INSURANCE NEWS

Gazprom Says Nord Stream Gas Pipeline Safety Depends on Turbine From Canada

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. Kremlin-controlled energy giant Gazprom said on Wednesday it could not guarantee the safe operation of a critical part of the Nord Stream 1 …
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Despite Growing Pressures, Most Cyber Insurers Won’t Exit: Survey

The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn’t necessarily scaring insurers away, according to a 2022 Cyber Insurance Market Trends report from Panaseer. “Despite the considerable …
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DOJ Poised to Rebuff Google Concessions, Clearing the Way for Antitrust Suit

The US Justice Department is likely to reject concessions offered by Alphabet Inc., clearing the way for an antitrust lawsuit over Google’s dominance of the online advertising market, according to people familiar with the matter. While Google has made at …
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People: SterlingRisk Aviation Names Larkin VP; Obusek Chief Deputy at NCDOI

SterlingRisk Aviation, based in Destin, Florida, has hired Kris Larkin as vice president and senior account executive. Larkin, who has almost two decades in the aviation insurance business, was previously client service supervisor for Arthur J. Gallagher’s aviation practice. She …
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Electric Vehicle Sales Rise Sharply, Signaling Changes for Auto Claims

US consumers are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said in new report that electric vehicles made up 4.6% of new light-vehicle registrations …
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Higginbotham Adds Mathis Broker in Tennessee

Mathis, Tibbets & Mathis, a 36-year-old independent broker of commercial and personal property/casualty insurance, surety bonds and employee benefits plans, based in Memphis, has been acquired by Higginbotham. Higginbotham, which said it ranks as one of the 20th largest independent …
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New York City Releases Nuclear Attack Warning Video. Why Now? Why Not?

New York City residents are accustomed to warnings about all kinds of potential threats — severe weather, public health, mass shootings. But a new public service announcement on surviving a nuclear attack has rattled some cages. Released this week by …
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Family Sues Over Arkansas Man’s Fatal Shooting by Officer

The family of a man who was fatally shot near an Arkansas hospital while trying to drive away in a stolen truck filed a federal lawsuit last week against the officer who shot him and several others. Relatives of Tyrone …
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Oakbridge Continues SE Expansion with Tennessee’s Assurance Center

Atlanta-based Oakbridge Insurance Agency, one of the largest regional agencies, has added The Assurance Center to its family. Assurance, headquartered in Knoxville, Tennessee, is a risk consultancy and agency with an all-woman team, the companies said in a news release. …
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5 Illinois Workers Hospitalized After Gutter, Power Line Accident

Three workers were hospitalized in critical condition and two others in serious condition Tuesday after an aluminum gutter came into contact with a power line while working on a northern Illinois home, fire officials said. The five workers were erecting …
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Northwest Iowa City House Explosion Injures 3

An explosion Wednesday morning destroyed a house in the northwest Iowa city of Le Mars and injured three people. The 6:30 a.m. explosion largely demolished one house and caused a fire and other damage to neighboring homes, according to the …
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1M Gallons of Oil Collected Since 2019 Spill off Louisiana Coast

One million gallons of oil have been collected since April 2019 from the site of the nation’s longest oil spill, in the Gulf of Mexico off Louisiana, the Coast Guard and National Oceanic and Atmospheric Administration said Tuesday. The spill …
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