INSURANCE NEWS
Staff Member Dies After Being Kicked at Residential School
A staff member at a residential school in Massachusetts died after being kicked in the chest while trying to restrain a 14-year-old student, and the girl is charged with assault, a prosecutor said. The incident happened last Wednesday night at …
NHTSA to Expand Probe Into 286,000 GM Vehicles Over Possible Engine Failure
The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the …
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations
U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said Oct. …
St. John’s University and ACORD Partner On Executive Education Programs
New York City’s St. John’s University is partnering with ACORD, the standards-setting body for the insurance industry, to offer virtual or in-person learning to employees of organizations that are members of ACORD. Programs focus on insurance fundamentals, professional skills, and …
JPMorgan Chase Fights Paying $115M Legal Tab for Convicted Fraudsters
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, …
CyberCube Insured Loss Estimate From AWS Outage: Likely About $40M
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which …
People Moves: Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty; Re/Insurer IQUW Bermuda Names Guy Carpenter’s Mitchell as CUO
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and IQUW Bermuda. A summary of these new hires follows here. Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty Liberty Mutual Reinsurance (LM …
After $7M in Local Incentives, Alfa Launches Renovation of New HQ in Montgomery
Alfa Insurance is moving into new headquarters in Montgomery, Alabama. But first, the space has to be renovated, the insurer said in news release last week. Alfa, one of the largest property insurers in Alabama, and its sister organization, the …
ExxonMobil Sues California, Claims New Green Laws Violate Speech
ExxonMobil Corp. has sued California, arguing that two new state laws violate the First Amendment by trying to force it to agree to a certain climate viewpoint, and conflict with federal regulations. The lawsuit, filed Friday, alleges that the two …
Alabama DOI Requiring Use of SLIP+ Platform for Surplus Lines Reporting
Alabama has become the seventh state to adopt the “SLIP+ for States” reporting and payment platform for surplus lines data and taxes, starting in 2025. Surplus lines brokers who already have a SLIP+ login do not need to register for …
Suspects in Louvre Heist in Custody After Week-Long Manhunt
French authorities have arrested several suspects after a frantic manhunt for the men who staged a spectacular daytime heist at the Louvre museum that gripped the world and embarrassed the government in Paris. The Paris prosecutor’s office confirmed the arrests …
Hurricane Melissa Explodes in Strength, Poses Peril for Jamaica
Hurricane Melissa strengthened further after pausing for most of Sunday south of Jamaica, with forecasters fearing the historic storm will lead to a humanitarian and economic disaster across the region. Melissa’s top winds reached 150 miles (240 kilometers) per hour, …