Health Insurance Plans: September 2024

Tuesday, 24 September 2024

People Moves: IMA Financial Group Hires Davenport to lead Texas Employee Benefits; Marsh McLennan Agency Appoints Stadler President, Jeatran VP and Bridges to Lead Southwest Region

Addler Herrmann September 24, 2024 0 Comments

IMA Financial Group Hires Davenport to lead Texas Employee Benefits IMA Financial Group, headquartered in Denver, named Teniqua Davenport as...

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From Architects to Agents: Skiados Hired as PIA Chief Executive

Addler Herrmann September 24, 2024 0 Comments

The National Association of Professional Insurance Agents (PIA) named Michael Skiados as CEO following an extensive search process. He will ...

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Ex-Twitter Worker Wins Musk Layoff Pay Fight, Memo Says

Addler Herrmann September 24, 2024 0 Comments

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform...

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Cards Against Humanity Sues Elon Musk’s SpaceX Over Alleged Trespassing in Texas

Addler Herrmann September 24, 2024 0 Comments

The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant la...

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Monday, 23 September 2024

Snowflake Hacker Still Active, Finding New Victims, Expert Says

Addler Herrmann September 23, 2024 0 Comments

A hacker responsible for a cybercrime campaign that impacted up to 165 companies this summer is still at large and recently broke into a “ha...

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Environmental Activist ClientEarth Sues Germany Over Pesticides Use

Addler Herrmann September 23, 2024 0 Comments

Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesti...

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Methane Emissions Still Rising After Pledges to Curb Pollution

Addler Herrmann September 23, 2024 0 Comments

Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little progress on pledges to...

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A Mercedes-Benz Fire May Cloud South Korea’s EV Transition

Addler Herrmann September 23, 2024 0 Comments

A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of batter...

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While Other States Struggle, New Hampshire Boasts Insurance Is ‘Going Quite Well’

Addler Herrmann September 23, 2024 0 Comments

Consumers are hearing a lot about insurance difficulties around the country. The news from California and Florida about how disasters, skyro...

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Friday, 20 September 2024

Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law

Addler Herrmann September 20, 2024 0 Comments

Pennsylvania Attorney General Michelle Henry announced the launch of an online portal for companies and other entities reporting data breach...

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Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best

Addler Herrmann September 20, 2024 0 Comments

The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus ...

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People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership

Addler Herrmann September 20, 2024 0 Comments

AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York Cit...

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Thursday, 19 September 2024

Connecticut Aquarium Pays $12K to Settle Investigation Into Whale Deaths

Addler Herrmann September 19, 2024 0 Comments

A Connecticut aquarium where three beluga whales died in recent years has agreed to settle a federal investigation over alleged animal care ...

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Ex-Google Executive’s Startup to Use AI to Forecast the Weather

Addler Herrmann September 19, 2024 0 Comments

A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemo...

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Families of 3 Construction Workers Killed in Baltimore Bridge Collapse to Sue

Addler Herrmann September 19, 2024 0 Comments

Three families of immigrant construction workers killed when Baltimore’s Francis Scott Key Bridge collapsed after it was hit by the cargo sh...

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Exploding Pagers in Lebanon Spur Theories on Sabotage Method

Addler Herrmann September 19, 2024 0 Comments

From the moment pagers began exploding across Lebanon Tuesday, theories began to circulate on how devices considered outmoded in much of the...

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Wednesday, 18 September 2024

Industry Critiques Trump’s Auto Insurance Rate Data, Promise to Cut Premiums

Addler Herrmann September 18, 2024 0 Comments

A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance indust...

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Houston-Area Blaze Caused by SUV Accident, Officials Say

Addler Herrmann September 18, 2024 0 Comments

A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store...

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Amazon Drivers Join Teamsters in New York, Union Says

Addler Herrmann September 18, 2024 0 Comments

Hundreds of delivery drivers for e-commerce giant Amazon.com have joined the International Brotherhood of Teamsters, seeking improved wages,...

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Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India

Addler Herrmann September 18, 2024 0 Comments

Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade a...

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Africa Floods Affect 4 Million People, Deepen Food Crisis

Addler Herrmann September 18, 2024 0 Comments

Floods across 14 central and West African nations have affected at least 4 million people — rendering many of them homeless — killed about 1...

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Tuesday, 17 September 2024

Pipe Fire Near Houston Forces Residents to Evacuate

Addler Herrmann September 17, 2024 0 Comments

Firefighters in the Houston suburb of La Porte were working to extinguish a pipeline fire that forced residents to evacuate some areas. The ...

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US Property Insurance Rates Fall for First Time Since 2017

Addler Herrmann September 17, 2024 0 Comments

US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower los...

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PwC Probe Spotlight Shifts to Hong Kong After Record China Fine

Addler Herrmann September 17, 2024 0 Comments

The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with...

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Taiwan Regulator Rejects CTBC Takeover Attempt of Shin Kong

Addler Herrmann September 17, 2024 0 Comments

Taiwan’s financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans were i...

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Monday, 16 September 2024

People Moves: Aspire in California Names Rea Chief Technology Officer

Addler Herrmann September 16, 2024 0 Comments

Aspire General Insurance hired Sam Rea as its chief technology officer. Rea has more than 20 years of experience leading IT organizations in...

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Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases

Addler Herrmann September 16, 2024 0 Comments

Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss ...

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Tropical System Moving in Carolinas Monday with Winds, Rain, Floods

Addler Herrmann September 16, 2024 0 Comments

A potential tropical storm loomed off the coasts of the Carolinas Monday morning, with deteriorating conditions expected for the Wrightsvill...

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Musk Calls Australian Government ‘Fascists’ Over Misinformation Law

Addler Herrmann September 16, 2024 0 Comments

Elon Musk, owner of social media platform X, on Friday [Sept. 13] called Australia’s center-left government “fascists” over proposed legisla...

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Flood Death Toll Rises in Europe With More Heavy Rain Forecast

Addler Herrmann September 16, 2024 0 Comments

The death toll from flooding in central Europe is climbing, with Poland preparing to declare a state of emergency. Storm Boris has brought t...

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Sunday, 15 September 2024

Man Charged With Arson in Colorado Wildfire That Destroyed 29 Homes

Addler Herrmann September 15, 2024 0 Comments

A Colorado man was charged with arson after an investigation into a wildfire this summer that destroyed 29 homes and caused more than $30 mi...

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Friday, 13 September 2024

Texas is Close to Adopting Revised Oil and Gas Waste Rules

Addler Herrmann September 13, 2024 0 Comments

Texas is inching closer to adopting revised oil and gas waste management rules for the first time in four decades. The Railroad Commission o...

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PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit

Addler Herrmann September 13, 2024 0 Comments

Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million...

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Tokio Marine Kiln Launches Specialty Reinsurance Division

Addler Herrmann September 13, 2024 0 Comments

Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support th...

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Thursday, 12 September 2024

Francine Estimated to Cause $9B in Damage With $1.5B in Insured Losses

Addler Herrmann September 12, 2024 0 Comments

A preliminary estimate shows total damage and economic loss from Hurricane Francine in the U.S. is expected to be $9 billion. The storm effe...

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Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share

Addler Herrmann September 12, 2024 0 Comments

For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct wri...

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China Braces for Another Typhoon After Yagi Slammed South Coast

Addler Herrmann September 12, 2024 0 Comments

Typhoon Bebinca is forecast to hit the east coast of China early Monday, threatening to bring excessive rainfall that could disrupt oil refi...

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Thailand Raises Flood Warnings as Deaths Rise After Yagi

Addler Herrmann September 12, 2024 0 Comments

Thailand warned a new storm may cause more floods and landslides, while death toll from Typhoon Yagi and the monsoon rains continued to rise...

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How Social Media Complicates Defamation Claims and How to Handle Them

Addler Herrmann September 12, 2024 0 Comments

Five professional models who sued long after a state’s three year statute of limitations expired may pursue their defamation claims against ...

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Wednesday, 11 September 2024

Few Households Opt Out of $600M Ohio Train Derailment Settlement

Addler Herrmann September 11, 2024 0 Comments

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement despite residen...

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Four People From Connecticut Die in Small Plane Crash in Vermont

Addler Herrmann September 11, 2024 0 Comments

A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday. The Vermont State Pol...

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Police Have Increased Use of Maine’s ‘Yellow Flag’ Law Since Mass Shooting

Addler Herrmann September 11, 2024 0 Comments

There has been a huge jump in law enforcement requests for Maine courts to allow guns to be seized from people deemed a danger to themselves...

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Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Addler Herrmann September 11, 2024 0 Comments

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. ...

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AM Best Places Credit Ratings of Oregon Mutual Group Members Under Review

Addler Herrmann September 11, 2024 0 Comments

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit R...

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Tuesday, 10 September 2024

Another Fast-Growing Southern California Wildfire Forces Evacuations

Addler Herrmann September 10, 2024 0 Comments

A Southern California wildfire that broke out in Orange County’s Trabuco Canyon Monday has exploded to more than 8,500 acres overnight. By T...

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‘Dr. Taxes’ in Georgia Charged with Taking Workers’ Comp Premiums from Clients

Addler Herrmann September 10, 2024 0 Comments

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled...

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Red Lobster Landlord Sues Insurer to ‘Clawback’ $1.2M Fire Claim Payment

Addler Herrmann September 10, 2024 0 Comments

The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out o...

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Coney Island’s Cyclone Roller Coaster Reopens 2 Weeks After Malfunction

Addler Herrmann September 10, 2024 0 Comments

The famed Cyclone roller coaster in New York City’s Coney Island has reopened two weeks after a mechanical problem forced a mid-ride stop an...

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An ESG Backlash Erupts in Europe on World’s Strictest Rules

Addler Herrmann September 10, 2024 0 Comments

For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mo...

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Monday, 9 September 2024

Fast-Growing California Wildfire Threatening 35,000 Structures

Addler Herrmann September 09, 2024 0 Comments

A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000 home...

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Chrysler-Parent Stellantis Recalls 1.46 Million Vehicles Worldwide

Addler Herrmann September 09, 2024 0 Comments

Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brak...

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Fourth Coal Miner This Year Killed in West Virginia

Addler Herrmann September 09, 2024 0 Comments

CHARLESTON, W.Va. (AP) — A coal miner was killed on the job in West Virginia on Friday night, Gov. Jim Justice said. The Republican governor...

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New Georgia Direct-Action Changes Aren’t Perfect: What Insurers Need to Know

Addler Herrmann September 09, 2024 0 Comments

On July 1, 2024, changes to the Georgia Direct Action Statutes, O.C.G.A. § 40-1-112 and O.C.G.A. § 40-2-140, went into effect and limited th...

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Recreational Marijuana Sales Begin on NC Tribal Land But Still Illegal in State

Addler Herrmann September 09, 2024 0 Comments

CHEROKEE, N.C. (AP) — The Eastern Band of Cherokee Indians began selling marijuana and cannabis products to any adult 21 or over starting Sa...

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