenced for Role in Staged Automobile Accident
United States Attorney Duane A. Evans announced Dashontae Young, age 28, of Houma, Louisiana, was sentenced for Conspiracy to Commit Wire Fraud, in violation of Title 18, United States Code, Section 371, arising out of a staged automobile accident with …
Family of Minneapolis Man Killed in No-Knock Search Warrant Sues City
MINNEAPOLIS (AP) – The parents of Amir Locke, who was shot to death by a Minneapolis police officer when a SWAT team executed a no-knock search warrant one year ago, sued the city and the officer Friday, alleging he was …