INSURANCE NEWS
Florida Sees Rise in Flesh-Eating Bacteria Amid Ian Flooding and Destruction
Florida has seen an increase in cases of flesh-eating bacteria this year driven largely by a surge in the county hit hardest by Hurricane Ian. The state Department of Health reports that as of Friday there have been 65 cases …
Florida Governor Plans to Call Second Special Session to Tackle Insurance Crisis
Florida’s besieged property insurance industry is hoping the second time will be the charm, after Gov. Ron DeSantis announced that he is working with lawmakers to schedule another special session to help stablilize the market. The governor’s office did not …
People Moves: GEICO’s Measley Joins Plymouth Rock; Burns & Wilcox Adds Chapple in Pittsburgh
Plymouth Rock Names GEICO’s Measley Chief Claims Officer Plymouth Rock Assurance Corp. has appointed Paul Measley as its chief claims officer. Measley joins Boston, Massachusetts-based Plymouth Rock from GEICO and is responsible for the claims organization within Plymouth Rock’s independent …
U.S. Agency Covering Matching Costs Following New Mexico Fire
The U.S. Department of Agriculture will waive cost-sharing requirements for New Mexico farmers and ranchers affected by the largest wildfire in the state’s recorded history. U.S. Sen. Ben Ray Luján announced that the agency will cover cost sharing for emergency …
Thick smoke in western Washington and Oregon to soon clear
A haze of smoke covering parts of western Washington and Oregon is expected to clear before the week’s end, but only after the region reached a dubious distinction: Seattle and Portland briefly topped a list of large cities with the …
Foggy Oregon Crash Involved Dozens of Vehicles, 1 Dead
One person was killed Wednesday morning in a multi-vehicle crash in heavy fog on Interstate 5 in Oregon. Crashes in the southbound lanes of the interstate north of Eugene involved about 60 vehicles including up to 20 semitrailers, Oregon State …
Study: Cancer-Causing Gas Leaking from California Stoves, Pipes
Gas stoves in California homes are leaking cancer-causing benzene, researchers found in a new study published on Thursday, though they say more research is needed to understand how many homes have leaks. In the study, published in Environmental Science and …
Study Traces COVID-19 Impact on New York Workers’ Compensation Claims
During the height of the pandemic, New York workers’ compensation indemnity payments increased while medical payments decreased. That’s according to a new report from the Workers Compensation Research Institute (WCRI) that found that indemnity benefits per claim grew 10% for …
People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO
This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these new hires follows here. SCOR Taps AXA XL’s Guest as Head of Crisis Management SCOR announced the appointment of David …
Amazon Faces $1 Billion UK Class-Action Lawsuit Over Use of ‘Secretive’ Algorithm
Amazon.com Inc. faces a UK class-action lawsuit over claims the tech giant uses a “secretive” algorithm to abuse its dominant position in the online marketplace. Amazon has made millions of customers pay more by hiding better deals on platforms to …
Volkswagen Sued for Not Disclosing Alleged Private Climate Lobbying Activities
Volkswagen AG was sued by institutional investors in Germany concerned that despite making public commitments to fighting climate change, the carmaker may be privately lobbying against its environmental ambitions. A group of Swedish public pension funds, Danish AkademikerPension and the …
Ukraine Insurance Costs Pricier, Harder to Organize Than During Iraq War: Sources
Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organize than during the Iraq war. While initially nervous about providing cover in the immediate aftermath of Russia’s February invasion of Ukraine, …