INSURANCE NEWS
Uber Warns NYC Response to Insolvent Taxi Insurer Exposes Drivers
Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets unable to insure their vehicles. Uber …
Michigan DIFS Urges Residents to Review Policies Amid Winter Risks
The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of …
Women Drop Groping Lawsuit Against Indiana Attorney General
INDIANAPOLIS (AP) — Four women who accused Curtis Hill of drunkenly groping them at a bar when he was Indiana’s attorney general dropped their civil lawsuit against him hours before jury selection was set to begin on Monday. The women …
Datamaran Announces Deal With Deloitte to Use ESG Software
Datamaran, a provider of sustainability-related software, announced a collaboration with Deloitte in three European markets to provide companies with ways to better assess their environmental and social impacts and risks. In the agreement, Deloitte will use Datamaran’s double-materiality analysis software …
Inszone Acquires Commercial Insurance of Texas
Inszone Insurance Services announced the acquisition Commercial Insurance of Texas Agency Services, a specialized agency based in Texas. This strategic acquisition strengthens Inszone’s presence in Texas and significantly expands its expertise in the automotive, heavy truck aftermarket and equipment dealers’ …
Deadly Air Show Crash in Texas Caused by Lack of Proper Planning: NTSB
WASHINGTON (AP) — The deadly crash of two vintage military planes at a 2022 air show in Texas was caused by a lack of proper planning to keep aircraft separated and relying instead on a “see-and-avoid strategy” by pilots, federal …
US Supreme Court Tosses Case Involving Securities Fraud Suit Against Nvidia
The U.S. Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how much of its sales depended on the volatile cryptocurrency …
Florida Set to Produce the Fewest Oranges Since 1930 After Storm
Florida’s orange production for the current season is forecast at 12 million boxes, the lowest since 1930, after a hurricane this fall accelerated an unrelenting industry downturn. That’s down three million boxes from an October forecast, and about 33% lower …
Court Nixes Workers’ Compensation Benefits for Intoxicated UPS Driver
A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Accident Board (IAB) ruling that Timothy …
US Commercial Lines Prices Up About 6% Again: WTW CLIPS
Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024. Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its Commercial Lines Insurance Pricing …
With 13 New Members, SC Senate Could Tackle Joint Liability, Liquor Insurance
COLUMBIA, S.C. (AP) — With the largest number of newly elected members at least since World War II, Republican South Carolina Senate leaders are thinking about tackling some issues like tax reform and liquor liability insurance that have long been …
Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance
Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became a client of Envelop’s new Solutions Business with …