INSURANCE NEWS

US Probes Driver Assistance Software in 2.9 Million Tesla Vehicles Over Traffic Violations

The U.S. National Highway Traffic Safety Administration said on Thursday that it is opening an investigation into 2.88 million Tesla vehicles equipped with its Full Self-Driving system over more than 50 reports of traffic-safety violations and a series of crashes. …
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Markets/Coverages: Special Contingency Risks Offers Enhanced Victim Support Cover

Special Contingency Risks (SCR), a WTW business, has launched an Enhanced Victim Support insurance extension (EVS) to support hostage victims. The SCR initiative launches as part of an exclusive partnership with the charity, Hostage International. This new offering underscores SCR’s …
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Higginbotham Acquires Texas’ Stephens Insurance Services

Higginbotham has acquired Lubbock, Texas-based Stephens Insurance Services, a benefits specialist. The collaboration pairs on-the-ground relationships with added resources to enhance combined service offerings across West Texas and into eastern New Mexico, Higginbotham said. Stephens Insurance Services specializes in three …
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NC Woman Faces 170 Felony Charges in Insurance Fraud Involving Stolen GLP-1 Drugs

A North Carolina woman has been busy over the last three years, illegally obtaining weight-loss medication, administering it to people, and defrauding insurance companies of more than $87,400, the state Department of Insurance alleged this week. Heather Ann Robinson, 37, …
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Louisiana Police Video Counters Claim that LSU Star was Too Far From Fatal Wreck

Louisiana state police have released video evidence in a deadly 2024 car crash that authorities contend was caused by reckless driving by Kyren Lacy, a former Louisiana State University football star who took his own life days before a grand …
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Truck Driver Sues Fox NFL Broadcaster Over Fight in Indianapolis

A 69-year-old truck driver who was seriously injured in a fight that prosecutors say was started by former NFL quarterback and sports analyst Mark Sanchez is suing Sanchez and his employer, Fox Corporation, in Indiana state court. Lawyers for Perry …
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Ex-Fed Official Sees Secular ‘Shocks’ Ahead From Extreme Weather

The Federal Reserve’s former top-ranking official overseeing climate risk says the US economy faces a series of long-term, structural shocks as a result of increasingly extreme weather patterns. Kevin Stiroh, who left the Fed earlier this year after it wound …
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La Niña’s Back, but Will It Amp Up Hurricane Season?

La Nina, the cooler and at times costlier flip side of El Nino, has arrived to warp weather worldwide, meteorologists said Thursday. This natural weather phenomenon often turbocharges the Atlantic hurricane season, but this La Nina may be too weak …
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Constellation Energy to Spend $340M to Improve Water Quality at Maryland Dam

Constellation Energy has agreed to spend more than $340 million to improve water quality at Maryland’s Conowingo Dam, which flows into the Susquehanna River and eventually ends up in the Chesapeake Bay, the nation’s largest estuary, officials announced last week. …
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People Moves: Aon Names Chisholm as Chairman of Asia Reinsurance Solutions; Markel Appoints Luxford as Head of Distribution and MGA Strategy, Australia

This edition of International People Moves details appointments at Aon and Markel Insurance. A summary of these new hires follows here. Aon Names Chisholm as Chairman of Asia Reinsurance Solutions Insurance broker Aon plc named Simon Chisholm as chairman of …
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Ben & Jerry’s Co-Founder Expects Conflict to Continue Under New Ownership

Ice cream brand Ben & Jerry’s is set to switch corporate owners next month, but for Ben Cohen, the counterculture brand’s co-founder, it is a case of meet the new boss, same as the old boss. As of November, Ben …
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Weak Governance of Artificial Intelligence Raises Risks of Cyberattacks: Moody’s

Weak artificial intelligence (AI) governance practices pose a growing risk of data breaches, warns a report published by Moody’s Ratings. Large numbers of companies and organizations “have no rules in place to govern the safe use of new artificial intelligence …
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