INSURANCE NEWS
Scientists Transplant Corals to Help Save Miami’s Reefs From Climate Change
A team of scientists from the University of Miami, the Florida Aquarium and Tela Marine in Honduras is working together to transplant crossbred coral fragments onto a reef off Miami’s coastline that was devastated by coral bleaching two years ago. …
Chantal Rain Brings Flash Flood Worries in Carolinas, Virginia
MIAMI (AP) — Tropical Storm Chantal was downgraded to a depression Sunday but raised concerns of possible flash flooding as it makes its way through central North Carolina toward south-central Virginia. Chantal made landfall near Litchfield Beach, South Carolina, at …
Marsh Suit Against Alliant Alleges Poaching of Commercial Surety Team, Accounts
Insurance broker Marsh USA is suing rival Alliant Insurance Services, this time for allegedly poaching key commercial surety employees and clients. New York-based Marsh is accusing California-based Alliant of inducing key commercial surety employees to breach their non-solicitation and confidentiality …
Maryland Unveils Details of Telematics Programs, Practices and Popularity
The number of Maryland auto insurance policies enrolled in a telematics program has been consistently growing, increasing by about 45% from 2021 to 2023. About 55% of the enrolled policies experienced an increase or decrease in premiums, according to results …
Ship Hit in Red Sea as Israel Strikes Houthi-Controlled Ports
Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before the Israel army carried out airstrikes on Houthi-controlled ports in Yemen. The …
UK Business ‘Struggling to See’ What’s Pro-Business About Labour
Before taking office last July, UK Chancellor of the Exchequer Rachel Reeves met business leaders over a series of breakfasts that became known as the smoked salmon and scrambled eggs offensive. British bosses were clamoring for change after 14 years …
Louis Vuitton Korea Suffers Cyberattack as Customer Data Leaked
Louis Vuitton Korea suffered a cyberattack that compromised some customer data, the second time in recent months that hackers have targeted the world’s largest luxury group. The Korean unit of LVMH’s flagship brand said an “unauthorized third party” accessed its …
Texas Officials Under Scrutiny Over Lack of Warning Systems in Deadly Flood
Before heading to bed before the Fourth of July holiday, Christopher Flowers checked the weather while staying at a friend’s house along the Guadalupe River. Nothing in the forecast alarmed him. Hours later, he was rushing to safety: He woke …
South Korea Penalizes ‘Negligent’ SK Telecom Over Major Data Leak
South Korean authorities ordered on Friday SK Telecom to strengthen data security and imposed a fine after the country’s biggest mobile carrier was hit by a cyberattack that caused the leak of 26.96 million pieces of user data. The measures …
Czech Republic Hit by Major Power Outage Triggered by Fallen Cable
A power outage in large parts of the Czech Republic, including Prague, trapped people in public transport and lifts and idled factories on Friday after a fallen high-voltage cable disrupted the network. The incident is likely to add to concerns …
Big I Celebrates Continued Tax Deduction for Many Independent Agents
The Independent Insurance Agents & Brokers of America (Big “I”) last Thursday celebrated the passage of the “One Big Beautiful Bill.” “The Big ‘I’ would like to thank the U.S. Congress and President Trump for their work to bring more …
Lululemon Gets Aggressive About Lookalikes With Costco Lawsuit
Lululemon Athletica Inc. is accusing Costco Wholesale Corp. of copying its apparel designs in a lawsuit — and the upscale sportswear company shared images with the court to back up its case. Here’s a look at the specific products that …