INSURANCE NEWS
Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC
A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners insurance data before it may be too late. The nationwide data was collected by the National Association of Insurance Commissioners …
NTSB: Turbulence Hit Hawaiian Air Flight Due to Decision to Fly Over Storm Cell
A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instead of deviating around it was the probable cause for hitting severe turbulence that injured passengers and crewmembers in 2022, the National Transportation Safety Board said in …
Lawsuit Challenges Law Shielding Doctors Prescribing Abortion Pills Via Telemedicine
Texas has sued a New York doctor for prescribing abortion pills to a woman near Dallas, launching one of the first challenges in the U.S. to shield laws that Democrat-controlled states passed to protect physicians after Roe v. Wade was …
Oregon Lawmakers OK $218M in Emergency Wildfire Funding
Oregon lawmakers approved $218 million in emergency wildfire funds during special session that was convened to address unpaid bills stemming from the state’s 2024 record wildfire season. As wildfires still rage in California, Oregon is among several states grappling with …
Walmart’s DEI Compromise Holds Lessons for Corporate America
“Robby Starbuck has viewed your profile.” The LinkedIn alerts for Walmart Inc. executives started appearing on Nov. 18, offering an early signal that the anti-DEI campaigner was setting his sights on the biggest US private employer. Just a week later, …
Woody Allen’s Personal Chef Sues Over Firing
Woody Allen ‘s former personal chef claims in a lawsuit that the filmmaker and his wife fired him because of his service in the U.S. Army Reserves and questions about his pay, then “rubbed salt on the wounds” by saying …
Cyber Attack Shuts Down Rhode Island’s Social Services Portal
The state of Rhode Island is dealing with a cyber attack that has shut down a portal citizens use to access health insurance and other social services. Governor Dan McKee said that on Friday, December 13, the state was informed …
House Committee Says It Finds Evidence of ‘Climate Cartel’
The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies. An interim report published by the Republican-led committee said “a cartel” of financial firms and …
Ruling on Field Stands: Philadelphia Eagles Denied Covid-19 Insurance Claim
The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …
International, Domestic Insurers Push Into Catastrophe-Hit US Property Markets
International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. Rising losses from storms, hurricanes and wildfires in recent years have caused some insurers, …
People Moves: MMG’s McHatten Elected Chair of Insurance Information Institute
Matt McHatten, president and chief executive officer at MMG Insurance, is the new chair of the Insurance Information Institute’s (Triple-I) Executive Leadership Committee (ELC). McHatten succeeds Jennifer Kyung, CEO and founder of NextGen Underwriting and former P&C chief underwriting officer …
People Moves: Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team; Arch Insurance Taps Laazaouzi From CNA Hardy as Senior Casualty U/W in France
This edition of International People Moves details appointments at the re/insurance MGA Rokstone and Arch Insurance. A summary of these new hires follows here. Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team Rokstone, the London-based speciality re/insurance …