Insurance Journal

Waymo Recalls 444 Self-Driving Vehicles Over Software Error

Alphabet’s Waymo unit has recalled 444 self-driving vehicles after two minor collisions in quick succession in Arizona because a software error could result in them inaccurately predicting the movement of a towed vehicle. All of the vehicles ar...

Posted: Feb 16, 2024

Georgia, NC Women Face Insurance Fraud Charges After Auto Accident Claims

Georgia law enforcement authorities were searching for a Lawrenceville woman who allegedly submitted fabricated medical records in an auto insurance claim in an effort to collect $15,000, the state insurance commissioner said. The insurer was not nam...

Posted: Feb 16, 2024

US Offers Up to $10M Reward for Info Leading to Leaders of Notorious Ransomware Gang

If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million for anyone who can …

Posted: Feb 16, 2024

Maryland Issues Insurance Scam Warning for Businesses

The Maryland Insurance Administration (MIA) is warning of an insurance-related scam targeting small painting, construction, and cleaning businesses. The fraudulent offers may be received by email, text message, or phone call. MIA advises businesses t...

Posted: Feb 16, 2024

Canada’s Co-operators Enters Home-Services Business With Carson Dunlop Purchase

Co-operators Financial Services Ltd. announced the acquisition of the parent company of Carson Dunlop & Associates Ltd., a consulting engineering firm that provides advice to help homeowners make better, more informed decisions about their homes,...

Posted: Feb 16, 2024

New Bill Would Still Permit Smoking in Atlantic City Casinos But With More Restrictions

Atlantic City casinos would be able to continue to allow gamblers to smoke on the casino floor under a new bill that would impose additional restrictions on lighting up. New Jersey state Sen. John Burzichelli introduced a bill Monday giving …

Posted: Feb 16, 2024

Pennsylvania’s State Courts Restore Website Services Disrupted by Cyber Attack

The Pennsylvania state court system has restored all of its digital platforms that were disrupted by a February 4 cyber attack. In an update, Chief Justice Debra Todd reported that the system’s news, statistics, court opinions and the civics ed...

Posted: Feb 16, 2024

People Moves: Swanick and Hayes Join Centri; Haan Heads World Insurance HR; Carson Joins Risk Strate...

Swanick and Hayes Join Centri Centri Business Consulting, headquartered in Philadelphia, hired John Swanick as senior director and Joe Hayes as managing director to lead its insurance practice. Swanick and Hayes bring over 70 years of combined insura...

Posted: Feb 16, 2024

South Africa’s President Will Sign Health Insurance Bill Into Law

South Africa’s President Cyril Ramaphosa said on Thursday that he planned to sign into law a National Health Insurance (NHI) bill that aims to provide universal health coverage to South Africans, although he did not give a time frame. The &#823...

Posted: Feb 16, 2024

Russia’s Aeroflot Finalizes Insurance Settlement for 7 More Planes

Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday. Planes leased by Russian airlines from foreign leasing companies have been in limbo since sanctions were imposed over Russia&...

Posted: Feb 16, 2024

Shaw Appointed CEO of Tokio Marine Kiln, Succeeding Irick

Specialty insurer Tokio Marine Kiln (TMK) announced the appointment of Matthew Shaw as CEO, with effect from April 1, subject to regulatory approval. Shaw will succeed Brad Irick who is taking up the position of co-head of international business for...

Posted: Feb 16, 2024

US and Allies Kick Russian Hackers Off Home Routers, FBI Says

The US and its allies have disrupted access by a Russian-state sponsored hacking organization to “well over a thousand home and small business routers” used for criminal and intelligence purposes, FBI Director Christopher Wray said on Thu...

Posted: Feb 16, 2024

Over 350 People Contact Law Firm Reviewing FDIC Workplace Culture

More than 350 people have contacted an outside law firm reviewing workplace culture at the U.S. Federal Deposit Insurance Corporation in the wake of media reporting last year on allegations of persistent sexual harassment, top agency officials said o...

Posted: Feb 16, 2024

Hackers Exploit Ad Tools to Track Victims, Boosting Scam Efforts

Cybercriminals are using advertising tools to make their scams as “clickable” as possible. In a new kind of email phishing tactic, hackers are sending malicious PDF attachments containing a link that’s registered through an advertis...

Posted: Feb 16, 2024

Palomar Insurance in Alabama Names Messer VP; Carofin Elevates Clifford

Palomar Insurance Corp., based in Montgomery, Alabama, announced that Shon Messer has joined the company’s Birmingham office as vice president. Messer, who spent 16 years at DSD Insurance, an Acrisure agency partner, and 11 years with Allstate...

Posted: Feb 16, 2024

Symphony Risk in California Launches Captive Program for Cannabis Industry

Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool provides a breadth of benefits not...

Posted: Feb 16, 2024

New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim

New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals...

Posted: Feb 16, 2024

New York City Sues Social Media Platforms Over Teen Mental-Health Concern

New York City joined a growing chorus of states, cities and school districts suing social media companies over claims that their platforms are fueling a mental-health crisis among teens, alleging that Meta Platforms and others exploit children and ad...

Posted: Feb 16, 2024

WTW Upgrades Hawaiian Coral Reef Parametric Insurance Policy

WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms. This replaces the first U.S. coral reef insurance p...

Posted: Feb 16, 2024

Southern California Tops List of Wheel and Tire Claims for Second Straight Quarter

Los Angeles and Orange County are number one of the top 20 list for a second consecutive quarter for 2023 and stay at the top in theft claims handled by population. Wheelnet, a provider for wheel and tire replacement for …

Posted: Feb 16, 2024

Illinois Construction Contractor Fined $264K for Safety Violations

An Illinois construction contractor – with a history of ignoring federal safety regulations – has again been found exposing workers to deadly fall hazards on a jobsite in Naperville. Inspectors with the U.S. Department of Labor’s Occupational S...

Posted: Feb 15, 2024

Police Investigate How Texas Church Shooter Obtained Rifle Despite Mental Illness

HOUSTON (AP) — The shooter who opened fire at a Houston megachurch before being gunned down by security officers used an AR-style rifle that police say she legally purchased despite a years-long criminal record, a history of mental illness and &#8230...

Posted: Feb 15, 2024

Vehicle Crashes Into Austin, Texas Emergency Room, Killing 1

AUSTIN, Texas (AP) — A car crashed into a Texas hospital’s emergency room Tuesday, killing the driver and injuring five other people, including a child with life-threatening injuries, authorities said. The car smashed into the lobby of the ER a...

Posted: Feb 15, 2024

Allstate Reports $276M in January Cat Losses, Updates Rate Increases

Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low totals. Consolidated catastr...

Posted: Feb 15, 2024

Texas Housekeeping Provider to Pay $520K Over Disability Discrimination Suit

Hospital Housekeeping Systems, LLC (HHS), a provider of housekeeping, food and facilities support to numerous industries, based in Dripping Springs, Texas, will pay $520,000 as part of the settlement of a disability discrimination lawsuit brought by...

Posted: Feb 15, 2024