INSURANCE NEWS
NFL Is Latest Target in Lawsuits Over Data-Sharing With Meta
The National Football League was sued for allegedly sharing digital subscribers’ personal data with Meta Platforms Inc.’s Facebook, becoming the latest target of consumers claiming companies pass on private information to the social media site without their consent. NFL.com subscriber …
Tesla Sued by Drivers Over Alleged False Autopilot, Full Self-Driving Claims
Tesla Inc. was sued on Wednesday in a proposed class action accusing Elon Musk’s electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features. The complaint accused Tesla and Musk of having since 2016 …
Fire at E-scooter Showroom in India Kills 8, Adding to Vehicles’ Safety Concerns
MUMBAI – A fire that started at an electric scooter showroom in India killed at least eight people and injured 11, police said on Tuesday, in what is the deadliest such incident involving electric vehicles in the country. A spate …
Singapore Plans Financial Services Overhaul to Boost Sustainable Finance, Reinsurance
Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its position in a “key battleground” to fight climate change, mobilizing capital to support sustainable financing and green fintech. The “Industry Transformation …
Fitch Rates California Earthquake Authority’s New Revenue Bonds ‘A-‘
Fitch Ratings assigned an ‘A-‘ rating to the $500 million revenue bond issuance by The California Earthquake Authority. According to the rating agency, the CEA’s ratings reflect a risk transfer strategy that will set its minimum and maximum aggregate claims-paying …
Restaurants Facing New Challenges These Days: Getting More From Insurance Coverage
If the past two years have taught us anything, it’s that anything can happen. There are dozens of unforeseen possibilities that could leave your business financially liable or could otherwise discourage guests from returning. And in the restaurant industry, that …
Relation Insurance Acquires Mobeck-Guandalini in Connecticut
National insurance agency Relation Insurance Services has acquired Mobeck-Guandalini Insurance, a multi-line brokerage headquartered in Branford, Connecticut. Christopher Guandalini will continue to lead Mobeck-Guandalini Insurance under Relation going forward. Terms of the transaction were not disclosed. Mobeck-Guandalini Insurance transaction adds …
PCF Insurance Agencies Create Western Pacific Partners Group
Washington-based agencies Fortiphi Insurance and Western Pacific Insurance, both agency partners of PCF Insurance Services, announced the formation of the Western Pacific Partners Group led by Michael Ebert and Gabe Oh. The move aligns 19 independent insurance agencies within the …
Takeaways from Our Conversation on Cannatourism
Cannabis tourism, or more colloquially, “cannatourism,” is a billion-dollar and counting industry that includes everything from cannabis lounges to posh winery-tour style getaways with 4-star meals and messages. It’s a novel and unique industry with promise, and of a fair …
Phishing Triggers Majority of Cyber Claims in 2022 First Half: Coalition
Claims are down among Coalition policyholders in the first half of 2022, but small businesses became bigger targets and an organization’s employees remain the easiest was for cyber criminals to infiltrate and pull off scams. Coalition’s 2022 Cyber Claims Report …
North Dakota Official Says Medical Marijuana Would Decline if Pot Legalized
Legalizing recreational pot in North Dakota could cut the number of people who are registered to use the drug as medicine by at least 80%, due to access to bigger quantities and more varied products, a health official said Monday. …
Jury: Omaha Police Chief Retaliated Against Former Captain
A former Omaha police captain has prevailed in her lawsuit against Omaha Police Chief Todd Schmaderer and the city, having sued over allegations that the chief failed to promote her in retaliation for filing a discrimination complaint. A federal jury …