INSURANCE NEWS
Iceland Sees Security Risk, Existential Threat in Atlantic Ocean Current’s Possible Collapse
Iceland has designated the potential collapse of a major Atlantic Ocean current system a national security concern and an existential threat, enabling its government to strategize for worst-case scenarios, the country’s climate minister told Reuters. The Atlantic Meridional Overturning Circulation, …
Amazon Sued Over ‘Punitive’ Handling of Employee Absences
Amazon.com was sued on Wednesday in a proposed class action saying the retailer subjects thousands of warehouse employees with disabilities to a “punitive” policy governing workplace absences. Amazon, the largest private-sector U.S. employer behind Walmart, was accused of docking unpaid …
Pollen Street Eyes IPO for UK Insurer Markerstudy at £3 Billion Value
Pollen Street Group Ltd. has begun preparing an initial public offering for UK insurer Markerstudy, according to people familiar with the matter. The buyout firm has started early discussions with investment banks about the potential listing, the people said, asking …
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims
A few years ago, in the early 2020s, it was not unusual to hear about or even see roofing workers in Florida deliberately manipulating roof shingles to make it appear that the roof was damaged by storm winds. I saw …
Waymo Launches Driverless Robotaxis on Freeways in First for US
Waymo will become the first robotaxi provider in the US to offer driverless rides on highways, a milestone that positions it to better compete with ride-hailing companies and traditional taxi services. Beginning Wednesday, the Alphabet Inc. unit will begin offering …
Some States Require Public Schools to Teach Kids About Gun Safety
This school year, students in elementary, middle and high schools in some states will get a new lesson on safety: what to do if they find a firearm. Arkansas, Tennessee and Utah are the first states to enact laws that …
Waymo Launches Driverless Robotaxis on California, Arizona Freeways in First for US
Waymo will become the first robotaxi provider in the U.S. to offer driverless rides on highways, a milestone that positions it to better compete with ride-hailing companies and traditional taxi services. Beginning Wednesday, the Alphabet Inc. unit will begin offering …
Authorities in Miami Investigating Death of Passenger on Cruise Ship
Authorities in Miami were investigating the death of a passenger traveling on a Carnival cruise ship that returned to the city Saturday. Carnival Cruise Line said the passenger was traveling aboard the Carnival Horizon, a ship holding up to nearly …
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report
A new survey reveals consumer frustration with auto insurance pricing models and growing support for more transparency in how policies are priced and for telematics. The new research from mobility data and analytics company Arity suggests that drivers who feel …
Car Fleeing Police Slams Into a Florida Bar, Killing 4 and Injuring 11
A speeding car fleeing police slammed into a crowded bar early Saturday, killing four people and injuring 11 in a historic district of Tampa, Florida, that is known for its nightlife and tourists. An air patrol unit spotted the silver …
Small Plane on Hurricane Relief Mission to Jamaica Crashes in Florida Neighborhood
A small turboprop plane on a hurricane relief mission to Jamaica crashed Monday morning into a pond in a gated residential neighborhood of the Fort Lauderdale suburb of Coral Springs, killing two people shortly after takeoff and narrowly missing homes, …
With Earnings Up and Rates Dropping, Big National Execs Celebrate Florida Reforms
During earnings conference calls last week leaders of two large personal lines insurers commented on affordability issues, highlighting the downward impact of Florida tort reforms on auto insurance prices. “At a time when voters are clearly voting with their pocketbooks, …