INSURANCE NEWS
Hawaii’s Kilauea Again Spewing Lava in Its 10th Episode
Kilauea volcano began shooting lava into the air once again on the Big Island of Hawaii. Kilauea, one of the world’s most active volcanoes, has been erupting on and off for nearly two months since it burst to life on …
AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss
The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. A report from industry rating agency AM Best this week said U.S. P/C insurers posted an underwriting loss …
Birkenstock Sandals Are Pieces of Design and Not Protected by Copyright: German Court
Birkenstock sandals, which have evolved from a symbol of counterculture to a trendy fashion item, do not qualify as art and are therefore not protected by copyright, Germany’s highest civil court ruled on Thursday. The Federal Court of Justice dismissed …
People Moves: Price Forbes Rebrands Turkey Operations, Making 3 Key Appointments
Price Forbes, the London-based broker, has announced three key appointments in Turkey and a rebranding of its local business. Gökçen Süer has been named chairman & CEO of Price Forbes Turkey while Ali Arısoy was appointed chief broking officer and …
Georgia Commissioner Proposes New Rules on Lithium Batteries, Mobile Homes
The Georgia Office of insurance commissioner will hold a hearing March 20 on new rules regarding fire safety, including the storage of lithium-ion batteries, as well as new permitting rules for mobile homes. The first set of rules would bring …
Tesla Recalls 380,000 Vehicles Over Power Steering Assist Issue
Tesla said on Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could increase steering effort, particularly at low speeds, potentially raising the risk of a crash. The recall follows …
Chilean Men Charged With Burglarizing Homes of Mahomes, Burrow, Other Players
ST. PETERSBURG, Fla. (AP) — Seven men from Chile have been charged in Florida federal court with orchestrating burglaries at the homes of prominent professional athletes around the country, according to a criminal complaint. The FBI complaint doesn’t name the …
Woman Sues Georgia Fertility Clinic, Saying She Gave Birth to Another Woman’s Baby
SAVANNAH, Ga. (AP) — Krystena Murray became pregnant after undergoing in vitro fertilization two years ago, and said she was unaware until she gave birth that the fertility clinic had made a fateful mistake. In December 2023, Murray delivered a …
Intel Resolves Antisemitism Lawsuit, Case Is Dismissed
A Jewish former employee of Intel has resolved his lawsuit accusing the chipmaker of firing him after he complained about an openly antisemitic supervisor, the former employee’s lawyer said on Thursday. Lawyers for Intel and the anonymous plaintiff John Doe, …
People Moves: Chesapeake Employers’ Insurance Names Swartz Chief Growth Officer
Chesapeake Employers’ Insurance Company, headquartered in Towson, Maryland, named Jodi M. Swartz as the company’s senior vice president and chief growth officer. Swartz has more than 20 years of C-suite and leadership experience, most recently serving as senior vice president, …
Sweden Investigates Possible New Breach of Baltic Sea Cable
Sweden is investigating a possible breach of an undersea cable off the country’s southwestern coast in the Baltic Sea, the coastguard said on Friday, in an area where multiple seabed cables have been damaged in recent months. The Baltic Sea …
Pro-Russian Hackers Attack Italian Websites After President’s Comments About Ukraine
A pro-Russian hacker group attacked Italian government websites on Tuesday [Feb. 18] in what it said was a reaction to a speech by Italian President Sergio Mattarella that compared Russia’s invasion of Ukraine to the Nazis ‘ “wars of conquest.” …