INSURANCE NEWS

Trump Names David Sacks as White House AI and Crypto Czar

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will …
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Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line

Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a deal that would create the UK’s largest motor insurer. London-listed Aviva sweetened its bid in the latest negotiations with Direct …
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‘Large Number’ of Americans’ Metadata Stolen by Chinese Hackers, Says Official

A large number of Americans’ metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed “Salt Typhoon,” a senior U.S. official told journalists on Wednesday. The official declined to provide specific figures but …
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Viewpoint: What’s on Tap for Insurance Digital Marketing in 2025?

Historically, insurance has had a reputation as an industry slow to embrace change. However, it’s safe to say that technology and customer expectations are leaving insurers with no choice but to adapt. Individuals and businesses are changing how they buy …
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Boeing Plea Deal Over Fatal 737 Crashes Rejected by Judge

A federal judge rejected Boeing Co.’s plea deal that sought to let the planemaker avoid criminal prosecution over to two fatal 737 Max crashes, in a surprise twist that threatens to prolong the company’s recovery from past scandals. US District …
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Don’t Touch Fla. Reforms, Panelists Implore, but Maybe Tax Breaks for Elevated Homes

Regulators, insurance companies and attorneys at the Florida Chamber of Commerce Annual Insurance Summit this week sent a clear message to lawmakers about tinkering with Florida’s property insurance law, two years after major legislative reforms were adopted: “Don’t touch it. …
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Massachusetts Cites Burger King, Settles With Popeyes Over Labor Law Charges

Massachusetts Attorney General Andrea Joy Campbell has issued citations against Northeast Foods LLC, a company which operates Burger King franchise locations across Massachusetts, for allegedly violating various state employment laws, including child labor laws. The citations, totaling approximately $2,029,754, include …
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Former State Employee Pleads Guilty to Insurance Fraud and Felony Theft

A former state employee in Maryland has pleaded guilty in separate cases involving insurance fraud and felony theft. According to Maryland Attorney General Anthony G. Brown, the charges against Shanell Angelia West, of Essex, Maryland, stemmed from her actions during …
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Summit Expands Workers’ Comp Coverage to Illinois

Summit, a regional provider of workers’ compensation insurance services, announced the expansion of its coverage into Illinois. Summit-managed carriers, Bridgefield Casualty Insurance Company®, Bridgefield Employers Insurance Company® and Bridgefield Indemnity Insurance Company℠ have received regulatory approval from the Illinois Department …
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Strong Northern California Quake Triggered Brief Tsunami Warning

A magnitude-7.0 earthquake off the coast of Northern California triggered a brief tsunami warning across a swath of the U.S. West Coast. The tsunami threat was declared over less than an hour later even as the area experienced multiple aftershocks. …
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Maryland to Require Security Guard Licensing, Proof of Insurance

Starting January 1, 2025, Maryland will begin requiring businesses employing security guards or in-house loss prevention personnel to meet new licensing and certification requirements and provide proof of insurance. According to the legislation (Senate Bill 760 (2023), any business or …
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Bullets in UnitedHealthcare CEO Death Inscribed With ‘Depose,’ ‘Delay’

The words “delay” and “depose” were written on a shell casing and a live round recovered in front of the New York Hilton Midtown, where UnitedHealth Group Inc. insurance chief Brian Thompson was fatally shot on Wednesday, according to people …
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