Monthly Archives: <span>September 2023</span>

California Commissioner Wants FAIR Plan Changes, Modeling to Improve Insurance Market Conditions

California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and public meetings exploring incorporating California-only reinsurance costs into rate filings – …

First Private US Passenger Rail Line in a Century Launches in Florida. Safety is a Concern

MIAMI (AP) — The first big test of whether privately owned high-speed passenger train service can prosper in the United States will launch Friday when Florida’s Brightline begins running trains between Miami and Orlando, reaching speeds of 125 mph (200 …

Murdaugh Pleads to Federal Charges for Skimming Settlement Funds from Clients

For the first time, Alex Murdaugh has admitted in federal court that he committed 22 counts of financial fraud and money laundering. Murdaugh, a well-known South Carolina attorney who said he was addicted to opioids, is already serving life without …

Viewpoint: Solving Systemic Risk Is the Cyber Market’s Number One Priority

The Grange Pub in Cardiff is a typical modern British tavern. A short stroll from the city centre, it’s busy most days of the week. Weekends are packed, especially for Sunday lunch. In March 2020 all that stopped. Government lockdown …

NC Family Sues Google After Man Drove off Collapsed Bridge Following Map Directions

RALEIGH, N.C. (AP) — The family of a North Carolina man who died after driving his car off a collapsed bridge while following Google Maps directions is suing the technology giant for negligence, claiming it had been informed of the …

Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet

Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis. The networking giant will pay $157 a share …

Bus Carrying School Band Members Crashes in New York, Killing 2, Injuring Dozens

Two people were killed and 40 others were injured when a bus carrying students to a band camp ran off a highway and rolled over in New York State Thursday. The governor of the state said preliminary indications are that …

T-Mobile Glitch Showed Customer Data to Wrong Account Holders

Some T-Mobile US Inc. customers logged into their accounts Wednesday to a surprise: Another subscriber’s billing and account information was being shown on their online dashboards. Subscriber data including credit card information, home addresses, phone numbers and account balance were …

Next Insurance Offering Allows Agents to Customize Small Business Quotes

Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder allows agents to micro-tailor small business quotes …

People Moves: Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative, Reinsurance Solutions; Miller Launches APAC Treaty Team

This edition of International People Moves details appointments at Aon and Miller. A summary of these new hires follows here. Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative for Reinsurance Solutions Insurance broker Aon plc named Nicola Fraccalvieri as leader …