INSURANCE NEWS
Thanks to AI, Industry will Soon See Big Jump in Parametric Insurance, Consultant Says
Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that coverage lends itself perfectly to data-driven A.I. …
J&J Talc Users Want Cancer Checks Even If It Cost Billions
Johnson & Johnson should be on the hook for potentially billions of dollars in medical fees for women who used its talc-based baby powders and want to monitor their future health over cancer fears, according to a lawsuit. Lawyers representing …
Jersey Shore Police, Pols Weigh Holding Parents Responsible for Kids’ Rowdy Behavior
Parents should be held civilly or criminally responsible for the actions of their children that create disturbances or damage in public places, a group of New Jersey police chiefs and Republican lawmakers said Wednesday during a forum held after a …
Investigators Say Tanker Spilled Gas in Crash That Destroyed I-95 Bridge in Philly
Gasoline spilled out from an unsecured hatch on the top of the gasoline delivery tanker that overturned and ignited beneath an Interstate 95 bridge in Philadelphia a year ago, according to new details from federal investigators. Video evidence obtained by …
People Moves: Hotchkiss Insurance Expands Partnership with Bailey, Fondren and Rivera
Hotchkiss Insurance, headquartered in Carrollton, Texas, is named of three new partners: Chris Bailey, Chase Fondren, and Dustin Rivera. Bailey has been an integral part of Hotchkiss for the past nine years, serving as a commercial insurance specialist. Before joining …
States Lose Challenge to Legal Protections for Workers Who Get Abortions
A federal judge in Arkansas has tossed out a legal challenge by 17 Republican-led states to a U.S. agency rule giving workers who had abortions the same legal protections as those who are pregnant or recently gave birth. U.S. District …
Severe Storms Caused $722M in Catastrophe Losses in May: Progressive
Progressive on Friday said severe storms mostly in Texas and the Midwest caused about $722 million in net catastrophe losses to the insurer. In its monthly announcement of financial results on Friday, the Mayfield Village, Ohio-based insurer said the storm …
Texan Whose Husband Died by Hot Tub Electrocution at Mexican Beach Resort Files Suit
MEXICO CITY (AP) — An American tourist was killed and his wife hospitalized after being electrocuted in a hot tub in a Mexican beach town earlier this week, an incident that prompted the family to sue the resort for wrongful …
Family of Bystander Killed in Minneapolis Police Chase Sues City
MINNEAPOLIS (AP) — The family of a bystander killed during a 2021 police chase in Minneapolis is suing the city and alleging that dangerous pursuits are more common in areas of the city with predominantly Black residents. Relatives of Leneal …
Illinois Contractor Faces $264K Fine for Exposing Workers to Deadly Fall Hazards
Federal workplace safety inspectors found an Illinois construction contractor — cited seven times since 2020 — again exposing employees doing framing work to the risk of deadly falls from elevation at two homes under construction in Hanover Park in December …
People Moves: WTW Hires Aon’s Graziano to Lead Casualty Strategy for CRB NA; Markel Names McGrath Head of Fine Art N.A.
WTW appoints Graziano as Casualty Strategy and Execution Leader for CRB NA WTW appointed Len Graziano as casualty strategy and execution leader within Corporate Risk and Broking, North America (CRB NA). Graziano joins WTW from Aon, where he led the …
Florida Officers Indicted for Shootout That Killed UPS Driver and Passerby
FORT LAUDERDALE, Fla. (AP) — Four Florida police officers have been indicted for manslaughter in connection with a 2019 shootout on a busy rush-hour street that left a hijacked UPS driver and a passerby in a nearby car dead. A …