INSURANCE NEWS
A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts
Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories …
India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data
Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. Star has received a temporary …
Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role
Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To …
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as …
Investigators Arrest Suspect From Washington Insurance Commissioner’s Most Wanted List
An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King County Prosecutor’s Office …
Passenger Killed When Horse Smashed Through Windshield on California Highway
The passenger in a car was killed when a horse smashed through the windshield during a series of crashes on a Southern California interstate, authorities said. The first collision occurred about 2 a.m. Sunday when a Toyota Tacoma towing a …
Snowmobiler Who Crashed Into Black Hawk Helicopter on Path Awarded $3 Million
The federal government was mostly responsible for a nighttime collision involving a snowmobiler who nearly died after hitting a Black Hawk helicopter that was parked on a Massachusetts trail, a judge ruled in awarding him $3.3 million in damages. U.S. …
Cease and Desist Order Issued Against Iowa Contractor
The Iowa Insurance Division has issued a cease-and-desist orderagainst William Campbell and All or Nothing LLC, a Clive, Iowa limited liability company doing business as All or Nothing Roofing and Construction. The order claims that Campbell and his company have …
Oklahoma Supreme Court Denies Rehearing for Survivors of Tulsa Race Massacre Lawsuit
OKLAHOMA CITY (AP) — The Oklahoma Supreme Court has rejected a request to reconsider its ruling to dismiss a lawsuit filed by the last two known living survivors of the 1921 Tulsa Race Massacre. Without comment, seven members of the …
Judge Denies Texas Attorney General’s Attempt to Halt Gun Ban at State Fair
DALLAS (AP) — A judge last week denied a effort by Texas Attorney General Ken Paxton to halt the recently announced ban on guns at the State Fair of Texas. Dallas County District Judge Emily Tobolowsky denied the state’s request …
3 Tufts Lacrosse Players Remain Hospitalized With Rare Muscle Injury
Three Tufts University men’s lacrosse players remained hospitalized with a rare muscle injury Monday after participating in a voluntary, supervised 45-minute workout earlier this month, according to a university spokesperson. The players became ill in the days following a Sept. …
People Moves: Greggains Joins Irwin Siegel as President; Plymouth Rock Appoints Fornari
Irwin Siegel Agency (ISA), headquartered in Rock Hill, New York, named Nick Greggains as president. ISA is a managing general underwriter and part of Ryan Specialty Underwriting Managers. Greggains is involved in finalizing the launch of ISA’s excess and surplus …