INSURANCE NEWS
Ex-Mississippi Governor Wants Apology for News Outlets’ Welfare Fraud Comments
Former Mississippi Gov. Phil Bryant gave notice Wednesday that he will sue a news organization unless it apologizes for statements he said some of its employees made about him in connection to misspending of welfare money that was intended to …
Connecticut Lawmaker, Other Driver Both DUI in Fatal Crash
A Connecticut state representative and a wrong-way driver were both over the legal limit for alcohol when they were killed in a highway crash in January, according to government officials and state police. Middletown Democrat Quentin Williams, 39, died in …
No Chemicals Aboard 9 Freight Railcars That Derailed in Pennsylvania
Nine railcars from a Norfolk Southern freight train derailed in Pennsylvania, with no hazardous chemicals on board and no reported injuries, fire department and company officials said. The derailment happened late Wednesday outside of New Castle, the company said in …
Senate Panel OKs Rail-safety Bill But Fate Uncertain
A Senate committee on Wednesday approved a rail-safety bill introduced after the derailment of a freight train in East Palestine, Ohio, but its fate remains uncertain due to significant Republican opposition. The bill would increase inspections of trains carrying hazardous …
Fortitude Re Opens Tokyo Office; Names Kawafuji as Representative
Fortitude Re announced the opening of its Tokyo office and the appointment of Hajime Kawafuji as its chief representative. Kawafuji joins Fortitude Re from global investment firm Carlyle, where he was a senior member of the Japan buyout advisory team. …
Auto Claim Severity Up 35% over Pre-Pandemic Rates – LexisNexis Report
Claim severity for bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped 40%, LexisNexis Risk Solutions says in a new report. The data broker’s 2023 U.S. Auto Insurance Trends report says the amount …
World’s Governments Race to Regulate AI Tools
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree on laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI …
Toyota Blames Human Error for Leak of Vehicle Data of 2 Million Users in Japan
Toyota Motor Corp. said on Friday the vehicle data of 2.15 million users in Japan, or almost the entire customer base who signed up for its main cloud service platforms since 2012, had been publicly available for a decade due …
Texas Shell Refinery Unit Had History of Malfunctions Before Fire
The units at a Houston-area Shell refinery that caught fire on Friday repeatedly malfunctioned in recent years without action from Texas regulators. Since the start of 2022, the British oil giant reported at least four malfunctions at one olefins unit …
Michigan Attorney General Charges 6 With Criminal Enterprise Targeting Accident Victims
Michigan Attorney General Dana Nessel and Director Anita Fox from the Department of Insurance and Financial Services (DIFS) announced a criminal enterprise and related charges against. six individuals who are accused of auto insurance fraud and taking advantage of Michigan …
People Moves: BevCap Names Raun Director of Client Consulting; Spot Names Goy CEO
BevCap Management Names Raun Director of Client Consulting BevCap Management, LLC has named Ben Raun to its team as director of client consulting. Raun has 15 years of experience in property and casualty claims, risk management consulting and customer stewardship …
Michigan Paper Mill With Fungal Infections Outbreak Reopens
ESCANABA, Mich. (AP) – A northern Michigan paper mill has resumed operations after closing for three weeks to deal with an unusual outbreak of fungal infections. The Billerud Paper Mill in Escanaba reopened Monday, following a deep cleaning recommended by …