August 8, 2022
Long Insurance Services, LLC.
Mon, 08 Aug 2022 16:09:38 +0000
Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director of Cyber Underwriting. Anderson will be based out of the company’s Dallas office. With nearly 30 years of indus...
Mon, 08 Aug 2022 15:56:41 +0000
Florida’s agriculture commissioner, a Democratic candidate for governor, is on board with what many in the insurance industry have been asking for: utilizing the state’s hurricane catastrophe fund to provide lower-cost reinsurance to more property insu...
Mon, 08 Aug 2022 15:32:33 +0000
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience credit,’ providing them with additional means t...
Mon, 08 Aug 2022 15:04:21 +0000
The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one ...
Mon, 08 Aug 2022 14:38:16 +0000
In the year 2100, Fort Myers, Florida will see only one day in which nuisance high tide flooding isn’t an issue. And Naples will be flooded by incoming tides every day, according to the latest tide predictions coming from the …
Mon, 08 Aug 2022 14:33:16 +0000
A new map in Oregon that rated the wildfire risk of every tax lot in the state – labeling nearly 80,000 structures as high-risk – generated so much pushback from angry homeowners that officials abruptly retracted it, saying they had …
Mon, 08 Aug 2022 14:28:57 +0000
People who lost their homes and property in last summer’s Tamarack Fire in northern Nevada and California have filed a claim against the U.S. Forest Service seeking more than $85 million. The filing by attorney Bill Jeanney of Reno on …
Mon, 08 Aug 2022 14:19:29 +0000
Enthusiastic church volunteer Sonia St. Cyr lost something she treasures during the blackout caused by Hurricane Ida — her independence, afforded her by the electric wheelchair she expertly maneuvers over bumpy city sidewalks. “After Ida I was housebou...
Mon, 08 Aug 2022 14:05:42 +0000
A motorcycle driver’s signed waiver of underinsured motorists coverage in 2004 was still in effect 15 years later when he was in a tragic crash despite a phone conversation he had in 2014 with a representative for his direct insurer …
Mon, 08 Aug 2022 14:01:21 +0000
The MarshBerry Platform announced it has merged with First Choice Agents Alliance (FCAA). The merger will position the combined firms as one of the insurance brokerage industry’s top agency partnerships. MarshBerry Platform and FCAA, each on their own,...
Mon, 08 Aug 2022 13:17:33 +0000
The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of...
Mon, 08 Aug 2022 12:07:48 +0000
In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on a “masterclass in deflection” to prevent the court from granting a restraining order against Allia...
Mon, 08 Aug 2022 10:32:31 +0000
Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the …
Mon, 08 Aug 2022 09:33:00 +0000
Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain …
Mon, 08 Aug 2022 09:11:31 +0000
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Another Day Ltd. Terms of the transaction were not disclosed. Founded in 2016, AnotherDay is a London-based risk management consultancy that helps...
Mon, 08 Aug 2022 07:52:15 +0000
Quotech, the insurtech that creates data-taming systems for specialty insurers, brokers, and MGAs, has raised £1 million from a number of angel investors and Convex Group Ltd., the international specialty insurer and reinsurer. Proceeds from the fundi...
Mon, 08 Aug 2022 07:03:59 +0000
Lloyd’s announced it has received regulatory approval to set up a second protected cell company (PCC), which aims to enhance market accessibility for investors – a key deliverable of the Future at Lloyd’s project. Lloyd’s previously announced a numbe...
Mon, 08 Aug 2022 06:18:08 +0000
Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it expands business in China, according to people familiar with the matter. The Hong Kong-based insurer is considering buying SIIC Center, …
Mon, 08 Aug 2022 05:55:09 +0000
Alex Jones is facing a hefty price tag for his lies about the Sandy Hook Elementary School massacre – $49.3 million in damages, and counting, for claiming the nation’s deadliest school shooting was a hoax – a punishing salvo in …
Mon, 08 Aug 2022 05:50:09 +0000
Ukrainian officials said Russian forces shelled the area around Europe’s largest nuclear plant for a second day, hours after the head of the UN’s atomic safety agency warned of “potentially catastrophic consequences.” Russian shells landed near spent n...
Mon, 08 Aug 2022 05:25:24 +0000
Energy pipeline operator Energy Transfer has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet of natural gas, according to a report filed with the U.S. National Response Center. The July 22 leak, the equivalent …
Mon, 08 Aug 2022 05:21:46 +0000
Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles. The National Highway Traffic ...
Mon, 08 Aug 2022 05:13:16 +0000
The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report. The Best’s Special Report, “U.S. Captive Insurance: Stepping In Amid Capacit...
Mon, 08 Aug 2022 05:12:37 +0000
A judge handling a trial over liability for lead contamination in Flint’s water sealed the transcript of a hearing with lawyers, a conference held this week while jurors were on an 11-day break from deliberations. A docket entry indicates the …
Mon, 08 Aug 2022 05:06:41 +0000
Malaysia will offer government-backed insurance plans to help compensate farmers for losses after natural disasters, as part of measures to strengthen food security. The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agricu...
Mon, 08 Aug 2022 05:01:49 +0000
At a recent workshop held by the Florida Office of Insurance Regulation, a claims specialist for USAA summed up the conundrum that property insurers are about to face when asked to report the other side’s legal fees in claims disputes. …
Mon, 08 Aug 2022 05:00:53 +0000
Fire tore quickly through a house in northeastern Pennsylvania early Friday, killing seven adults and three children and horrifying a volunteer firefighter who arrived to battle the blaze only to discover the victims were his own family, authorities sa...
Mon, 08 Aug 2022 05:00:12 +0000
A former dean at a Boston high school known affectionately by students as “Rev” has been ordered by a federal judge to pay more than $10 million in damages to a former student he was convicted of trying to kill …
Mon, 08 Aug 2022 05:00:08 +0000
SAIF promoted Holly Tindall to the newly created position of vice president of corporate services. Tindall is responsible for administrative operations, facilities, and transportation and will serve on SAIF’s executive leadership team. Tindall was prev...
Fri, 05 Aug 2022 23:28:10 +0000
A bus traveling from Los Angeles to Fresno crashed after it went off a highway, broke through a chain link fence and came to a rest on its side in a parking lot, injuring 24 people, authorities said. The driver …