INSURANCE NEWS
Rapper Drake Has Lawsuits Dismissed Over Deadly Astroworld Concert
HOUSTON (AP) — Hip-hop artist Drake has been dismissed from a lawsuit over the deadly 2021 Astroworld festival in Houston in which 10 people were killed, a judge has ruled. Drake was a special guest of rap superstar Travis Scott, …
Texas Among States Facing New Fire Risks: Weather Watch
More than 2.5 million people in the US face critical fire weather conditions on Monday as dry winds sweep parts of New Mexico, Colorado, Kansas, Oklahoma and Texas, which had the largest fire in the state’s history earlier this year. …
Georgia Bill Requiring Boat Livery Insurance Waiting on Governor’s Signature
Boat operators, not properly insured boat rental places, will soon be held liable for injuries or damages caused by negligent operation of water craft if Georgia Gov. Brian Kemp signs a bill into law. House Bill 994 was approved by …
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US
Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation’s biggest increases in real estate wealth as markets in the Sunshine State supplant those in California and New York at the top. In …
Co-Conspirator Sentenced for Damage, Unauthorized Access to Health System
A Rutland, Massachusetts man was sentenced in federal court in Worcester to conspiring to access a computer system of his former employer – a non-profit substance use and mental health treatment provider that operates recovery centers throughout Massachusetts. Nathan Howe …
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers
A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance companies. The president of Demotech, the firm …
People Moves: Aon’s Re Solutions Promotes Sapra as CEO, India; BHSI Names du Ché as France Country Mgr; AXIS Canada Launches EIL Unit, Led by Liberty Mutual’s Nagata
This edition of International People Moves details appointments at Aon, Berkshire Hathaway Specialty Insurance (BHSI) and AXIS Capital Holdings. A summary of these new hires follows here. Aon Promotes Sapra as CEO of Reinsurance Solutions in India Insurance broker Aon …
Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption Coverage
Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial Director Rich Coyle said his firm created Flood BI because many businesses and public …
Baltimore Hires Law Firms to Pursue Claims Against ‘All Entities’ in Key Bridge Tragedy
Baltimore Mayor Brandon M. Scott announced that the city is taking legal steps to address the impact the Key Bridge collapse has had on the city of Baltimore and its residents, including the families of the victims, business owners, and …
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback
The family of an elderly JPMorgan Chase & Co. client who lost tens of millions of dollars on investments as he slid into dementia faces a major setback in their years-long legal battle with the bank, after a magistrate judge …
Howden Ireland Acquires Curran Connolly & Co. (Drogheda) Ltd.
Howden, the London-based insurance intermediary group, announced it has acquired Curran Connolly & Co. (Drogheda) Ltd., the commercial and personal lines insurance broker based in County Louth, Ireland. Financial details of the transaction were not disclosed. This transaction follows Howden’s …
Uber Boosts Safety Features Aimed at Women Passengers
Uber Technologies said on Wednesday that it is boosting its safety features for passengers around the world, as it looks to minimize risk and ensure security for women at night. The features allow passengers during a ride to select up …