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Commercial Insurtech Coalition Names First CFO

Aug 08, 2022 Commercial insurtech Coalition has named Jim Young as chief financial officer, John Littzi as general counsel and Julie Richardson as a board member. Young is...

Senate-Passed Inflation Reduction Bill Would Extend ACA Provisions Through 2025

Aug 08, 2022 The massive climate and tax bill passed by the Senate Aug. 7 also contains a provision strongly supported by the health insurance...

ICA Raises 2021 Victoria Flood Estimate to $214.5 Million

Aug 08, 2022 The claims cost for last July’s catastrophic flooding in Victoria is $310.4 million, with more than 93.4% of the 34,300 claims made closed, the Insurance...

Investment Losses, Higher Catastrophes Hit Suncorp’s Fiscal 2022 Profit

Aug 08, 2022 Natural catastrophe and investment losses hit Suncorp Group Ltd.’s fiscal 2022 result as net profit for the year ending June 3o fell 34.1...

Claims Journal

School Dean who Shot Student Ordered to Pay $10 Million Judgment

Aug 08, 2022 BOSTON (AP) — 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...

Fire Victims Seek over $85 Million for Tamarack Fire Damages

Aug 08, 2022 RENO, Nev. (AP) — 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....

Oregon’s Wildfire Risk Map Emerges as New Climate Flashpoint

Aug 08, 2022 PORTLAND, Ore. (AP) — 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 —...

Tourists Find Safety After Floods Close Death Valley Roads

Aug 08, 2022 LOS ANGELES (AP) — Hundreds of hotel guests trapped by flash flooding at Death Valley National Park were able to drive out after crews cleared a pathway through rocks...

Insurance Journal

People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO

Aug 08, 2022 Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as...

Florida’s Ag Commissioner Wants Lower Retention for Cat Fund

Aug 08, 2022 Florida’s agriculture commissioner, a Democratic candidate for governor, is on board with what many in the insurance industry have been asking for: utilizing...

FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’

Aug 08, 2022 Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive...

U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash

Aug 08, 2022 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...