INSURANCE NEWS

New Hampshire Motorcycle Crash Trial Hears Drugs, Alcohol Testimony

A substance made when the body breaks down heroin was present a truck driver’s blood just hours after he was involved in a 2019 crash that killed seven motorcyclists, a forensic toxicologist testified this week. The metabolite, referred to as …
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Two Bankers Insurance Firms Lose Ratings; Florida OIR Offers Info on Backstop

The Demotech financial review firm has withdrawn the stability ratings for two more Florida property insurance companies, Bankers Specialty Insurance and First Community, both part of Bankers Insurance Group. Meanwhile, the state Office of Insurance Regulation has posted answers to …
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Oregon Heat Wave Puts State Workplace Safety Rules to Test

New state rules require access to water, shade and breaks on hot days, but workers say they’re still laboring in unsafe conditions. Skyler Fischer is forklift driver at a Fred Meyer distribution center in the town of Clackamas. He’s been …
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Settlement Blocks New Federal Fracking Leases in California

Leasing for new oil and gas drilling on federal land in central California is temporarily blocked under a settlement announced this week between the state and the U.S. Bureau of Land Management. The deal, which still needs court approval, centers …
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Robinhood Crypto to Pay New York $30M for Cybersecurity, Anti-Laundering Violations

Robinhood Crypto will pay a $30 million penalty to New York State for “significant failures” in its anti-money laundering obligations and cybersecurity compliance, according to the state’s financial services regulator. According to Superintendent of Financial Services Adrienne A. Harris, the …
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How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court’s June overturning of the 1973 Roe v. Wade decision protecting women’s constitutional right to an abortion has brought with it reports of growing digital privacy concerns. Most of the concerns center on individuals’ collected data due …
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BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia Berkshire Hathaway Specialty Insurance …
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Brown & Brown Completes Acquisition of Specialist Wholesale Broker BdB

Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced the completion of the previously announced acquisition of the general insurance operating companies of BdB Limited. Financial details of the transaction were not disclosed. Formed in 1993, BdB Limited is …
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Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments

Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on a first-half loss. The first grain-carrying …
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Europe’s Rhine River on Brink of Becoming Impassable as Water Levels Drop

Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic …
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Landfills Soon Could Be Inundated With Thousands of Wind Turbine Blades: Study

A new study led by the University of South Australia indicates tens of thousands of wind turbine blades will end up in landfills by the end of the decade unless end-of-life programs are established soon. The study, led by Professor …
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N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers

North Koreans are plagiarizing online resumes and pretending to be from other countries to get remote work at cryptocurrency firms to aid illicit money-raising efforts for the government, cybersecurity researchers say, following a U.S. warning on a similar scheme in …
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