INSURANCE NEWS
Texas Storms Ground Flights, Threaten Floods and Spark Fires
A day of wild weather and thunderstorms in Texas has led to nearly 500 canceled flights in the Dallas area, power outages across eastern reaches and a wildfire in a landfill near Amarillo that’s been dubbed the “Stinky Fire.” As …
Viewpoint: AI Insurance Is Not Cyber Insurance With Extra Steps
Many insurers and the businesses they cover are treating AI risk as a cyber problem in a new costume. The early litigation is quietly explaining why that is a category error, and the companies that understand the difference first will …
NCDOI Offering Flood Insurance CE Webinars But They’re Filling up Fast
North Carolina’s insurance commissioner announced his department will again offer webinars, starting this month, on the intricacies of flood insurance, with continuing education credit for insurance agents, adjusters, engineers, real estate agents and others. The WebEx sessions are free of …
Questionable Engineering Reports Continue to Be a Problem in Claims Litigation
The Florida Board of Professional Engineers this month considered but did not adopt new rules governing engineers’ ethical responsibilities in drafting damage reports, but the changes are likely to come up again. This guest article examines the need for those …
Another View: Proposed Florida Engineering Rules Would Slow Claims
This article appeared recently on Grindley’s Linkedin page. Republished here with permission. For those working in property insurance, adjusting, and forensic engineering, a proposed Florida rule may have unintended consequences for how claims are investigated and processed. The Florida Board …
Hawaii’s Worst Flooding in 20 Years Leaves Farmers Struggling
The reddish-brown mud that smothered Bok Kongphan’s Hawaii farm has hardened in the tropical sun. Irrigation tubes lie in a tangle where his lemongrass, cucumber and okra once flourished. His niece, Jeni Balanay, lost her crops too—a mustardy green called …
New York Homes Most Exposed to Hurricane Risk, Beating Miami
More than 3 million New York metropolitan-area homes are vulnerable to hurricane winds, the most of any region in the country, according to a report from Cotality, a property analytics firm. Roughly 3.27 million homes in the area face moderate …
Lilypad Leans Into AI for Coastal Areas with Matta Hire
Lilypad, the Sarasota-based, tech-centered property-casualty insurer that acquired Centauri Insurance, has named Rajiv Matta, a holder of patents in the field of machine learning, to harness artificial intelligence to help expand coverage in vulnerable coastal areas. Matta, with 20 years …
Missouri AG Resolves Litigation with Gas Company After Fatal Explosion
Missouri Attorney General Catherine Hanaway announced that her office has resolved litigation with Liberty Utilities, a gas company that failed to properly mark a gas line in Lexington, leading to the death of a child, numerous injuries, and the destruction …
Oklahoma Manufacturer to Pay $4.2M Over COVID Mandate
A G Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, will pay $4,250,000 to over 40 workers and provide other relief to settle a religious and disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …
People Moves: Aon Announces Leadership Promotions for EMEA and Latin America; Markel International Promotes Rice to Head of Global Development, Trade Credit
This edition of International People Moves details appointments at Aon in EMEA and Latin America and Markel International. A summary of these new hires follows here. Aon Announces Leadership Promotions for EMEA, Latin America Insurance broker Aon plc announced that …
NextEra to Buy Dominion for $67 Billion to Form Power Giant
NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia. The scope of …