INSURANCE NEWS
Scam Calls Hit Record in Thailand Before Cyber Fraud Crackdown
Thailand saw the number of scam calls and text messages more than double to a record 168 million in 2024 from a year earlier, an anti-scam tech firm said, before authorities stepped up a crackdown on cyber fraud operations in …
Avalanches in West Claim More Lives, Including Weekend Death in Colorado
One person was killed in an avalanche in central Colorado on Saturday, marking just the latest fatality stemming from avalanches in the western U.S. this season. Authorities in Grand County responded Saturday to what they described as a skier-triggered avalanche …
FDA, CDC Investigating Multi-State Listeria Outbreak
The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said on Monday the agencies were investigating a multi-state outbreak of listeria infections linked to frozen supplemental shakes manufactured by Prairie Farms Dairy Inc. As of …
NYDFS Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies
Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers – for failing to timely report new and terminated auto insurance policies. …
Explosion at Beachside Hawaii Resort Injured 7 People, Scattered Debris
A suspected gas explosion in the grill area of a Hawaii beachside resort has injured seven people, including three in critical condition, according to hotel management and police on Maui. The explosion last week left a pile of debris at …
People Moves: Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics; Specialty MGA UK Hires 2 Energy Underwriters
This edition of International People Moves details appointments at Markel and Specialty MGA UK. A summary of these new hires follows here. Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics Markel, the insurance operation within Markel Group …
Google’s AI Previews Erode the Internet, Educational Tech Company Says in Lawsuit
Alphabet’s Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a U.S. educational technology company said in a lawsuit filed on Monday. Chegg, an online education company that …
DoorDash to Pay $16.8 Million in Back Pay to New York Couriers
DoorDash Inc., the biggest food-delivery firm in the US by market share, agreed to pay New York couriers $16.8 million in back pay to resolve a state investigation into its payment practices. DoorDash used customer tips to subsidize base pay …
Pennsylvania Shootout Highlights Rising Violence Against US Hospital Workers
A man who took hostages in a Pennsylvania hospital during a shooting that killed a police officer and wounded five other people highlights the rising violence against U.S. healthcare workers and the challenge of protecting them. Diogenes Archangel-Ortiz, 49, carried …
Business Continuity Plans Lacking Among SMBs: Nationwide Survey
Mid- and small-market businesses (SMBs) face a lot of the same big-picture challenges, but how they prioritize risk, spending, and solutions varies widely. According to Nationwide’s latest risk management survey, mid-market business owners are most concerned about economic and financial …
EU Mounts Major Retreat From ESG Agenda Amid Fierce Backlash
The European Union is about to walk back significant chunks of planned ESG regulations, amid a barrage of complaints that such rules are becoming a dead weight hampering EU efforts to compete with the US and Asia. The European Commission, …
Canada’s Axis Insurance Acquires Calgary-Based Fuse Insurance
Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Fuse Insurance, a Calgary-based, technology-driven commercial insurance brokerage. Founded in 2017, Fuse has built a strong reputation for managing complex risks in industries such as ecommerce, healthcare, …