Health Insurance Plans: June 2024

Sunday, 30 June 2024

Report: Combined California Workers’ Comp Losses and Expenses Down in 2023

Addler Herrmann June 30, 2024 0 Comments

Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau...

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Friday, 28 June 2024

Three Charged With Helping Agents Cheat on Florida Insurance License Exams

Addler Herrmann June 28, 2024 0 Comments

Three Miami people, two them licensed insurance agents, have been charged with operating an unauthorized insurance agent licensing school an...

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Vertafore Report Highlights Agency Recruitment, Hard Market Challenges

Addler Herrmann June 28, 2024 0 Comments

Independent insurance agencies are struggling to find qualified job candidates, and nearly a third of agents surveyed for a recent Vertafore...

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Fisker to Recall Over 12,000 Ocean Vehicles

Addler Herrmann June 28, 2024 0 Comments

Electric-vehicle firm Fisker is recalling more than 12,000 Ocean vehicles to fix an issue where exterior door handles can stick and fail to ...

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Australia Approves ANZ’s $3.3B Buyout of Suncorp; Deal Will Help With Insurance Focus

Addler Herrmann June 28, 2024 0 Comments

Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of Suncorp’s banking business, clearing the deal ...

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People Moves: Gallagher Re Appoints Rudden as Head of Green Solutions; Markel Taps BHSI’s Gebran as Head of Casualty in MENA Region

Addler Herrmann June 28, 2024 0 Comments

This edition of International People Moves details appointments at Gallagher Re and Markel. A summary of these new hires follows here. Galla...

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Saturday, 15 June 2024

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Addler Herrmann June 15, 2024 0 Comments

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Wednesday, 12 June 2024

Elon Musk Withdraws Lawsuit Against OpenAI

Addler Herrmann June 12, 2024 0 Comments

Billionaire entrepreneur Elon Musk on Tuesday moved to dismiss his lawsuit accusing ChatGPT maker OpenAI and its CEO Sam Altman of abandonin...

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Insurance Helped 46,000 Indian Women Avoid Deadly Work During Heat Waves

Addler Herrmann June 12, 2024 0 Comments

In the city of Ahmedabad in western India, temperatures climbed above 43C (109F) every day between May 19 and May 25, creating deadly hot wo...

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Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience

Addler Herrmann June 12, 2024 0 Comments

Key emerging risks facing global economies as well as the insurance and reinsurance industry include the cascading effects of natural disast...

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Allied American Named Designated Claims Administrator for Lloyd’s

Addler Herrmann June 12, 2024 0 Comments

Allied American USA, a national claims management firm based in Tampa, is now a designated claims administrator for Lloyd’s of London. Allie...

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Tuesday, 11 June 2024

Port of Baltimore Channel Reopens Fully to Commercial Maritime Traffic

Addler Herrmann June 11, 2024 0 Comments

Seventy-six days after it was blocked by the collapse of the Key Bridge, the major shipping channel through the Port of Baltimore has been c...

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Rightward Shift After Election Could Limit Future EU Climate Policies

Addler Herrmann June 11, 2024 0 Comments

A more rightward-leaning European Parliament will make it harder to pass ambitious EU climate policies, but the majority of Europe’s current...

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Bipartisan Bill Aims to Authorize Payouts for Coastal Structures

Addler Herrmann June 11, 2024 0 Comments

A new bipartisan bill would authorize National Flood Insurance Plan payouts for structures condemned due to chronic erosion or unusual flood...

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Singapore Airlines Offers Compensation for Flight Hit by Turbulence

Addler Herrmann June 11, 2024 0 Comments

Singapore Airlines has sent compensation offers to passengers on a flight last month from London to Singapore that ran into severe turbulenc...

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Britam of Kenya Plans to Enter $5 Billion Congo Insurance Market

Addler Herrmann June 11, 2024 0 Comments

Britam Holdings Ltd. is hunting for opportunities to enter the massive but under-served insurance market in Democratic Republic of Congo lat...

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Monday, 10 June 2024

Disney to Invest $17B in Florida Parks Now That Fight with DeSantis Has Cooled

Addler Herrmann June 10, 2024 0 Comments

ORLANDO, Fla. (AP) — Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to ...

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Witness Testifies on Seeking Sen. Menendez’s Help on Insurance, Trucking Probes

Addler Herrmann June 10, 2024 0 Comments

A New Jersey businessman took his star turn on the witness stand in the bribery case against Sen. Bob Menendez on Friday, telling a jury he ...

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Rhode Island Lawmakers Pass Bill Requiring Safe Storage of Firearms

Addler Herrmann June 10, 2024 0 Comments

A bill that would require the safe storage of firearms in Rhode Island has been approved by lawmakers and is awaiting the governor’s signatu...

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Lax Oversight by California Agency Put Freeway at Risk Before 2023 Blaze, Audit Finds

Addler Herrmann June 10, 2024 0 Comments

Lax oversight by California’s transportation agency contributed to a destructive blaze last year that consumed a vital section of a Los Ange...

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Maine’s Biggest Water District Sues 18 Manufacturers Over Forever Chemicals

Addler Herrmann June 10, 2024 0 Comments

The biggest water district in Maine is suing manufacturers of so-called forever chemicals in the hopes of recouping costs of monitoring and ...

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Friday, 7 June 2024

Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says

Addler Herrmann June 07, 2024 0 Comments

“There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken Brandt, chair, pre...

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Thursday, 6 June 2024

Tornadoes Touch Down Across US, Killing toddler in Michigan and Injuring 5 in Maryland

Addler Herrmann June 06, 2024 0 Comments

LIVONIA, Mich. (AP) — A tornado killed a 2-year-old boy and injured his mother Wednesday when a tree fell on their house in suburban Detroit...

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Rise in Texas Crop Insurance Payouts Driven by Drought

Addler Herrmann June 06, 2024 0 Comments

The financial costs of drought in Texas have risen rapidly over recent decades, according to a new analysis of federal crop insurance data. ...

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Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA

Addler Herrmann June 06, 2024 0 Comments

USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clien...

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Buffett’s NetJets Sues Pilots’ Union for Defamation

Addler Herrmann June 06, 2024 0 Comments

NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation ove...

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World Hits Streak of Record Temperatures as UN Warns of ‘Climate Hell’

Addler Herrmann June 06, 2024 0 Comments

Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s climate change monitoring service said on W...

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Wednesday, 5 June 2024

Tyson Foods Accused by Conservative Group of Hiring Migrants Over US Citizens

Addler Herrmann June 05, 2024 0 Comments

A group founded by former Trump administration officials has accused Tyson Foods of discriminating against U.S. citizens by disproportionate...

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Hub Acquires Combined HCM in California

Addler Herrmann June 05, 2024 0 Comments

Hub International Ltd. acquired the assets of Combined Benefits Inc., Combined Commercial Insurance Services LLC., and Combined Employer Ser...

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Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients

Addler Herrmann June 05, 2024 0 Comments

Sompo announced the launch of a new technology insurance product for middle market clients in the United Kingdom. The package includes cover...

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Climate Change Made Deadly Brazil Floods Twice As Likely, Study Finds

Addler Herrmann June 05, 2024 0 Comments

Greenhouse gases produced by human activity made the recent deadly flooding in Brazil twice as likely as it would have been in the preindust...

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London Hospitals Hit by Cyberattack Affecting Blood Transfusions

Addler Herrmann June 05, 2024 0 Comments

Services at several London hospitals were disrupted after a provider that helps manage blood transfusions and lab services was hit by a rans...

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Tuesday, 4 June 2024

Gang Member Who Led Violent Takeover of New York Fire Restoration Industry Sentenced

Addler Herrmann June 04, 2024 0 Comments

A gang leader who recruited other gang members and used violence, threats of violence, and extortion to take over the fire restoration busin...

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Broker Verlingue Launches Dedicated Construction Practice in UK

Addler Herrmann June 04, 2024 0 Comments

Chartered insurance broker Verlingue Ltd. has established a new dedicated construction practice to serve the UK’s fast-growing construction ...

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Regulators Raid Toyota Offices Over Safety Scandal, Sending Stock Down

Addler Herrmann June 04, 2024 0 Comments

Toyota Motor Corp. and other carmakers embroiled in a fresh certification scandal halted shipments of a handful of models and saw their offi...

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Increased NFIP Discounts Coming to East Baton Rouge

Addler Herrmann June 04, 2024 0 Comments

In Louisiana, East Baton Rouge Parish residents and business owners will be eligible for an increased discount on their flood insurance prem...

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University to Pay $9 Million Over Campus Shooting That Killed 3, Wounded 2

Addler Herrmann June 04, 2024 0 Comments

The University of Virginia will pay $9 million in a settlement related to a 2022 campus shooting that killed three football players and woun...

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Monday, 3 June 2024

Stellantis Rushes to Replace Thousands of Faulty Takata Airbags

Addler Herrmann June 03, 2024 0 Comments

Stellantis NV is rushing to fix around 500,000 cars from its Citroën and DS brands after urging clients to stop driving them due to faulty a...

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Vermont Is 1st State With Law Requiring Oil Companies Pay for Climate Change Damage

Addler Herrmann June 03, 2024 0 Comments

Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change afte...

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Utility Launches Shutoff Plan Aimed at Preventing Another Wildfire Like Lahaina

Addler Herrmann June 03, 2024 0 Comments

More than 48,000 Hawaiian Electric Co. customers living in some of the state’s driest areas will soon face the prospect of advance power shu...

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People: PEMCO in Washington Names Strong Chief Claims Officer, Reddy chief Data and Analytics Officer

Addler Herrmann June 03, 2024 0 Comments

PEMCO Mutual Insurance named Calvin Strong chief claims officer. It also named Shashi Reddy chief data and analytics officer. Strong will le...

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Sunday, 2 June 2024

AIG a ‘Different Company’ Poised to Grow in E&S and More: CEO Zaffino

Addler Herrmann June 02, 2024 0 Comments

AIG is “a different company” today than it was when CEO Peter Zaffino joined the company in 2017, but like the old AIG, the new one is poise...

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