INSURANCE NEWS
Target Is Selling THC Beverages in Minnesota Test Run
Target Corp. is testing the sale of hemp-derived THC beverages at a handful of locations, marking an important milestone for an industry that’s largely been shut out of national chains. THC beverage makers initially confirmed the move. The chief executive …
Texas Residents to Vote on $20B Package to Secure State’s Water Supply
LONGVIEW — In this part of Texas, residents stock up on bottled water in between boil notices. It’s part of life in a place where water pipes are old, corroded and falling apart. In the High Plains, near Lubbock, farmers …
Michigan DIFS Reminds Consumers to Practice Cybersecurity Awareness
The Michigan Department of Insurance and Financial Services is using cybersecurity awareness month to remind residents to take proactive steps to protect themselves from scammers and cyberattacks. Some steps that consumers can take to protect themselves and their personal information …
Amazon Delivery Firms Are Bailing Amid Rising Costs, Meager Profit
In 2022, Jake Clay started an Amazon delivery firm in Odessa, Texas, after hearing about the company-sponsored program from a friend. He sank $75,000 into the business and earned more than $200,000 in the first year. An Air Force veteran, …
NHTSA Investigates Waymo Robotaxis Over Safety Around School Buses
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary probe into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around stopped school …
Alaska Storm Damage So Bad Many Evacuees Won’t Go Home for at Least 18 Months
Damage to remote Alaska villages hammered by flooding last weekend is so extreme that many of the more than 2,000 people displaced won’t be able to return to their homes for at least 18 months, Gov. Mike Dunleavy said in …
Progressive Records $2.6B in Q3 Income After Refunds for Excess Profits in Florida
Progressive posted $2.6 billion in third-quarter net income last week in spite of taking a nearly $1 billion charge to account for excess profits the carrier will have to return to Florida auto insurance policyholders. “Despite actions to lower rates …
People Moves: Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires; AXA Announces Key Leadership Appointments
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and AXA. A summary of these new hires follows here. Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires Liberty Mutual Reinsurance (LM …
Inflation, Supply Chains, Tariffs: Trends Impacting Business Insurance and Claims
Inflation has been a persistent issue in the United States, though it has moderated since its peak during the COVID-19 pandemic, while supply chain disruptions for equipment and other goods continue to add to insurance claim costs—and the financial impacts …
People Moves: Borys to Lead Howden US Financial Lines; Everest Appoints Vidovich General Counsel
Howden US Appoints Borys to Lead Financial Lines Practice Howden US appointed Ron Borys as head of its financial lines group in the U.S. Based in New York, Borys will be responsible for building out the practice and creating tailored …
Australia’s Weather Bureau Casts Doubt on Prospects for La Niña
Australia’s weather bureau is not convinced that a La Niña weather pattern is forming that could change rainfall patterns and bring wilder weather to parts of the Americas, Asia and Oceania, affecting crop production, a senior climatologist said. La Niña, …
Former WWE Boss McMahon Enters Pretrial Program in Reckless Driving Case
Former WWE CEO Vince McMahon has been allowed to enter a pretrial program to resolve a reckless driving charge stemming from a crash this summer in Connecticut. A state Superior Court judge ruled Thursday that McMahon could enter the program …