INSURANCE NEWS
Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says
A September trial for a Tampa woman charged with posing as an insurance agent and keeping thousands of dollars in auto insurance premiums has been postponed until December. Katrenia Lynette Harris, 54, was indicted by a federal grand jury in …
New York City Reports 4th Person Died Has After Legionnaires’ Disease Outbreak
A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The outbreak in …
Trump’s Debanking Order Could Create Uncertainty for Banks, Sources Say
U.S. President Donald Trump’s executive order requiring banks not to discriminate against clients on political or religious grounds could create uncertainty and administrative headaches for the industry, sources said. Trump signed an executive order on Thursday directing the Treasury Department …
People Moves: Chieppo Joins Mechanic Group; Foster Named Chair of NY Workers’ Comp Board
The Mechanic Group Appoints Chieppo Practice Leader The Mechanic Group, a division of Specialty Program Group LLC (SPG) headquartered in Pearl River, New York, appointed Candace Chieppo as practice leader. She is responsible for delivering coverage and service to The …
Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion
Preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead and sent 10 to hospitals, the company said Friday. U.S. Steel said it developed the information, …
Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation
Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which is designed …
DOJ Sues California to End Enforcement of Emissions Standards for Trucks
The U.S. Justice Department said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks. The DOJ said it filed two complaints this week in federal courts against the California Air …
Banking’s Ailing Climate Coalition Loses Ground in Europe
Inside the world’s largest climate coalition for banks, there’s speculation that an exodus led by Wall Street could be about to spread to the European Union. The Net-Zero Banking Alliance, an organization dedicated to decarbonizing global finance, may be facing …
Ohio’s Roehr Insurance Partners With Higginbotham
Higginbotham announced it has partnered with Roehr Insurance, one of the largest property and casualty insurance agencies in Cincinnati, Ohio. The partnership grows Higginbotham’s presence in the Midwest and provides Roehr with expanded resources to support both clients and employees. …
OpenAI’s Sam Altman Expects to Spend ‘Trillions’ on Infrastructure
OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money. “You …
Texas Economy Slowing Amid Trade Policies and Immigration Crackdown
All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas. The report on the Fed’s recent Texas Business …
Texas Students Injured in School Bus Rollover Crash
A Texas school bus carrying more than 40 students on Wednesday rolled over after veering off a rural road on the first day of class, injuring multiple students, authorities said. At least one person has life-threatening injuries, while two others …