16 05, 2024

Driver of Pickup Charged with DUI After Crash with Bus that Killed 8 Farmworkers

By | May 16th, 2024|Uncategorized|Comments Off on Driver of Pickup Charged with DUI After Crash with Bus that Killed 8 Farmworkers

OCALA, Fla. (AP) — The Florida Highway Patrol has arrested the driver of a pickup truck that crashed into a farmworker bus early Tuesday, killing eight, on charges of driving under the influence-manslaughter. Bryan Maclean Howard, 41, faces eight counts …

16 05, 2024

Ransomware Frequency Up 64% on Remote Access Tools, Says At-Bay

By | May 16th, 2024|Uncategorized|Comments Off on Ransomware Frequency Up 64% on Remote Access Tools, Says At-Bay

A 64% jump in ransomware claims in 2023 is driven by an explosion in “indirect” ransomware incidents, up over 415% in 2023, with remote access tools accounting for 58% of attacks. The year-over-year increases were seen among mid-market and emerging …

16 05, 2024

Swiss Re Names Gonzalez CEO of Corporate Solutions, Ojeisekhoba to Step Down

By | May 16th, 2024|Uncategorized|Comments Off on Swiss Re Names Gonzalez CEO of Corporate Solutions, Ojeisekhoba to Step Down

Swiss Re announced that Ivan Gonzalez, CEO Reinsurance China, has been appointed CEO of Corporate Solutions, succeeding Andreas Berger, who is moving into the role of group CEO, effective July 1, 2024. Gonzalez will join the Group Executive Committee at …

16 05, 2024

Colorado City Police Beating Lawsuit Settled for $2.1 Million

By | May 16th, 2024|Uncategorized|Comments Off on Colorado City Police Beating Lawsuit Settled for $2.1 Million

Colorado Springs leaders agreed Tuesday to pay $2.1 million to settle a federal lawsuit brought by a Black man who was punched and kicked by police during a traffic stop in 2022. City councilors voted to back the agreement to …

16 05, 2024

King Insurance Acquires Marcus Agency in Connecticut

By | May 16th, 2024|Uncategorized|Comments Off on King Insurance Acquires Marcus Agency in Connecticut

Florida-based King Insurance Partners announced it has acquired Marcus Insurance, an independent agency based in Wethersfield, Connecticut. The terms were not disclosed. Founded in 1941, Marcus Insurance is a family-run agency with Mitch Marcus as president, and Zach Marcus as …

16 05, 2024

Flood-Prone Houston Faces a Deluge of More Rain: Weather Watch

By | May 16th, 2024|Uncategorized|Comments Off on Flood-Prone Houston Faces a Deluge of More Rain: Weather Watch

Heavy rain will sweep across eastern Texas into Louisiana and Mississippi on Thursday, raising flood risks across the Gulf of Mexico states. Flood watches have been posted from Dallas and Houston eastward across Louisiana and Mississippi. There is also an …

16 05, 2024

Storms Destroy Nearly 50 Homes in Southwestern Michigan: Officials

By | May 16th, 2024|Uncategorized|Comments Off on Storms Destroy Nearly 50 Homes in Southwestern Michigan: Officials

PORTAGE, Mich. (AP) — Nearly 50 homes were destroyed and dozens more were seriously damaged during severe weather last week in southwestern Michigan’s Kalamazoo County, authorities said Monday. The lost homes included 24 mobile homes near Portage, the county’s emergency …

16 05, 2024

People Moves: Klett Named President of Huntington Insurance, Inc.

By | May 16th, 2024|Uncategorized|Comments Off on People Moves: Klett Named President of Huntington Insurance, Inc.

Huntington Bancshares Incorporated, parent company of The Huntington National Bank, headquartered in Columbus, Ohio, appointed Angie Klett as president of Huntington Insurance, Inc. Current president Mary Beth Sullivan is retiring July 1 after nearly 20 years of service at Huntington. …

15 05, 2024

US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency

By | May 15th, 2024|Uncategorized|Comments Off on US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency

Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitable segment, with a combined …

15 05, 2024

Insurance Research Council: Home Insurance Spend Outpaces Household Income Growth

By | May 15th, 2024|Uncategorized|Comments Off on Insurance Research Council: Home Insurance Spend Outpaces Household Income Growth

According to the Insurance Research Council (IRS), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2% …