INSURANCE NEWS
Court Says Woman Can Sue Harvard for Distress Over Enslaved Ancestors’ Photos
A Connecticut woman who says she’s descended from slaves who are portrayed in widely published, historical photos owned by Harvard University can sue the school for emotional distress, Massachusetts’ highest court ruled Thursday. The state’s Supreme Judicial Court partly vacated …
Maine Agency Faces Backlash, Loses Carriers After Juneteenth Posting
An independent insurance agency in Millinocket, Maine has lost three of its carrier partners and continues to face backlash on social media and in its community after posting a racially-charged sign on its door on Monday, the Juneteenth holiday. “Juneteenth …
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. “We’re all trying to solve the same problem,” said Lori Bailey, chief insurance officer at …
People Moves: McGriff Names Curtis VP for Captives, Alternative Risks
McGriff Insurance Services, a retail insurance broker based in Huntsville, Alabama, has named Bud Curtis vice president and alternative risk business development manager. McGriff, a subsidiary of Truist Insurance Holdings, the sixth largest insurance broker in the U.S., said in …
Acrisure Acquires Ohio’s QuickInsured Agency
Acrisure, a fintech company that runs a global insurance broker, announced that it has acquired Columbus, Ohio-based QuickInsured, a tech-centered insurance agency. Acrisure will now have use of QuickInsured’s proprietary digital “sales funnel,” which customizes insurance offerings for customers, and …
Walgreens Reaches $105 Million Settlement With Shareholders
Walgreens Boots Alliance Inc. agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading shareholders about how rising generic drug prices and reimbursement pressures would hurt its pharmacy business. The preliminary all-cash settlement was filed …
Flood Alert in China’s Manufacturing Hub at Highest Level
China’s manufacturing hub of Guangdong raised its flood warning to the highest level due to the worst rains in decades, spurring more evacuations and threatening further supply chain disruptions in an economy reeling from Covid-related lockdowns. Guangdong province raised its …
Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.
The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers that there are new emerging risks …
Florida HO Premiums Highest in Nation at $4,200 Average, Triple I Report Shows
A report from the Insurance Information Institute confirms what many Florida homeowners have suspected: Their insurance premiums are some of the highest in the nation. The annual cost of a Florida homeowners policy this year will jump to $4,231 – …
Crews Find Body of Worker Under Collapsed Iowa Grain Silo
Crews recovered the body of a man who was buried under piles of grain and debris from a collapsed grain silo in southeastern Iowa on Wednesday. The collapse happened just before 8 a.m. Tuesday at a grain elevator at Yarmouth, …
Nursing Home Owner Whose Residents Suffered in Ida in Trouble
The owner of seven Louisiana nursing homes who sent more than 800 of his elderly residents to a crowded, ill-equipped warehouse to ride out Hurricane Ida last year was arrested Wednesday on fraud and cruelty charges arising from the squalid …
Parliament Cautions Regulators: UK Finance, Insurance Yet to Feel Full Brexit Impact
Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance ministry has proposed scores of changes to rules governing …