INSURANCE NEWS
Tornadoes Touch Down Across US, Killing toddler in Michigan and Injuring 5 in Maryland
LIVONIA, Mich. (AP) — A tornado killed a 2-year-old boy and injured his mother Wednesday when a tree fell on their house in suburban Detroit, while emergency workers in Maryland were responding to reports of collapsed structures with people trapped …
Green Bay Packers’ Jordan Love Named American Family Insurance Brand Ambassador
American Family Insurance announced today Jordan Love, Green Bay Packers quarterback, has signed on as the company’s newest brand ambassador. Jordan becomes the latest addition to this group of fearless dreamers, who will continue the company’s strategy of promoting and …
ALKEME Acquires Louisiana’s Hardwick Insurance
ALKEME, announced the acquisition of Hardwick Insurance, a commercial and personal specialist located in Lafayette, Louisiana. This strategic acquisition marks ALKEME’s expansion in the Southern United States and enhances its portfolio with Hardwick’s specialized expertise in commercial and personal insurance, …
US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia
The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, according to a source …
Iowa to Pay $3.5M to Family of Student Who Drowned in Rowing Accident
DES MOINES, Iowa (AP) — Iowa officials agreed Tuesday to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The …
Wisconsin Manufacturer Faces $177K After Worker Fatally Struck
Federal investigators have concluded that an Appleton, Wisconsin pallet manufacturer’s failure to train employees in machine safety procedures — and ensure the procedures were followed — contributed to the fatal injuries suffered by a 57-year-old employee struck by the carriage …
Rise in Texas Crop Insurance Payouts Driven by Drought
The financial costs of drought in Texas have risen rapidly over recent decades, according to a new analysis of federal crop insurance data. The nonprofit Environmental Working Group, a longtime critic of the federal crop insurance program based in Washington, …
Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA
USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ top claim drivers based on …
Maui Council to Study Impacts of Eliminating 7,000 Vacation Rentals
Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and …
Brazilian Butt Lift Clinics Must Now Carry Liability Insurance Under New Florida Law
Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1561, …
People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty
This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global Markets Chubb announced that David Kirk has been appointed division …
Rhode Island Bars Auto Insurers From Hiking Rates on Widows and Widowers
A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates beginning …