INSURANCE NEWS
People Moves: CoreLogic Names Dodd CEO; CAC Specialty Adds 4 to Senior Living Team; McCann Joins Lockton Re; Canopius Appoints Lee General Counsel
CoreLogic Names Dodd CEO Patrick Dodd has been appointed president and chief executive officer of CoreLogic, the global property information, analytics and data company. Dodd was named interim chief executive officer in January 2022. Prior to assuming the top job …
Supreme Court Backs Football Coach Fired After Praying on the Field
A divided US Supreme Court ruled in favor of a high school football coach who lost his job for conducting post-game prayers on the 50-yard line in a decision that buttresses religious rights and reduces the authority of public-school officials …
Medical Society Accuses Insurers of Using ‘Junk Science’ to Deny Covid Business Claims
The medical profession in New Hampshire is accusing the insurance industry of using “junk science” in justifying its denials of Covid-related business insurance claims. In an amicus brief in a case between a hotel chain and eight insurers, the New …
Business Moves: Sandbox Invests in Florida Insurance Data Firm Confianza
Florida-based Confianza Inc., which provides data analytics and machine learning to insurance agents, announced that it had closed its round of seed funding, with most of the capital coming from Sandbox Insurtech Ventures. The company, co-founded in 2020 by Jeffrey …
U.S. Supreme Court Again Nixes Bayer Challenge to Weedkiller Suits
The U.S. Supreme Court on Monday rejected another Bayer AG bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned …
Louisiana Launches $463M Project to Elevate Hurricane Evacuation Route
Louisiana state leaders have broken ground for a $463 million project that will elevate 8.3 miles of La. 1, one of the state’s hurricane evacuation routes. The groundbreaking held Friday is for work that will be done between Golden Meadow …
Lawsuit Filed Over Fatal Shooting of Arkansas Teen
The family of an unarmed Arkansas teenager fatally shot by a sheriff’s deputy during a traffic stop filed a federal lawsuit Thursday against the deputy and a county sheriff over the teen’s death. The family of Hunter Brittain filed the …
North Dakota Governor Wants Federal Aid to Deal with Spring Storm Damage
Gov. Doug Burgum is asking for some federal help in dealing with $57 million in public infrastructure damage caused by severe spring storms and flooding in North Dakota. Burgum has requested a presidential disaster declaration that would provide federal aid …
Florida OIR Trims Citizens’ HO Rate Increase to 6.4%
Five months ago, Citizens Property Insurance Corp. filed for a near-maximum-allowed rate increase for most of its policies, citing the need to continue depopulating the rapidly growing insurer of last resort. Last week, despite concerns that Citizens’ premiums are significantly …
NYC, Miami, Tampa, New Orleans Tops Among Storm-Surge Exposed Cities
New York, Miami, Tampa, and New Orleans are the metro areas with the most single-family homes at risk of heavy damage from storm surge during hurricanes, according to a report released by CoreLogic, a property data analytics firm. Using housing …
SMBs Are Struggling to Get Cyber Insurance: Here’s How to Stay Protected
For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about twenty years ago, carriers, brokers, and policyholders have reaped the benefits of soft market conditions. Policies were cheap, and they provided generous …
Rise of Women to Top UK Financial Services Roles ‘Stagnating’
Britain’s six-year drive to increase the number of women in senior management at financial firms is “stagnating” for the first time, a review for the finance ministry said on Thursday. The ministry launched its voluntary Women in Finance Charter in …