Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025
The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …
POSTED NOVEMBER 21, 2024 3:26 PM |
NSA Director Wants Industry to Disclose Details of Telecom Hacks
The director of the National Security Agency on Wednesday urged the private sector to take swift, collective action to share key details about breaches they have suffered at the hands of Chinese hackers who have infiltrated US telecommunications. General Timothy …
POSTED NOVEMBER 21, 2024 3:22 PM |
Miami Insurance Agent Pleads Guilty to Keeping $6M in Premium Finance Loans
A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known as Leo, is set for sentencing in February, …
POSTED NOVEMBER 21, 2024 3:02 PM |
Two Hospitalized After Small Plane Hits Another at Pennsylvania Airport
Two people were taken to hospitals after a small plane struck an unoccupied plane at an eastern Pennsylvania airport, authorities said. Police in Bucks County’s Buckingham Township said first responders were sent to Doylestown Airport shortly before 12:30 p.m. Monday …
POSTED NOVEMBER 21, 2024 2:31 PM |
Allstate October Catastrophe Losses of $286M Include Milton, Helene
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve reestimates from Hurricane Helene primarily from …
POSTED NOVEMBER 21, 2024 2:28 PM |
Musk, Ramaswamy Will Lean on Supreme Court Rulings to Cut US Agencies
Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and …
POSTED NOVEMBER 21, 2024 1:49 PM |
Tampa Bay Rays Say New St. Pete Stadium Unlikely to Be Ready for 2028 Season
ST. PETERSBURG, Fla. (AP) — A combination of severe hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at …
POSTED NOVEMBER 21, 2024 1:38 PM |
Biden Requests Funds to Rebuild Collapsed Baltimore Bridge
President Joe Biden’s pending request for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge, which collapsed under the impact of a massive container ship that lost power and veered off course in …
POSTED NOVEMBER 21, 2024 1:11 PM |
Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why.
A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving infractions. The study’s authors accept that higher losses and …
POSTED NOVEMBER 21, 2024 12:55 PM |
Arthur J. Gallagher & Co. Acquires Chilean Broker THB Chile
Arthur J. Gallagher & Co. announced the acquisition of Santiago, Chile-based THB Chile. Terms of the transaction were not disclosed. THB Chile is a retail insurance broker providing property/casualty, life and health benefits, and reinsurance services to clients throughout Chile. …
POSTED NOVEMBER 21, 2024 12:16 PM |