Health Insurance Plans: July 2024

Wednesday, 31 July 2024

People Moves: WCF Insurance Promotes Houting to SVP of Middle Market; Ushur Names Price CRO

Addler Herrmann July 31, 2024 0 Comments

WCF Insurance Promotes Houting to SVP of Middle Market WCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice pres...

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CrowdStrike Is Sued by Shareholders Over Huge Software Outage

Addler Herrmann July 31, 2024 0 Comments

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testin...

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AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%

Addler Herrmann July 31, 2024 0 Comments

The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for Ame...

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Personal Lines Insurer Adirondack Exchange Withdrawing From New York

Addler Herrmann July 31, 2024 0 Comments

The New York personal lines carrier Adirondack Insurance Exchange (AIE) is facing financial difficulties and has told its agents and custome...

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Bain Capital Insurance Backs Specialized Risk Financing Firm 1970 Group

Addler Herrmann July 31, 2024 0 Comments

Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insuran...

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Tuesday, 30 July 2024

Court Must Decide If Child Victims Act Revives Old Workers’ Compensation Claims

Addler Herrmann July 30, 2024 0 Comments

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would...

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New York City Turns to AI-Powered Scanners to Keep Guns Out of Subway

Addler Herrmann July 30, 2024 0 Comments

New York City is turning to AI-powered scanners in a new bid to keep guns out of its subway system, but the pilot program launched Friday is...

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Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Addler Herrmann July 30, 2024 0 Comments

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month...

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AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage

Addler Herrmann July 30, 2024 0 Comments

A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit firm focused on i...

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HDI Global Receives License to Open Office in Dubai

Addler Herrmann July 30, 2024 0 Comments

HDI Global SE has received a regulatory license from Dubai Financial Services Authority (DFSA) to open an office in Dubai. The new local pre...

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Monday, 29 July 2024

California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic

Addler Herrmann July 29, 2024 0 Comments

The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and ar...

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Rebuilding Rome, Upstate New York City Looking Forward After Destructive Tornado

Addler Herrmann July 29, 2024 0 Comments

A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches. No...

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People Moves: Gov. Moore Appoints Grant as Next Maryland Insurance Commissioner

Addler Herrmann July 29, 2024 0 Comments

Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and re...

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Indivior Reaches $86 Million Opioid Settlement With 16 States

Addler Herrmann July 29, 2024 0 Comments

Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction acros...

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Aspen Promotes Dunleavy to Group President, Succeeding Coleman

Addler Herrmann July 29, 2024 0 Comments

Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountabl...

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Sunday, 28 July 2024

Black Bear and Cub Destroy Car in Connecticut After Getting Trapped Inside

Addler Herrmann July 28, 2024 0 Comments

Trapped inside a car, the adult black bear and cub thrashed about. The horn was blaring and the radio blasting. Outside the car, a second cu...

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Bayer’s Monsanto to Pay $160M to Resolve Seattle’s PCB Contamination Lawsuit

Addler Herrmann July 28, 2024 0 Comments

Monsanto will pay $160 million to settle a lawsuit by the city of Seattle that accused the unit of Germany’s Bayer of polluting the city’s d...

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Maine Schools Face Unique Challenges in Ridding Water of ‘Forever Chemicals’

Addler Herrmann July 28, 2024 0 Comments

Days before winter break ended in December 2022, Bill Hansen was relieved to learn that Jordan-Small Middle School in Raymond had no traces ...

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California Wildfire Continues to Spread Rapidly to 164K Acres

Addler Herrmann July 28, 2024 0 Comments

A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prom...

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Rushed Railcar Inspections and ‘Stagnated’ Safety Record Reinforce Concerns

Addler Herrmann July 28, 2024 0 Comments

Major freight railroads are rushing railcar inspections, reinforcing known safety concerns raised by unions for years, but at a House hearin...

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Friday, 12 July 2024

Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season

Addler Herrmann July 12, 2024 0 Comments

Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing conditions in the P...

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NTSB Investigating Crash of Small Plane That Killed Three in North Carolina

Addler Herrmann July 12, 2024 0 Comments

MARION, N.C. (AP) — Three people were killed when a small plane crashed in western North Carolina, officials said Monday. McDowell County Em...

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Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut

Addler Herrmann July 12, 2024 0 Comments

In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject ...

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Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather

Addler Herrmann July 12, 2024 0 Comments

A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production from t...

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Thursday, 11 July 2024

California Insurance Commissioner Orders Insurance Preserved for 46K Residents Following Fire

Addler Herrmann July 11, 2024 0 Comments

California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000...

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Fifth Third Bank to Pay $5M Fine for Illegally Forcing Car Insurance Onto Borrowers

Addler Herrmann July 11, 2024 0 Comments

Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who had coverage. Fifth Th...

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Collector Vehicle Insurer OpenRoad to Launch in Four Midwest States

Addler Herrmann July 11, 2024 0 Comments

New classic and modern collector vehicle insurer, OpenRoad, has announced it will begin offering coverage across select U.S. states on Monda...

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Damage from Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC

Addler Herrmann July 11, 2024 0 Comments

Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen...

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Vitol, SK Settle California Fuel Rigging Probe for $50 Million

Addler Herrmann July 11, 2024 0 Comments

California’s attorney general said it reached a $50 million settlement with commodity traders Vitol and SK Energy Americas Inc. after it all...

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Wednesday, 10 July 2024

People Moves: Society Insurance Names Brown to Board of Directors

Addler Herrmann July 10, 2024 0 Comments

Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Sherman Brown of Chicago as a director at its annual meeting of policyho...

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Montana To Ask State Top Court To Overturn Landmark Climate Ruling

Addler Herrmann July 10, 2024 0 Comments

Montana’s top court is set to hear the state’s appeal of a landmark ruling holding that it was violating the rights of young people to a cle...

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Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane

Addler Herrmann July 10, 2024 0 Comments

Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify to the max...

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best insurance car near me

Addler Herrmann July 10, 2024 0 Comments

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California Company Recalling 1M Power Adapters Sold with Baby Sound Machines Due to Shock Hazard

Addler Herrmann July 10, 2024 0 Comments

Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed to help infants a...

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Tuesday, 9 July 2024

Ohio Apartment Building Set to Reopen After Nearby Deadly Gas Explosion

Addler Herrmann July 09, 2024 0 Comments

A 16-story apartment building in Ohio may reopen early next month, several weeks after it was temporarily shuttered following a deadly natur...

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Most of Houston Loses Power as Hurricane Beryl Delivers Latest Blow

Addler Herrmann July 09, 2024 0 Comments

Much of Houston remained without power in Tropical Storm Beryl’s wake, and authorities warned the blackout could last days even as heat buil...

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EU Markets Watchdog Signals a Hard Line on New ESG Disclosures

Addler Herrmann July 09, 2024 0 Comments

Europe’s financial markets watchdog said companies shouldn’t anticipate that the complexity of new ESG reporting requirements will excuse sl...

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Earth Continues Streak of Record-Shattering Hot Months

Addler Herrmann July 09, 2024 0 Comments

Earth’s more than year-long streak of record-shattering hot months kept on simmering through June, according to the European climate service...

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15 Firefighters Injured Fighting Virginia Warehouse Fire

Addler Herrmann July 09, 2024 0 Comments

Fifteen firefighters were injured fighting a large blaze at a fertilizer warehouse in South Hill, Virginia early Saturday morning. The firef...

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Monday, 8 July 2024

Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers

Addler Herrmann July 08, 2024 0 Comments

Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing deman...

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Hospital to Pay $300K to Resolve Drug Recordkeeping Allegations

Addler Herrmann July 08, 2024 0 Comments

A New Hampshire hospital has agreed to pay $300,000 to resolve allegations that it violated federal law by failing to keep accurate records ...

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Corporate France Braces for New Era of Political Turmoil

Addler Herrmann July 08, 2024 0 Comments

France’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies ...

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Investors Put UK Election Winner Labour on Credibility Watch

Addler Herrmann July 08, 2024 0 Comments

Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets ...

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Delaware Judge Allows Suit Over Fatal Police Shooting of Mentally Ill Woman

Addler Herrmann July 08, 2024 0 Comments

A Delaware judge on Tuesday refused to dismiss a lawsuit involving the death of a mentally ill woman who was killed by a state trooper in 20...

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Sunday, 7 July 2024

Beryl Regains Strength, On Track to Reach Texas as Hurricane

Addler Herrmann July 07, 2024 0 Comments

Tropical Storm Beryl is gaining strength as it lumbers toward the south Texas coast, and is expected to become a hurricane again before it m...

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Friday, 5 July 2024

Cooper Signs Retention Groups, Vaping, Work Zone Safety Bills in North Carolina

Addler Herrmann July 05, 2024 0 Comments

RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper signed four bills Wednesday that include the creation of a new registry for vaping produ...

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Q2 2024 Personal Insurance Rates Up 7.6%: MarketScout

Addler Herrmann July 05, 2024 0 Comments

The average rate increase for U.S. personal lines coverages was about 7.6% in the second quarter, up from about 4.8% for the first three mon...

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Beryl Barrels Toward Mexico’s Yucatan With Hurricane Winds

Addler Herrmann July 05, 2024 0 Comments

Hurricane Beryl is barreling toward Mexico’s Yucatan Peninsula as local authorities move to evacuate residents from communities along the st...

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Zimbabwe Gets $32 Million in Drought Insurance From Agency of African Union

Addler Herrmann July 05, 2024 0 Comments

Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation ...

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As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind

Addler Herrmann July 05, 2024 0 Comments

With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skill...

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Thursday, 4 July 2024

Court Rejects Broadway Producer’s Antitrust, Defamation Claims Against Union

Addler Herrmann July 04, 2024 0 Comments

An appeals court on Tuesday rejected an appeal by a Tony Award-winning producer who claims that a union for actors and stage managers organi...

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