INSURANCE NEWS
King Risk Partners Acquires Its Sixth Connecticut Agency
King Risk Partners has acquired New England Property & Casualty, Inc., an independent insurance agency headquartered in Wallingford, Connecticut. New England Property & Casualty has served individuals and families throughout Connecticut for nearly 40 years, offering auto, home, property, and …
China Targets Taiwan’s Chip Tech to Evade Global ‘Containment’: Taipei Government
China is targeting Taiwan to obtain its advanced chip manufacturing technology and talent as a way of breaking through international “containment” of the country, according to a report from the island’s top security agency. China’s scramble for chip talent and …
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War
Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, five weeks into the Iran war. US President Donald Trump threatened to bring “Hell” to Iran with strikes on power …
IEA Chief: Current Oil and Gas Crisis Worse Than 1973, 1979, 2002 Together
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2002 together,” Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro …
Iran Rejects Ceasefire as Trump Ramps Up Threats Ahead of Deadline
Iran said on Monday it wanted a lasting end to the war with the U.S. and Israel, and pushed back against pressure to reopen the Strait of Hormuz, while U.S. President Donald Trump warned the country could be “taken out” …
Maker of Stanley Tumblers Prevails in Lawsuit Over Lead Scare
A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead. In a decision on April 3, U.S. District Judge Tana Lin in Seattle said consumers did not …
Yes, Motorist Can Sue for Pothole Injury if the City Knew, Mississippi High Court Says
No, a municipality is not always immune from negligence claims, and yes, a motorist can sue the city government for injuries caused by an unrepaired pothole if the city was aware of the hazard, the Mississippi Supreme Court concluded last …
Connecticut Weighs P/C Insurance Surcharge to Fund Local Infrastructure Resilience
Connecticut lawmakers are considering placing a 5% surcharge on commercial property/casualty insurance policies for fossil fuels-related companies at a time when rising insurance premiums and utility bills are concerns. The surcharge is intended help fund local communities’ efforts to fortify …
Record Low Colorado Mountain Snow Doesn’t Bode Well for Drought-Stricken West
Hydrologist Maureen Gutsch trudged through the mud and slush to confirm a grim picture: Colorado just had its worst snowpack since statewide recordkeeping began in 1941. Even more troubling, mountain snow accumulations peaked a month early and contained just half …
Iowa Contractor Charged for Public Adjusting Without a License
An Iowa contractor has been charged with acting as a public adjuster without a license and insurance fraud. Joseph Starr, 39, of Rockwell, was charged with two counts of acting as a public adjuster without a license and one count …
Jones Day Law Firm Says Hackers Accessed Some Clients’ Data
Hackers have breached Jones Day and accessed the files of 10 clients, the law firm said on Monday. A prolific cybercriminal group known as Silent took credit for the attack, listing Jones Day among its victims on an extortion website. …
NHTSA Ends Probe Into Tesla Remote Driving Feature After Software Updates
The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents. The agency …