INSURANCE NEWS
Two More HO Insurers Join Florida Market, One Led by Former Metromile CEO
Florida regulators have approved two new homeowner insurance companies, one led by a San Francisco tech entrepreneur and former head of Metromile auto insurance company. “I focus on companies that can successfully use machine learning and statistics to build great …
Murdoch Calls Trump’s Epstein Suit ‘Affront’ to Free Speech
Rupert Murdoch and News Corp. asked a US judge to throw out President Donald Trump’s $10 billion libel lawsuit over a Wall Street Journal report tying him to a bawdy birthday note to the late Jeffrey Epstein, calling the case …
AM Best: Commercial Auto Liability Drags Down Segment and it Could Get Worse
Commercial auto has been a dark cloud hanging over the U.S. property/casualty industry for more than a dozen years—and things are getting worse. For the 14th consecutive year, commercial auto has posted an underwriting loss and has accumulated more than …
New Jersey Requires Testing and Disclosure of Lead in Water Systems
New Jersey has enacted new requirements around testing and disclosure of lead in public water systems. The new law (A2929/S1034) requires landlords to report information about the known or potential presence of lead in drinking water to tenants of residential …
Illinois Labor Union to Pay $110K Over Race Discrimination Lawsuit
Sunnybrook Union, a labor union representing teachers and educational support staff in the Sunnybrook School District in Lansing, Illinois, will pay $110,000 and provide other relief to settle a race discrimination case filed by the U.S. Equal Employment Opportunity Commission …
Electric Tractors Gain Traction Among Farmers Seeking Eco-Friendly Options
In the soft dirt of an indoor horseback riding ring last month, a group of farmers got ready to test drive a new piece of equipment: an electric tractor. As they took turns climbing in — some surprised by its …
Hundreds of Flights Snarled at Dallas Airports Over Equipment Issues, FAA Says
Hundreds of flights in and out of Dallas were delayed or canceled Friday as telecommunications equipment issues disrupted one of the nation’s busiest airports, federal officials said The Federal Aviation Administration said it was slowing flights at Dallas Fort Worth …
Report: Man Who Died on Universal Orlando Roller Coaster Had Spinal Condition
Emergency workers who responded to Universal Orlando Resort’s newest park for a man who had become unresponsive on a roller coaster originally were told he had lacerations. But when they got to the ride, he wasn’t breathing and eventually died, …
NC Judge Orders Insurers to Pay $50M in TV News Helicopter Crash Death
A North Carolina judge has ordered $50 million be paid to the family of a Charlotte TV station meteorologist who was killed in a helicopter crash three years ago after finding the companies that owned and operated the aircraft liable …
Stellantis Detects Breach at Third-Party Provider for North American Customers
Stellantis detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations, the company said in a statement on Sunday. The automaker said the incident, which is under investigation, exposed only basic contact information …
Jury Awards $83 Million in Asbestos Case Involving Ceramics Products
A Massachusetts jury has awarded $83 million to the estate of a woman who died from mesothelioma caused by asbestos in ceramics products. The jury returned the verdict against the maker of the ceramics products, American Art Clay Co. The …
Ardonagh Europe Agrees to Acquire French Broker, Groupe Leader Insurance
Ardonagh Europe, part of The Ardonagh Group and headquartered in Dublin, Ireland, has agreed to acquire Groupe Leader Insurance (GLI), one of the top 10 wholesale and multi-specialist brokers in France. Founded in 2003 by entrepreneur Yoann Chery, GLI has …