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9 04, 2021

Los Angeles Paying $1.6M to Settle Suits Alleging Police Wrongdoing

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Los Angeles will pay nearly $1.6 million to settle three lawsuits involving alleged wrongdoing by the city’s police department, a newspaper reported. The City Council voted 12-1 this week to approve the payouts, which include $1.15 million for the shooting …

9 04, 2021

LinkedIn Profiles Posted For Sale by Hackers

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Some LinkedIn data, including publicly viewable member profile, has been extracted and posted for sale, Microsoft Corp.’s professional networking site said based on an investigation. The incident was not a data breach and no private member account data from the …

9 04, 2021

Maine Lawsuit Over Uber Driver’s Refusal of Guide Dog Can Go On

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A judge in Maine has ruled that a woman who has impaired vision can go ahead with a claim against Uber, which she has said discriminated against her by refusing to allow her guide dog into a vehicle. The lawsuit …

9 04, 2021

Virginia Becomes First Southern State to Legalize Marijuana

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Virginia became the first Southern state to legalize marijuana Wednesday, as lawmakers voted to approve Governor Ralph Northam’s proposed changes to a bill that will allow adults to possess and cultivate small amounts of the drug starting in July. Northam …

9 04, 2021

Connecticut Urges Homeowners to Test Wells for Arsenic, Uranium

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Connecticut health officials are urging homeowners who rely on well water to have their systems checked for arsenic and uranium contamination. The advice comes as the result of a study by the U.S. Geological Survey released Tuesday that found almost …

9 04, 2021

P/C Insurers Liberty Mutual, Starr Join Investors in Bitcoin Firm NYDIG

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New York Digital Investment Group, an asset manager focused on bitcoin investments, has raised $100 million it will use to expand the use of bitcoin in insurance. The round comes just a month after announcing $200 million in new financing. …

9 04, 2021

Insurance Industry Showcases Philanthropic, COVID Relief Initiatives

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The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG, Amwins, AXA XL, EY, Lloyd’s and The Hartford presented discussed their …

9 04, 2021

Nursing Home in Washington Paying $8M in Sexual Assault Suit

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A Seattle nursing home’s insurer has agreed to pay $8 million to settle a lawsuit brought on behalf of a disabled woman who was sexually assaulted while in the facility’s care. Foss Home and Village agreed to settle the 2019 …

9 04, 2021

Surplus Lines Broker, Agent or Both? It’s Complicated.

By | April 9th, 2021|Uncategorized|Comments Off on Surplus Lines Broker, Agent or Both? It’s Complicated.

Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …

9 04, 2021

AM Best Maintains Negative Outlook on UK Non-Life Insurance Market

By | April 9th, 2021|Uncategorized|Comments Off on AM Best Maintains Negative Outlook on UK Non-Life Insurance Market

AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown measures coincided with the country’s exit from the European …