INSURANCE NEWS
Dead Oklahoma Inmate Was Suing Over ‘Baby Shark’ Claim
An Oklahoma County inmate found dead in his jail cell over the weekend was a plaintiff in a lawsuit against the county alleging that in 2019, he and other inmates were tortured by jail employees who forced them to repeatedly …
Judge Appoints Mediator in New Orleans Hard Rock Hotel Collapse Lawsuits
A New Orleans judge has brought in a mediator to try to work out a settlement with hundreds of people who claim damage from collapse of part of a hotel under construction nearly three years ago. Plaintiffs say they were …
Judge Appoints Mediator in Hard Rock Hotel Collapse Lawsuits
A New Orleans judge has brought in a mediator to try to work out a settlement with hundreds of people who claim damage from collapse of part of a hotel under construction nearly three years ago. Plaintiffs say they were …
Google Must Face Most of Texas Lawsuit Over Ad Dominance, Judge Rules
Alphabet Inc’s Google must face all but one antitrust allegation about its online advertising business brought in a lawsuit by attorneys general for Texas and 16 other states or territories, a federal judge ruled on Tuesday. Google won its motion …
NBA Suspends Phoenix Suns Owner Over Racial Slurs, Harassment
The National Basketball Association suspended Phoenix Suns owner Robert Sarver for one year and ordered him to pay $10 million after an investigation found he used racial slurs, sexually harassed female employees and bullied some staff members. The league announced …
Lloyd’s Gives Green Light to Asta-Managed Trium Cyber Syndicate 1322
Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from Lloyd’s. Trium Cyber Syndicate 1322 expects to write $50 million of gross premiums …
Typhoon Muifa Pounds Eastern China With Strong Gales, Rain
Powerful gales and torrential rains battered Zhoushan in eastern China on Wednesday as Typhoon Muifa made landfall at the port city in what local media called the strongest tropical cyclone to hit the populous Yangtze River Delta in a decade. …
People Moves: Orchid Names Cody CEO, Promotes Bowie, Carlsen
Orchid Underwriters Agency named Kathy Cody CEO. Cody joined Orchid in 2019 as its COO and became president in 2021. She was previously chief operating officer, personal lines for Farmers Insurance Group. She was CFO of Farmers Life and head …
California Mudslides Damage Homes, Carry Away Cars
Rescuers searched for a person missing in a mudslide Tuesday as big yellow tractors plowed through dark, thick sludge and pushed boulders off roads after flash floods swept dirt, rocks and trees down fire-scarred slopes, washed away cars and buried …
Acrisure Receives Nod From Lloyd’s to Launch Syndicate 1985, Managed by Asta
Asta, the third-party managing agent at Lloyd’s, and Acrisure announced that Lloyd’s has granted “in principle” approval for the launch of Flux Syndicate 1985, which will commence underwriting on Jan. 1, 2023. Flux is expected to generate gross written premium …
Repeal of Massachusetts Immigrant Driver’s License Qualifies for November Ballot
Massachusetts voters will get the chance to decide whether the state should reject a new law allowing immigrants in the country illegally to obtain state driver’s licenses. The secretary of the commonwealth’s office announced late Friday that it had certified …
Deeper Roots: How the Latino Community Is Strengthening the Cyber Insurance Workforce
The root level is the highest permission level of access to a computer system, and most cybersecurity professionals work hard to ensure criminals don’t gain root access to a system. However, the word ‘root’ has another meaning for Raíces Cyber, …