INSURANCE NEWS
Parents of Student Disciplined for Using AI Sue School
The parents of a high school senior in Massachusetts argued in federal court in Boston on Tuesday that their son was unfairly punished for using artificial intelligence while researching a history project, harming his prospects for acceptance to an elite …
McDonald’s Sued by Colorado Man Sickened in E. Coli Outbreak
A Colorado man has filed what appears to be the first lawsuit against McDonald’s over an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others. The lawsuit, filed in Circuit Court …
PCF Insurance to Rebrand as Trucordia With New Growth Strategy
Until now, PCF Insurance Services was focused on size and scale, with independently operated offices that may not have known the PCF brand. That’s all about to change. PCF Insurance will now be known as Trucordia, marking a shift toward …
People Moves: Grant joins Alliant Midwest Team as SVP
Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most recently serving as …
Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premiums,” found that the average flood insurance …
People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany
This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA Liberty Specialty Markets …
Feds Issue Ultimatum to Louisiana on $3 Billion Coastal Restoration Project
NEW ORLEANS, La. (AP) — Federal officials want to know if Louisiana remains committed to a nearly $3 billion planned coastal restoration project that litigation has stalled. Federal officials warned in a Friday letter to the head of Louisiana’s Coastal …
Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to Small Island Developing States (SIDS) in the Pacific. in partnership with the …
How a US judge Injected Culture Wars Into Boeing 737 MAX Plea Deal
A Texas federal judge with a record of ruling in favor of conservative causes injected uncertainty into Boeing’s agreement to plead guilty over two fatal 737 MAX plane crashes, seizing upon a single sentence in the deal about the U.S. …
Iranian Hacker Group Focuses on US Election Websites, Media, Microsoft says
An Iranian hacking group is actively scouting U.S. election-related websites and American media outlets as election day nears, according to a Microsoft blog published on Wednesday. Researchers say the activity suggests “preparations for more direct influence operations.” The hackers – …
Former Ga. Insurance Commissioner, Now in Prison, Surrenders Law License
ATLANTA (AP) — Former Georgia Insurance Commissioner John Oxendine, now in federal prison, has surrendered his law license after pleading guilty to conspiracy to commit health care fraud. The Georgia Supreme Court, in a brief decision on Tuesday, accepted Oxendine’s …
Grieving Families Say Georgia Island Dock Collapse Tragedy Was Preventable
JACKSONVILLE, Fla. (AP) — Regina Brinson heard a crack before the metal walkway gave way beneath her feet, plunging her into the water beneath the state-operated ferry dock on Georgia’s Sapelo Island. As strong currents swept her and others who …