INSURANCE NEWS
Everest Launches Italian Insurance Business
Everest announced its expansion into the Italian market, following regulatory approval to operate in Italy, trading as Everest Insurance (Ireland) DAC, Succursale Italiana. Headquartered in Milan, the operations are currently led by José Ramón Morales, head of Southern Europe, Everest …
UBS Acquitted Over Credit Suisse Criminal Money Laundering Case
Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found guilty in the case. A., …
China State Media Warn Trump Against Mutually Destructive Tariff War
China’s state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world’s top two economies into a mutually destructive tariff war. Trump, who takes office on Jan. 20, …
Prince Harry’s Phone-Hacking Lawsuit Against Daily Mail to Go to Trial in 2026
Prince Harry and other high-profile British figures’ privacy lawsuits against the Daily Mail newspaper’s publisher will go to trial in early 2026, London’s High Court heard on Tuesday, with the parties’ legal costs set to exceed 38 million pounds ($47.8 …
CrowdStrike Falls After Disappointing Earnings Outlook
CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers around the world. Adjusted earnings will be 84 cents to 86 …
After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends
The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry. Of the 18 named storms, 11 were hurricanes and …
Truliant Insurance Acquires Atkins & Associates in Greenville, South Carolina
Truliant Federal Credit Union and its Truliant Insurance subsidiary has acquired Atkins & Associates Insurance Agency in Greenville, South Carolina, expanding the firm’s presence in the Southeast. Atkins has been in operation for 16 years. Tory Atkins is principal. Truliant …
Tennessee Sees Big Jump in Insurance Producer Licenses in Recent Years
Tennessee has seen a 25% jump in the number of insurance producer licenses in the past five years, an increase that regulators have attributed to a population boom in the state and easy access to producer exams. The state now …
Florida Appeals Court Nods Enforceability of Forum Selection Clauses in PIP Cases
Nearly every insurance policy has a forum selection clause and nearly every opposite party wants to avoid them at all costs in hopes of finding a more favorable venue. A new opinion from Florida’s 3rd District Court of Appeal, Open …
World Insurance Acquires New England’s NorthStar Insurance
National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. Terms of the transaction were not disclosed. NorthStar was founded in 1995 and is one of New England’s largest insurance …
New York High Court Upholds Uber Arbitration Mandate in Previously-Filed Injury Case
In a 5-2 decision, New York State’s high court this week upheld Uber’s “clickwrap” agreement requiring arbitration of all disputes in a case of a passenger who was injured by another vehicle after exiting an Uber car. The woman had …
Ohio Man Sentenced in $229K Insurance Fraud Scheme
An Ohio man was sentenced to five years in prison and ordered to pay restitution for filing 24 fraudulent claims with multiple insurance companies, totaling more than $229,000, the Ohio Department of Insurance announced. Justin Mack, a native of Buffalo, …