INSURANCE NEWS
WV Volunteer Fire Official Pleads to Insurance Fraud After Burning Down His Home
A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain. Donald A. Ennis, 43, of St. Albans, …
Scrap Metal Dealer Pleads Guilty in Multistate Catalytic Converter Theft Conspiracy
A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy. According to court documents, Theodore Nicholas Papouloglou, 45, used his business, DG …
Acquitted Yale Student Sues Women’s Groups for Calling Him a Rapist
An expelled Yale University student who was acquitted of sex assault charges in 2018 is now suing 15 women’s advocacy groups and an attorney for defamation after being called a “rapist” in a court brief that they filed in a …
Frequency of Deadly Hurricanes Has Jumped 300%
New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer. The new report analyzes data within the U.S. via its Hurricane Rainfall …
Hiscox Confirms Chairman Bloomer Died on Sinking of Yacht Off Coast of Sicily
Hiscox Ltd. issued a statement confirming that the insurer’s chair, Jonathan Bloomer, and Bloomer’s wife, Judy, died in the tragic sinking of the Bayesian off the coast of Sicily on Monday, Aug. 19. “We are deeply shocked and saddened by …
Is Heat Causing Branches to Fall Off Trees? Scientists Aren’t Sure
In 2003, as Paris sweltered through a heat wave that would go on to kill an estimated 15,000 people across France, one oasis of cooler air remained off limits: the city’s roughly 400 public parks. They were temporarily closed due …
AM Best Revises Outlook for Missouri Farm Bureau Group
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of Farm Bureau Town and Country Insurance Company of …
Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments
New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT …
U.S. Transport Safety Board Opens Investigation Into Tesla Crash in California
The U.S. National Transportation Safety Board has opened an investigation into a crash and fire involving a Tesla electric semi-truck on a California highway, the agency said late Wednesday. The NTSB will carry out the safety investigation along with the …
Crew Evacuated From Houthi-Stricken Oil Tanker in Red Sea
The crew of a ship that suffered several attacks in the Red Sea has been evacuated with naval support. Delta Tankers, which operates the Sounion, said Thursday that plans are now in place to move the vessel to a safer …
Propane Blast Levels Pennsylvania Home, Kills Woman and Injures Man
An explosion that leveled a home in northeastern Pennsylvania, killing a woman and leaving a man seriously injured, was apparently caused by a propane leak, state police said. The blast in Jefferson Township, near Scranton, was reported around 2 p.m. …
Why the Canadian Freight Rail Halt Will Roil North American Supply Chains
Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an unprecedented simultaneous work stoppage that will grind almost all railway freight movement in the country to a halt. HOW INTEGRATED …