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INSURANCE NEWS
Six Convicted in Louisiana Scheme to Obtain Commercial Driver’s Licenses
Six people have been convicted in a bribery scheme that enabled more than 100 people to fraudulently obtain commercial driver’s licenses, the U.S Attorney’s Office, Eastern District of Louisiana announced. Mahmoud Alhattab, a restaurant owner, led a scheme in which …
Drought-Stricken South Dakota Ranchers Faced With Drying Wells
Each morning this summer, Gordon and Connie Howie have awoken on their cattle ranch in central Pennington County and turned on the kitchen faucet, unsure if any water will come out. “We can’t do laundry or dishes or take showers …
AM Best Revises Outlook to Stable for Farm Bureau Property & Casualty Group
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance …
Register: AI Tools for FNOL & Digital Claims Intake ‘Demo Day’ on September 16
Insurance Journal’s Risky Future series is hosting the “AI Tools for FNOL & Digital Claims” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance claims leaders, including chief claims officers, innovation & transformation leaders, customer experience …
Rain Brings Needed Relief to North Texas Wildfires
Rain fell over and around the Ross Fire in North Texas on Thursday, a welcome reprieve to firefighters who have battled the flames for two weeks. The heavy rain, while brief, could dampen flames and embers and speed containment of …
Bayer Faces Pivotal Test of $7.25 Billion Roundup Settlement
Bayer’s Monsanto unit heads to a Missouri state court on Monday seeking approval of a $7.25 billion settlement that could resolve tens of thousands of U.S. lawsuits alleging that its popular weedkiller Roundup causes cancer. In a pivotal test of …
Markets/Coverages: Liberty Specialty Offers Security Advice for Political Risk Clients
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced a new benefit for eligible political risk insurance policyholders: access to a one-off advisory consultation with Blackthorn Risk Group Ltd., a London-based independent security consultancy. Through this new …
Springfield to Reopen Schools Monday After Closing Them Due to Cyber Attack
Public school students in Springfield, Massachusetts have been told they can return to their schools on Monday, September 14 after the schools were closed on Tuesday due to a cyber incident. According to Mayor Domenic J. Sarno and school officials, …
Ryan Files Protest Over Clearinghouse Contract Awarded to Brown & Brown Firm
The months-long effort to put a Ryan Turner Specialty insurance unit in charge of a lucrative commercial policies clearinghouse in Florida may be far from over, after Ryan filed notice of intent to protest the awarding of the contract to …
Cleaning Crew Killed by Amazon Plane Was Wrapping up Shift at Demanding Job
Five members of a crew killed when an Amazon cargo jet smashed into their van were wrapping up their eight-hour shift cleaning planes at the Miami airport when they were struck, lawyers for one of the victims said on Wednesday. …
Federal Terrorism Insurance Backstop Prompted by 9/11 Still Waits for Reauthorization
Prior to September 2001, terrorism was covered by a standard commercial insurance policy. Either as a direct mention in the policy wording or by its omission, it was covered. But the attacks on 9/11 changed everything. Today, an insurance industry …
Northern California Braces for Power Shutoffs Amid Fire Risk
Nearly a dozen counties in Northern California face an elevated risk of power shutoffs this weekend as extreme heat and high winds boost wildfire conditions across the region. PG&E Corp., which serves more than 5.5 million electric customers in northern …
