INSURANCE NEWS
World Insurance Associates Acquires Consumers Choice Underwriters
World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance throughout Florida including homeowners, commercial and special event insurance. The agency …
Russian E-commerce Firm Ozon Assesses Damages After Massive Warehouse Fire
MOSCOW – Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow, but that there were no significant risks to its liquidity and operational activities. At least …
Japan Truck Manufacturer Hino Admits It Faked Emissions Data for 20 Years
TOKYO (AP) – Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a …
Ukraine Wants Ship Safe Passage Deal Extended Beyond Grain to Other Cargoes
Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia’s invasion was due in Ukraine later in the day to load, as Kyiv called for the safe passage deal to be extended to other …
UK’s Solvency II Plans Could Open Door to Share-Buyback Bonanza for Insurers
Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime minister. Foreign …
Teenagers Charged with Arson at Chicago-Area Shuttered Resort
Two teenagers have been charged with arson for allegedly setting a May fire at a shuttered suburban Chicago resort that took firefighters a full day to extinguish. The two boys face charges of arson, burglary, criminal damage to property and …
North Texas Wildfires Continue to Erupt
One firefighter was injured and two others were treated for heat exhaustion while fighting a wildfire in North Texas that burned almost half a square mile Wednesday, officials said. The fire near Tolar, about 40 miles (65 kilometers) southwest of …
Equifax May Face Class-Action Suit After Credit-Score Glitch
Equifax Inc., the second-biggest global credit bureau, was hit with a proposed class-action lawsuit after a report that it provided inaccurate credit scores on millions of US consumers looking for loans. The suit, filed Wednesday in federal court in Atlanta, …
CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season
The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still calling for above-average action. The CSU Tropical Meteorology Project team is now predicting 18 named storms in 2022, including …
Lawsuit Against Massachusetts Police Alleges Wrongful Arrest of Black Man
A suburban Boston police officer who was pursuing a white suspect pinned a 20-year-old Black man to the ground as he was walking home and placed a knee on the man’s neck despite having no evidence that he was involved …
Jury Awards Sandy Hook Parents $4.1 Million in Defamation Case Against Alex Jones
A Texas jury on Thursday ordered conspiracy theorist and media personality Alex Jones to pay $4.1 million to the parents of a Sandy Hook shooting victim who sued him for defamation after he repeatedly claimed the school shooting was a …
California’s Largest Wildfire Got Very Little Help from Rainfall
California’s largest wildfire so far this year has so far charred nearly 90 square miles, getting only a little help from rainfall in the area this week. The wildfire, which is now listed as 10% contained, broke out on July …