INSURANCE NEWS
Hemphill Installed as PIA President
Gerald F. Hemphill was installed as president of the National Association of Professional Insurance Agents during the organization’s Sept. 22 board of directors meeting held in San Diego, California. Hemphill, of Richmond, Virginia, was sworn in together with his four …
Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show
In the hardest-hit parts of southwest Florida, many newer structures survived remarkably intact in Hurricane Ian’s winds, suggesting that updated Florida building codes are making a difference in reducing property losses, according to early assessments. “From what I saw, the …
Judge Dismisses Florida Racketeering Lawsuit Against United P&C
A federal judge has dismissed a lawsuit against United Property & Casualty Insurance Co. and its adjusters, a closely watched legal action that charged the insurer had violated anti-racketeering laws to systematically deny assignment-of-benefits claims from Hurricane Irma. “We’re very …
Snap Employee Data Exposed After Breach at Document Company Elevate
Ephemeral messaging app Snap had employee data exposed by a breach at a third-party document analysis firm, according to a document reviewed by Reuters on Thursday. Snap, developer of Snapchat, said it had been told by document analysis company Elevate …
2 More Defendants Plead Guilty in New Orleans Staged Auto Collision Scheme
United States Attorney Duane A. Evans announced that Herbert Allen, age 37, and Dion Ridley, age 23, agreed to plead guilty to count one (1) of their indictment, charging Conspiracy to Commit Mail Fraud in violation of Title 18, United …
EU, U.S. Eye Level Playing Field for EU Electric Cars in U.S. Market
European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric car makers, the same status as U.S. ones in the U.S. market, to avoid what the EU calls discrimination against its producers by the …
Broker Marsh Says it Has Optimism for Continued Cyber Market Stabilization
In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of stead decline. Marsh said rate increases for cyber insurance have decelerated nearly 80% on average in …
Louisiana Advances Toward Large Carbon-Capture Project
Three energy corporations are partnering on a carbon- capture project with the hopes of dramatically reducing industrial carbon dioxide emissions in Louisiana, Gov. John Bel Edwards announced Wednesday. ExxonMobil, CF Industries and EnLink Midstream have entered into an agreement with …
People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS’ Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team
This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction Solutions A summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability Team in Canada NFP, the property and casualty …
Airbus and Qatar Airways Return to Court Over Ongoing Contractual, Safety Dispute
Airbus and Qatar Airways return to court on Friday as a contractual and safety dispute over A350 passenger jets descends into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling-out top $1.5 billion. Qatar Airways …
Viewpoint: Effective Risk Management and Insurance Procurement
More than ever, in the wake of the global disruption wrought by the COVID-19 pandemic, geopolitical upheaval, and supply chain disruptions and other inflationary pressures, risk management has proven critical to organizations’ operations and survival. Although some organizations might continue …
Oregon Retirement Home Fire That Killed One Was Human Caused
An explosion and fire last week at the Columbia Hills Retirement Center in St. Helens, Oregon, that killed one person was a human-caused accident. Columbia River Fire & Rescue officials said the explosion was caused by oxygen tanks stored in …