INSURANCE NEWS
Woman Gets Probation for Massive Capital One Hack in 2019
A former Seattle tech worker convicted of several charges related to a massive hack of Capital One bank and other companies in 2019 was sentenced Tuesday to time served and five years of probation. U.S. District Judge Robert S. Lasnik …
Revival Sought for Outspoken Louisiana Pastor’s Lawsuit Over COVID Restrictions
An outspoken Christian conservative attorney from Alabama has asked a federal appeals court to revive a Louisiana pastor’s damage claims against state officials over long-expired COVID-19 restrictions. A federal judge this year dismissed minister Tony Spell’s lawsuit against Gov. John …
People Moves: Falcon 4 Key Senior Hires; New Chief HR Officer at Hippo
Falcon Expands Leadership Team with Key Senior Hires Falcon Risk Holdings LLC (Falcon), the US Financial, Professional and Cyber lines MGA, has announced four senior appointments to its team. Bryan Harmsen joins the team as chief operating officer. Harmsen previously …
‘Best Before’ Labels Scrutinized as Food Waste Concerns Grow
As awareness grows around the world about the problem of food waste, one culprit in particular is drawing scrutiny: “best before” labels. Manufacturers have used the labels for decades to estimate peak freshness. Unlike “use by” labels, which are found …
AM Best Lifts Negative Review Status, Affirms Credit Ratings of Aegis Security
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of Aegis Security Insurance Co., based in Harrisburg, Pennsylvania. …
Florida Comp Workshop on Physician Dispensing Rules Moved to November
The Florida Division of Workers’ Compensation has rescheduled two workshops on proposed rules governing physician dispensing of medications. The workshops were set for Sept. 29 but were postponed due to the arrival of Hurricane Ian across much of Florida last …
$725K Settlement Reached in Fatal Washington Shooting Lawsuit
The Vancouver City Council in Washington has approved a $725,000 settlement in the police shooting of a man who was experiencing a mental health crisis in April 2020. Three Vancouver police officers fatally shot William Abbe, 50. The Thurston County …
Uber’s Former Security Chief Convicted of Data Hack Coverup
Uber Technologies Inc.’s former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company’s troubled past under its original leadership. Joe Sullivan was found guilty in San Francisco federal court Wednesday …
After Historic Highs This Year, Housing Prices Moderating in Miami Area
Housing prices fell again last month in Miami-Dade County and dipped for the first time in months in neighboring Broward County, an uplifting sign for aspiring home buyers. Miami-Dade’s median sale price dwindled to $551,250 for a single-family home in …
World Insurance Acquires 3 Agencies in Northeast
Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New Jersey on September 1, 2022. Iacangelo, founded in 1957, sells …
UK Market Turmoil Threatens Plans for Post-Brexit Reforms for Insurers
Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such ambitions harder to deliver. The …
U.S. Consumers Value Data Privacy Over Savings in Home, Auto Insurance: Policygenius
Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data-monitoring devices, according to an annual survey from Policygenius. The survey found that 68% of U.S. consumers said they would not install an app …