News

AerCap CEO Sees No Quick Return to Russia if Market Reopens, on Insurance Concerns

The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume …

Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured

After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines …

Prosecutor Says Golden Toilet Was Stolen From English Palace in ‘Audacious Raid’

It was not your typical smash-and-grab burglary and the booty was precious: a toilet worth more than its weight in gold. The one-of-a-kind 18-carat gold toilet was swiped in under five minutes from Blenheim Palace, the sprawling English country mansion …

IU Indianapolis Basketball Team Bus Catches Fire; Players Safe

Members of the IU Indianapolis men’s basketball team are unhurt and back home Monday, a day after their bus caught fire on Interstate 275. The school posted a message on X on Sunday that all team and staff members were …

US Will Spend Up to $1 Billion to Combat Bird Flu, USDA Says

The U.S. will invest up to $1 billion to combat the spread of bird flu, as well as increase imports of eggs in an effort to drive down high prices, agriculture secretary Brooke Rollins said on Wednesday. A three-year bird …

Maryland Woman Got $58K From USAA on Fake Water Claim. So She Tried Again

A Maryland woman pleaded guilty to defrauding USAA Insurance out of more than $58,000 in water damage claims by using faked invoices and photos. She was sentenced this week to five years in prison, but a judge suspended all but …

Statute of Limitation on Officials’ Surety Bonds Action Is 3 Years, Georgia Court Says

Surety carriers providing bonds for elected officials in Georgia this week discovered that a statute of limitations on claims litigation is only three years in some cases – not six or 20 years as one insurer had initially believed. “…Because …

Thieves Targeting Trains in California and Arizona Make off With $2M in Nikes

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of new Nike sneakers, including many that haven’t hit the retail …

Woman Injured on Harry Potter Theme Park Ride in California Awarded $7.25M

A federal jury has awarded $7.25 million to a 74-year-old Arizona woman for a spine injury she suffered in a fall while exiting the Harry Potter and the Forbidden Journey ride at Universal Studios Hollywood. Pamela Morrison was getting seated …

People Moves: The Liberty Company Names Martine VP, Producer; LP Names Santoni Director Commercial Lines

Martine Joins The Liberty Company as VP, Producer The Liberty Company named Derrick Martine vice president, producer, employee benefits in its Irvine, California, office. At Liberty, Martine consults with clients on optimizing their insurance services, assessing client needs, comparing insurance …

News Archives by Month