INSURANCE NEWS
Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took over MicroEnsure Pakistan, a unit of MIC …
Tanzanian Plane Crashes Into Africa’s Lake Victoria, Killing 19
Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in northwestern Tanzania, Radio One cited Prime Minister Kassim Majaliwa as saying. The ATR turboprop aircraft was carrying 39 passengers from Tanzania’s commercial …
Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data …
Ruling Exposes Gov’t to $1.6B In Damages Because of Hurricane Harvey Flooding
A federal court in late October found the US government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but that’s just for starters. …
Deadly Tornadoes Hit Texas and Oklahoma, Flatten Buildings
Residents in southeastern Oklahoma and northeastern Texas began assessing weather damage Saturday, working to recover and thankful to have survived after a storm stretching from Dallas to northwest Arkansas spawned tornadoes and produced flash flooding, killing at least one, injuring …
NBA’s Spurs Sued by Ex-Team Psychologist for Sexual Misconduct
Police have begun investigating allegations that former San Antonio Spurs guard Joshua Primo exposed himself on multiple occasions to a former team therapist during counseling sessions. Dr. Hillary Cauthen filed a lawsuit against the Spurs and Primo, claiming the 19-year-old …
NTSB Again Calls for Seat Belts on School Buses After Deadly Crash
The National Transportation Safety Board on Thursday renewed its call for seat belts on school buses after completing an investigation of a 2020 crash in Tennessee that killed the driver and a 7-year-old girl. The investigation corroborated an initial report …
Ahem, Florida Lawmakers: State Insurance Market Badly Needs an Oil Change
As the Florida Legislature prepares for its 2nd Special Session on property insurance in 2022, it’s time we examine why our market sputtered out of control and discuss the necessary solutions to fix it. Many Floridians are wondering: How could …
Florida Workers’ Comp Agency Sets Workshop for Rules on Exempt Officers
The Florida Division of Workers Compensation will hold a workshop Nov. 16 on proposed changes to rules that govern when and how corporate officers can exempt themselves from workers’ compensation coverage. Current rules mandate that only those businesses organized under …
Black Medical Worker Awarded $3 Million in Maine Racial Discrimination Case
A federal jury has awarded $3 million to a former Northern Light Eastern Maine Medical Center worker who said racial discrimination led to his firing. Attorneys for David Ako-Annan, who is Black, said the damages represented the largest sum awarded …
Alex Jones Defamation Trial Enters Punitive Damages Phase
Infowars host Alex Jones is facing the possibility of having more penalties heaped onto the amount he already owes for spreading conspiracy theories about the Sandy Hook Elementary School shooting, as the punitive damages phase of his Connecticut trial is …
Nebraska Dept. of Insurance Conducts Review of Guidance Documents
This month, the Nebraska Department of Insurance (NDOI) completed a process improvement project focused on their guidance document library. Governor Pete Ricketts has encouraged agencies to reduce their regulatory burden. The NDOI created a system to ease access to the …