INSURANCE NEWS
Insurer Asserts No Duty to Defend Security Firm in Rhode Island Club Shooting
The insurer for a security firm for a Rhode Island nightclub where shootings and stabbings took place on October 17, 2021 is asking a court to declare it has no duty to defend the security firm. Persons injured in the …
Three Iowa Women Charged with Insurance Fraud
Three women were charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Danesha Minor, 37, of Des Moines was charged with presenting false information (Class D Felony), conspiracy to commit a non-forcible felony (Class D …
Homeowners of America Launches Insurance Services in Oklahoma
Porch Group’s Homeowners of America introduced service in Oklahoma. This is now HOA’s 18th state of operation. Porch Group is a Seattle-based vertical software company in the home services and insurance industries. Porch Group provides software and services to more …
Cyber Pirates Prowling Ship Controls Threaten Another Big Shock
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard. Though the malware attack never controlled the vessel’s movement, authorities concluded that weak defenses exposed critical functions …
Second Amtrak Crash in Two Days Kills Three in Missouri
One day after an Amtrak train crash killed three people in California, another Amtrak train, traveling from Los Angeles to Chicago, derailed Monday in Missouri, leaving at least three people dead and multiple people injured, authorities said. The train was …
Travelers Championship Raised $2.5 Million for Charities
The Travelers Companies reported that the 2022 Travelers Championship generated more than $2.5 million for more than 130 charitable organizations. Since Travelers became title sponsor in 2007, the event has raised more than $25 million for more than 800 local …
Is Hyperbaric Therapy a Fire Risk? North Carolina Authorities Say It Is
The Raleigh, North Carolina, Fire Department has ordered a wellness company to stop offering an oxygen-rich hyperbaric therapy treatment because of the fire risk. Officials with Restore Hyper Wellness tell the Raleigh News and Observer they are working with city …
Names Released in WV Crash That Killed Six on Helicopter’s Last Flight
Medical examiners in West Virginia have released the names of six people killed in the crash of a Vietnam-era helicopter that gave tour rides. The aircraft crashed Wednesday during its last planned flight at an annual reunion for helicopter enthusiasts …
China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021
China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, …
Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator
Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …
UK Home Insurer Policy Expert Considers £1 Billion Sale
UK home insurer Policy Expert’s owner is considering a potential sale that could raise as much as £1 billion ($1.2 billion), people with knowledge of the matter said. Investment firm Primary Group Ltd. is working with advisory firm Perella Weinberg …
Judge Orders New Trial in Tesla Worker’s Race Bias Lawsuit
A federal judge in California on Monday ordered a new trial on the damages Tesla Inc. owes to a Black former factory worker who accused the company of race discrimination, after he turned down a $15 million award. U.S. District …