INSURANCE NEWS
Illinois Court: Insurers Cannot Exclude UIM Coverage for Bicyclists and Pedestrians
Auto insurance carriers must pay uninsured motorist benefits to insureds who are injured by motor vehicles while walking or bicycling, even if their policies explicitly provide coverage only to occupants of insured automobiles, an Illinois Appellate Court panel ruled. The …
Meta Could Face Hefty Fine as EU Probe Into Massive Data Leak Draws to Close
Meta Platforms Inc. could face a hefty fine as a probe by a key European Union privacy watchdog into the leak of the personal data of more than half a billion users last year draws to a close. The Irish …
5th Circuit Mulls Vaccine Mandate for US Contractors
A federal appeals court in New Orleans on Monday became the latest to hear arguments on whether President Joe Biden overstepped his authority with an order that federal contractors require that their employees be vaccinated against COVID-19. The contractor mandate …
Nebraska Wildfire Razes Camp, Prompts Evacuation
A wildfire that exploded in size in drought-stricken central Nebraska has destroyed much of a youth campsite and led officials to evacuate a nearby village. The Bovee Fire was initially reported as having burned around 100 acres early Sunday in …
Keystone to Add Bainswest Agencies in Oklahoma, Missouri
Keystone welcomed a group of Bainswest agencies from Oklahoma and Missouri to its network of growing agencies across the nation, effective January 1, 2023. Bainswest formed in Tulsa, OK in 1994. Bainswest ranks No. 18 in Insurance Journal’s Top 20 …
Ariel Re Obtains Approval to Launch Managing Agent at Lloyd’s
Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a managing agent at Lloyd’s of London. The new managing agency, Ariel Re Managing Agency (ARMA), will assume the management of …
Frustration and Desperation Mount as Ian’s Effects Linger
Days after the skies cleared and the winds died down in Florida, Hurricane Ian’s effects persisted Monday, as people faced another week without power and others were being rescued from homes inundated with lingering floodwaters. Ten additional deaths were blamed …
U.S. Barge Backlog Swells on Parched Mississippi River
Commercial barge traffic on southern stretches of the Mississippi River was at a standstill on Tuesday as low water levels halted shipments of grain, fertilizer and other commodities on the critical waterway, shipping sources said. The supply chain snarl comes …
Limit on Limousines’ Miles Is Among New York Safety Panel’s 16 Recommendations
A New York state task force created after a 2018 limo crash that killed 20 people issued a safety report with recommendations including equipping the vehicles with side impact protection devices and taking them off the roads after a certain …
Will Ian Consume Florida Cat Fund, Forcing More Back-Breaking Reinsurance?
While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm could significantly erode the Florida Hurricane Catastrophe …
Hub Acquires Kentucky’s Peel & Holland
Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired the assets of each of Peel & Holland Holdings, Inc., Peel & Holland, Inc., Riddle Insurance, LLC, Hartin Dynamics, LLC, and Bluegrass Premium Finance, …
California School District Says Hackers Accessed Massive Database
The Los Angeles public school system, the second-largest in the US, said an extortionist group had accessed a massive database but had not leaked as much sensitive information from it as initially feared. Student and staff data of the Los …