INSURANCE NEWS
Former Tallahassee Mayor, Who Almost Defeated DeSantis in 2018, Indicted on Federal Charges
The former mayor of Tallahassee, who came close to defeating Ron DeSantis in the Florida governor’s race in 2018, has been indicted on federal charges of fraud and making false statements while mayor and as a candidate for governor. Andrew …
People Moves: Zurich Names Chiddick Midwest Regional Manager; Omaha National Appoints Connolly as COO
Gerald Chiddick Named Regional Executive for Midwest Region for Zurich North America Gerald Chiddick has been named regional executive for the Midwest region for Zurich North America, effective June 16. He will report to Carl Sutter, head of distribution & …
What Factors Could Drive Northern Hemisphere Tropical Cyclone Risk This Season?
This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. With June 1 heralding the official start of the 2022 North Atlantic hurricane season, Tropical Storm Alex already on the scoreboard, and …
Russian Hackers Also Focused on US and NATO Since Invasion
Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published Wednesday. Russia has deployed a three-pronged strategy of coordinated military, …
Tesla Worker Rejects $15M Payout in Race Bias Lawsuit
A Black former elevator operator at Tesla Inc’s flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by coworkers, opening the door for a new trial after a judge slashed a $137 …
Texas Top Cop Says Uvalde Police Could’ve Ended Rampage Early on
Police had enough officers on the scene of the Uvalde school massacre to have stopped the gunman three minutes after he entered the building, and they would have found the door to the classroom where he was holed up unlocked …
Massive New Mexico Wildfire Blamed on Miscalculations, Errors
U.S. Forest Service employees made multiple miscalculations, used inaccurate models and underestimated how dry conditions were in the Southwest, causing a planned burn to reduce the threat of wildfires to explode into the largest blaze in New Mexico’s recorded history, …
Ohio School Reaches Settlement in Principal’s Discrimination Case
A Black assistant principal who lost his job after complaining that his Ohio school’s dress code enforcement discriminated against African-American students would get $200,000 in back pay and damages under a proposed settlement with the district, which denies discriminating or …
Juul Soon to Be Ordered Off the Market by FDA, WSJ Reports
The US Food and Drug Administration is getting ready to order Juul Labs Inc.’s e-cigarettes off the market, the Wall Street Journal reported, citing people familiar with the matter. The decision could be announced as early as Wednesday, according to …
Yellowstone Park Aiming for Quick Reopening After Floods
Most of Yellowstone National Park should reopen within the next two weeks, much faster than originally expected after record floods pounded the region last week and knocked out major roads, federal officials said. Yellowstone Superintendent Cam Sholly said the world-renowned …
Louisiana Extends Policy Cancellation Date for Lighthouse Excalibur
Louisiana Insurance Commissioner Jim Donelon has extended the policy cancellation date for failed insurer Lighthouse Excalibur to June 30 following the Louisiana Department of Insurance’s (LDI) action to secure additional reinsurance for those policyholders through the end of this month. …
New Layer of Federal Oversight for Climate Disclosures Not Needed: Triple-I
Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent today to the U.S. Securities and Exchange Commission (SEC). Triple-I’s …