INSURANCE NEWS
Pilot’s Lack of Oxygen Cited as Likely Factor in 2023 Private Jet Crash in Virginia
A lack of oxygen that incapacitated the pilot and three passengers is likely what caused a private jet to become unresponsive before flying over the nation’s capital and prompting the military to scramble fighter jets in 2023, according to a …
People Moves: Zurich NA Promotes Fox to Lead National Accounts, Caminiti CUO
Zurich North America announced key leadership changes within U.S. national accounts and underwriting as Heather Fox has been promoted to lead national accounts and Peter Caminiti was promoted to chief underwriting officer. Fox was most recently chief underwriting officer for …
FEMA Chief Says Agency Will Raise State Burden for Disasters to 50%
David Richardson, the new head of the Federal Emergency Management Agency, said on Thursday that states would in the future bear half the costs for responding to natural disasters, up from 25% under current cost-sharing levels. Richardson, who took the …
Tesla’s Robotaxi Launch in Texas Faces Scrutiny Over Potential Accident Risks
Federal safety regulators have asked Elon Musk’s car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robotaxi” launch that is key to keeping its stock …
US House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power
Rep. Scott Fitzgerald today reintroduced a bill to eliminate the subpoena power of the Federal Insurance Office (FIO). The Insurance Data Protection Act was first presented by Fitzgerald, R-Wis., to the U.S. House of Representatives in September 2023. “FIO’s recent …
Sweltering Heat Wave Hits U.S. from Dakotas to Texas
Sweltering heat more commonly seen in the throes of summer than in the spring was making an unwelcome visit this week to a large portion of the U.S. – from the Dakotas to Texas and other parts of the South …
Coterie Relocating Headquarters to Appleton, Wisconsin
Coterie, a small business MGA, announced it is relocating its headquarters from Cincinnati to Appleton, Wisconsin. Coterie said relocating the company’s headquarters to Appleton provides a reduction in operational costs and improved efficiencies. Coterie said it will realize an immediate …
Three Killed in Fiery Truck-Car Pileup on Georgia Interstate
CALHOUN, Ga. (AP) — Three people were killed and two others injured in a fiery wreck involving multiple vehicles and semi-trailers on the interstate that connects Atlanta to Chattanooga, Tennessee, authorities said. The crash closed all of the southbound lanes …
Brett Favre’s Defamation Suit Against State Auditor Can Move Forward, Court Says
JACKSON, Miss. (AP) — A defamation lawsuit filed by retired NFL quarterback Brett Favre against Mississippi Auditor Shad White for his comments on a welfare scandal will move forward after Mississippi’s Supreme Court on Thursday denied White’s appeal to dismiss …
People Moves: Advocus Names Moore SVP of Illinois Operations
Advocus National Title Insurance Company, headquartered in Chicago, Illinois, named Mike Moore senior vice president of Illinois operations. Moore has been part of Advocus (formerly ATG) for over 30 years, and most recently served as vice president of special markets, …
People Moves: CRC Names New Underwriting Leaders and Senior VP
Birmingham-based CRC Group, a wholesale and specialty insurance broker, announced new hires in underwriting and company leadership. JV Franks, with some 25 years in the insurance brokerage business, was named underwriting team leader, based in New Orleans. Prior to joining …
People Moves: AIG Taps Colombo From Swiss Re as CEO, Latin America and Caribbean; Willis Names Former Allianz Exec Vosloh as Head of Cyber for EMEA
This edition of International People Moves details appointments at American International Group and Willis. A summary of these new hires follows here. AIG Taps Colombo From Swiss Re as CEO, Latin America and Caribbean American International Group (AIG) announced that …