News Center
News – Insurance Journal
Alldredge Named CEO of NAMIC, Succeeding Chamness
The National Association of Mutual Insurance Companies has named Neil Alldredge as the association’s next president and chief executive officer, effective July 1. Alldredge has been with NAMIC since 1999, serving most recently as senior vice president of corporate affairs, …
POSTED JUNE 24, 2021 7:57 PM |
Texas Warns of Flooded Vehicles Hitting Resale Market
The Texas Department of Insurance has warned flood-damage vehicles may be hitting the state’s resale market following the heavy rains and flooding that swamped Louisiana and Southeast Texas in May. TDI noted that ccam artists will buy salvage cars at …
POSTED JUNE 24, 2021 4:53 PM |
Kobe Bryant’s Widow Agrees to Settle Lawsuit over Deadly Crash
Kobe Bryant’s widow has agreed to settle a lawsuit against the pilot and owners of the helicopter that crashed last year, killing the NBA star, his daughter, Gianna, and seven others. Vanessa Bryant, her children and relatives of other victims …
POSTED JUNE 24, 2021 4:32 PM |
South Florida Condominium Tower Partially Collapses, Killing At Least One
A Surfside, Fla. condominium tower partially collapsed early Thursday morning, killing at least one person and leaving 51 people unaccounted for. Approximately 55 units of the 12-story, 136-unit Champlain Towers South building were affected. Firefighters and first responders arrived at …
POSTED JUNE 24, 2021 4:30 PM |
$750K Settlement Reached with Texas Physicians Group over False Claims
The U.S. Justice Department has reached a settlement agreement with a physicians group in El Paso over allegations of violating the false claims act. The U.S. Attorney’s Office for the Western District of Texas reported that El Paso Ear, Nose …
POSTED JUNE 24, 2021 4:27 PM |
Georgia Hospital System Still Recovering From Ransomware Attack
A coastal Georgia hospital system is still struggling to recover from a ransomware attack that shut down its computer systems last week. Local news outlets report that the St. Joseph’s/Candler health system, which operates two hospitals in Savannah and has …
POSTED JUNE 24, 2021 4:25 PM |
AM Best Revises Mississippi Farm Bureau Outlooks to Negative
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Mississippi Farm Bureau Casualty Insurance Company of Jackson, Miss. AM Best …
POSTED JUNE 24, 2021 4:22 PM |
Armed School Employees Require Training, Ohio Supreme Court Says
School districts that allow employees to be armed must also require police-level training for those workers, a divided Ohio Supreme Court ruled on June 23 in a victory for a group of parents who challenged a local district’s armed employee …
POSTED JUNE 24, 2021 4:22 PM |
Workers Fired, Resign over Houston Hospital’s COVID-19 Vaccine Mandate
More than 150 employees at a Houston hospital system who refused to get the COVID-19 vaccine have been fired or resigned after a judge dismissed an employee lawsuit over the vaccine requirement. A spokesperson for Houston Methodist hospital system said …
POSTED JUNE 24, 2021 4:17 PM |
People Moves: Corvus Hires from Zurich, IFG; CoverGenius Grabs Munich’s Brune; Kin Names 6 Execs; Snapsheet Promotes Cohen
Corvus Adds Chief Insurance Officer and General Counsel Data science and artificial intelligence-driven commercial insurance provider Corvus Insurance announced the appointment of Lori Bailey as chief insurance officer and Kori Johanson as general counsel. Bailey and Johanson each brings more …
POSTED JUNE 24, 2021 3:55 PM |
News – Claims Journal
Agreement in Principle Reached Over Suez Canal Ship Dispute
ISMAILIA — The owners and insurers of a giant cargo ship that blocked the Suez Canal in March have reached agreement in principle in a compensation dispute with the canal authority, their representative and the canal’s chairman said on Wednesday. …
POSTED JUNE 24, 2021 5:02 PM |
Bezos’ 2021 Space Odyssey a Risk Too Far for Insurers
Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Amazon CEO Bezos, a lifelong …
POSTED JUNE 24, 2021 4:48 PM |
Repair Shop Owner Pleads Guilty To Insurance Fraud Charges
WOBURN, Mass. (AP) — A man who used sledgehammers and mallets to further damage customers’ vehicles at the two auto body shops he owned in an effort to cheat insurance companies has pleaded guilty to dozens of charges, prosecutors said. …
POSTED JUNE 24, 2021 4:10 PM |
Jim Bakker, His Church Settle Lawsuit Over COVID-19 Claims
O’FALLON, Mo. (AP) — Jim Bakker and his southwestern Missouri church will pay restitution of $156,000 to settle a lawsuit that accuses the TV pastor of falsely claiming that a health supplement could cure the coronavirus. Missouri court records show …
POSTED JUNE 24, 2021 4:03 PM |
High Court: Armed Ohio School Employees Require Training
COLUMBUS, Ohio (AP) — School districts that allow employees to be armed must also require police-level training for those workers, a divided Ohio Supreme Court ruled Wednesday in a victory for a group of parents who challenged a local district’s …
POSTED JUNE 24, 2021 3:33 PM |
Judge Rejects Spouse’s Wrongful Death Suit Against Airline Over Lax Covid Safety
Citing a concern over “opening the floodgates” to litigation, a federal judge has dismissed a flight attendant’s negligence lawsuit against her employer, Southwest Airlines, which she blamed for her husband’s death from Covid-19. The flight attendant, Carol Madden, claimed that …
POSTED JUNE 24, 2021 3:13 PM |
Conn. Judge Rules No Coverage Owed for Wholesaler’s $100M in COVID Losses
A Connecticut judge ruled that The Hartford did not owe coverage to designer footwear wholesaler Marc Fisher for more than $100 million in losses caused by COVID-19 business closures. Waterbury Judicial District Judge Barbara N. Bellis ruled that government orders …
POSTED JUNE 24, 2021 5:00 AM |
Colonial Pipeline Sued for Gas Crisis From Ransomware Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel. EZ Mart 1 LLC, a two-pump station …
POSTED JUNE 23, 2021 4:05 PM |
Arizona Feeling Brunt of Wildfire Activity Across West
FLAGSTAFF, Ariz. (AP) — Dozens of wildfires were burning in hot, dry conditions across the U.S. West, including a blaze touched off by lightning that was moving toward northern Arizona’s largest city. The mountainous city of Flagstaff was shrouded in …
POSTED JUNE 23, 2021 4:02 PM |
California Firefighters Work to Contain Large Forest Fire
BIG SUR, Calif. (AP) — California’s weather moderated Monday after a long siege of extreme heat but firefighters still faced the difficult task of trying to contain a large forest fire in rugged coastal mountains south of Big Sur. The …
POSTED JUNE 23, 2021 3:56 PM |
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