INSURANCE NEWS
Why Are Test Dummies Modeled After Men if Women Face More Injury in Car Crashes?
Maria Weston Kuhn had one lingering question about the car crash that forced her to have emergency surgery during a vacation in Ireland: Why did she and her mother sustain serious injuries while her father and brother, who sat in …
Vessels Near Strait of Hormuz Transmit Unusual Messages to Prevent Attacks
Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran, according to maritime risk analytics firm Windward and ship tracking …
BHP Faces UK Contempt Charge for Funding Case Over Brazil Dam Collapse
BHP faces a full contempt of court hearing in Britain for funding litigation to try to prevent some Brazilian municipalities suing the mining giant over one of Brazil’s worst environmental disasters, London’s High Court ruled on Thursday. Thursday’s ruling is …
USDA Finds Safety Issues at Top Research Site After Whistleblower Complaints
The U.S. Department of Agriculture found significant safety issues at its top research facility in an investigation of 2023 whistleblower complaints about the state of the site, the Office of Special Counsel said in a letter sent to the White …
Markets/Coverages: Marsh Launches European Cyber Facility for Mid-Sized Enterprises
Marsh, insurance brokerage business of Marsh McLennan, announced the launch of Cyber Unity, a new insurance facility for organizations across the European Union, as well as in Israel, Norway, Serbia, and Turkey, with revenues up to €500 million (US$581.2 million). …
USC Basketball Star Alijah Arenas Recounts Tesla Cybertruck Crash
Star college basketball recruit Alijah Arenas spoke publicly for the first time about the Tesla Cybertruck crash that left him in an induced coma, casting fresh attention on safety issues with the EV maker’s newest model. The University of Southern …
Judge Says California FAIR Plan Violating Law, Industry Also Fighting Consumer Group Suit
A judge ruled that the California FAIR Plan’s smoke-damage policy violates state law, while in another matter a lawsuit from a consumer group is drawing concern from insurers that it could push the California insurance market closer to collapse. On …
A Shrinking FEMA Puts Lake Town’s Rebuilding Plans in Limbo
LAKE LURE, North Carolina, June 17 (Reuters) – When Hurricane Helene’s flood waters slammed into Lake Lure’s century-old dam last September, gouging a massive scar into one embankment and cascading five months’ worth of rain down its sides, town commissioner …
Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report
Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …
Illinois Chiropractor Sentenced to 20 Months in Prison for Insurance Fraud
An Illinois chiropractor was sentenced to 20 months in prison and ordered to repay more than $2.3 million, following convictions on multiple charges related to a scheme to defraud Medicare and twelve other insurance companies, the U.S. Attorney’s Office, Central …
Inszone Acquires Texas’ Osterts and Associates
Inszone Insurance Services announced its acquisition of Osterts and Associates, LLC, a insurance agency based in Plano, Texas. This acquisition grows Inszone’s capabilities and further expands its presence in Texas, allowing the company to further provide exceptional insurance solutions and …
Viewpoint: Cyber Is a Product for Everyone, so Let’s Start Acting Like it
If this latest wave of retail cyberattacks proves anything, it’s that any business in any sector and of any size can find itself breached. These aren’t fringe incidents anymore; they’re national news, hitting high-street brands and sending disruptive shockwaves through …