Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …
Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …
Krispy Kreme released new information about its late 2024 data breach and said it is notifying affected individuals—many of them current or former employees, and their families. According to a post on its website and a notification to the attorney …
A SpaceX Starship rocket exploded on a test stand in Texas, adding to a series of setbacks to Elon Musk’s space ambitions that include trips to Mars. The huge blast enveloped the craft as it stood upright on a test …
A Connecticut man has pleaded guilty to conspiring to obtain driver’s licenses for ineligible applicants, principally illegal aliens, federal prosecutors reported. The U.S. Attorney’s Office for Massachusetts said that Cesar Agusto Martin Reis of Waterbury pleaded guilty on June 13, …
Alphabet Inc.’s Waymo has applied for a permit to test its robotaxis in New York City, underscoring its intent to operate in one of the largest ride-hailing markets in the US despite an absence of local regulations supporting commercially operated …
San Francisco, California-based Pano AI announced the close of its $44 million Series B funding round. The round, which brings its total amount raised to $89 million, was led by new investor Giant Ventures, with additional new participation from Liberty …
A former Connecticut state police trooper has been arrested and charged with collecting workers’ compensation benefits totaling $8,341.00 during his employment with the Connecticut Department of Emergency Services and Public Protection (DESPP). Jose Campos, age 32, of Winsted, was arrested …
AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this week. Calais Reciprocal Insurance Exchange is domiciled in Illinois and plans …
Circadian Risk, headquartered in Ann Arbor, Michigan, named Frank Schools as chief financial officer (CFO). Schools will oversee the company’s financial strategy, planning, risk management and reporting functions. Schools previously worked with Circadian Risk principals while serving as CFO of …