INSURANCE NEWS
Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative
BISMARCK, N.D. (AP) — A North Dakota ballot initiative group can gather signatures to put a proposal legalizing recreational marijuana to a statewide vote in the fall, the state’s top election official said last Thursday, in the latest legalization effort …
Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit
CHICAGO (AP) — The family of a Chicago man killed when plainclothes police officers fired their guns nearly 100 times during a traffic stop filed a wrongful death lawsuit last week, accusing the department of “brutally violent” policing tactics. The …
UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk
The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years. Nationwide Building Society uses mapping technology to identify which …
London Firms Are Letting More Staff Work Entirely From Home
London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living costs. The proportion of white-collar jobs …
Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea
Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea on Friday, authorities said. The attack follows an uptick in assaults launched by the Houthis in recent days after a …
Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles
Progressive Insurance isn’t just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in late April. “Progressive Insurance Continued Growth Leads to More Than …
US to Require New Cars to Have Emergency Braking Systems by 2029
Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save …
Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, but local prosecutors still want them to bump up their offer. The proposal, the Brazilian …
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster
Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust company executives who previously helmed now-insolvent carriers. Some have called the unprecedented regulatory action unfair, misguided and impossible to substantiate, …
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable
A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures that were meant to …
People Moves: Smith Joins Alliant as Specialty Lending Practice EVP; Braniff, Jr. Named EVP, Alliant Americas
Smith Joins Alliant Insurance Services as Specialty Lending Practice EVP Alliant Insurance Services, headquartered in Irvine, California, named Michael R. Smith as executive vice president, Alliant Specialty, in the firm’s Financial Institutions industry vertical. Smith is based in Dallas. Smith …
Minneapolis to Pay $150K Settlement to Witness in George Floyd Murder
MINNEAPOLIS (AP) — The Minneapolis City Council has agreed to pay a $150,000 settlement to an eyewitness who tried to intervene to prevent George Floyd’s murder and who says he suffers from post-traumatic stress disorder as a result. Donald Williams, …