INSURANCE NEWS
NAIC, Legislators Push to Abolish the Federal Insurance Office
Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the U.S. Treasury’s Federal Insurance Office. This comes on the heels of legislation, the Federal Insurance Office Elimination Act, introduced in January …
People Moves: Trucordia Names Davidson SVP of Insurance Broking and Strategy
Trucordia, headquartered in Lindon, Utah, named Aaron Davidson senior vice president, broking and strategy. Davidson joins Trucordia from Peak 8 Advisors, where he was a managing partner. Earlier in his career, Davidson served as chief executive officer and president of …
Washington, Nevada and Oregon Saw Biggest U.S. Vehicle Theft Drops in 2024
Washington, Nevada and Oregon had the biggest percentage drops in vehicle thefts in the U.S. in 2024, according to a new report that shows vehicle thefts nationally fell by 17% in 2024 from a year earlier, marking the largest annual …
22-Year-Old Charged with Arson in Connection to Indianapolis Home Fire
The Marion, County Indiana Prosecutor’s Office filed arson charges with Intent to fraud against 22 year-old Gurpreet Singh, the Indianapolis Fire Department announced this week. On April 22nd, 2024, the Indianapolis Fire Department was dispatched at 11:16 PM to a …
Michigan DIFS Urges Residents to Review Insurance Policies
The Michigan Department of Insurance and Financial Services (DIFS) is encouraging Michiganders to carefully review and understand their existing insurance policies with a licensed insurance agent or trusted advisor, and to shop around to ensure the best coverage to protect …
Texas Court Upholds $300K Settlement Against SkyWest Airlines
A federal judge in Texas has denied SkyWest Airlines, Inc.’s bid for a new trial and upheld an order that SkyWest pay a former parts clerk $300,000 in damages, the the U.S. Equal Employment Opportunity Commission (EEOC) announced. The EEOC …
SEC to Focus on Traditional Cases Under New Leadership, Acting Director Says
The U.S. Securities and Exchange Commission will likely focus on more traditional cases under incoming leadership, including those involving individual wrongdoing and fraud targeting elders, the agency’s acting enforcement director said on Monday. The SEC has pioneered novel enforcement theories …
People Moves: Everest Group’s Chair Taranto to Retire, Succeeded by Graf; VIG Re Taps RenRe’s Haushofer, Promotes Faucret to Build International, European Footprints
This edition of International People Moves details appointments at Everest Group and VIG Re. A summary of these hires follows here. Everest Group’s Chairman Taranto to Retire, Succeeded by Graf Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, …
Monsanto’s Bayer to Pay Nearly $2.1 Billion in Roundup Weed Killer Lawsuit
A jury in Georgia has ordered Monsanto parent Bayer to pay nearly $2.1 billion in damages to a man who says the company’s Roundup weed killer caused his cancer, according to attorneys representing the plaintiff. The verdict marks the latest …
LA Municipal Utility Says No Evidence Energized Power Line Caused Fire
A Los Angeles Department of Water and Power (LADWP) above-ground power line near the Pacific Palisades was energized when the Palisades Fire began early this year, but that there is no evidence that the line contributed to the blaze, the …
North Carolina Celebrates 15,000 Fortified Roofs from Grant Programs
The North Carolina Insurance Underwriting Association this week marked the 15,000th fortified roof in the state, a huge increase since the grant program began in 2017. “I applaud the NCIUA for investing over $100 million in this incredibly successful and …
Baltimore a Year After Key Bridge Collapse
BALTIMORE – When Bobby LaPin was a young boy, his grandfather took him on his rickety boat to fish for bass and trout in the Patapsco River. Their route took them under the Francis Scott Key Bridge, where LaPin listened …