Staff Member Dies After Being Kicked at Residential School
A staff member at a residential school in Massachusetts died after being kicked in the chest while trying to restrain a 14-year-old student, and the girl is charged with assault, a prosecutor said. The incident happened last Wednesday night at …
POSTED OCTOBER 27, 2025 3:41 PM |
NHTSA to Expand Probe Into 286,000 GM Vehicles Over Possible Engine Failure
The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the …
POSTED OCTOBER 27, 2025 3:33 PM |
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations
U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said Oct. …
POSTED OCTOBER 27, 2025 2:57 PM |
St. John’s University and ACORD Partner On Executive Education Programs
New York City’s St. John’s University is partnering with ACORD, the standards-setting body for the insurance industry, to offer virtual or in-person learning to employees of organizations that are members of ACORD. Programs focus on insurance fundamentals, professional skills, and …
POSTED OCTOBER 27, 2025 2:45 PM |
JPMorgan Chase Fights Paying $115M Legal Tab for Convicted Fraudsters
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, …
POSTED OCTOBER 27, 2025 2:23 PM |
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which …
POSTED OCTOBER 27, 2025 2:17 PM |
People Moves: Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty; Re/Insurer IQUW Bermuda Names Guy Carpenter’s Mitchell as CUO
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and IQUW Bermuda. A summary of these new hires follows here. Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty Liberty Mutual Reinsurance (LM …
POSTED OCTOBER 27, 2025 2:11 PM |
After $7M in Local Incentives, Alfa Launches Renovation of New HQ in Montgomery
Alfa Insurance is moving into new headquarters in Montgomery, Alabama. But first, the space has to be renovated, the insurer said in news release last week. Alfa, one of the largest property insurers in Alabama, and its sister organization, the …
POSTED OCTOBER 27, 2025 1:53 PM |
ExxonMobil Sues California, Claims New Green Laws Violate Speech
ExxonMobil Corp. has sued California, arguing that two new state laws violate the First Amendment by trying to force it to agree to a certain climate viewpoint, and conflict with federal regulations. The lawsuit, filed Friday, alleges that the two …
POSTED OCTOBER 27, 2025 1:28 PM |
Alabama DOI Requiring Use of SLIP+ Platform for Surplus Lines Reporting
Alabama has become the seventh state to adopt the “SLIP+ for States” reporting and payment platform for surplus lines data and taxes, starting in 2025. Surplus lines brokers who already have a SLIP+ login do not need to register for …
POSTED OCTOBER 27, 2025 1:20 PM |
Suspects in Louvre Heist in Custody After Week-Long Manhunt
French authorities have arrested several suspects after a frantic manhunt for the men who staged a spectacular daytime heist at the Louvre museum that gripped the world and embarrassed the government in Paris. The Paris prosecutor’s office confirmed the arrests …
POSTED OCTOBER 27, 2025 10:02 AM |
Update: Hurricane Melissa Churns Toward Jamaica as Category 5 Storm
Hurricane Melissa plowed toward Jamaica as a powerful Category 5 storm, threatening to bring widespread destruction to the island. Melissa’s top winds reached 160 miles (257 kilometers) per hour, the US National Hurricane Center said in an advisory at 8 …
POSTED OCTOBER 27, 2025 9:15 AM |
HSBC to Take $1.1 Billion Hit After Luxembourg Court Ruling in Madoff Case
HSBC Holdings said on Monday it would book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme, history’s biggest ever such fraud. HSBC acted as …
POSTED OCTOBER 27, 2025 8:09 AM |
HK Startup Aims to Launch Satellites for 3D Wind Data, SCMP Says
Hong Kong startup Stellerus aims to create a constellation of satellites to become the world’s first provider of three-dimensional wind data provided by the devices, according to the South China Morning Post. Stellerus, founded in 2023 by Hong Kong University …
POSTED OCTOBER 27, 2025 7:35 AM |
AM Best Revises Outlooks to Stable for Members of Illinois’ Pekin Insurance Group
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of The Farmers Automobile Insurance Association, its wholly owned …
POSTED OCTOBER 27, 2025 7:00 AM |
Hacking Lab Boss Charged With Seeking to Sell Secrets
A director at a company that sells computer vulnerabilities has been charged with stealing secrets to sell to an unspecified buyer in Russia, according to a court document and people familiar with the matter. Peter Williams was accused of stealing …
POSTED OCTOBER 27, 2025 5:06 AM |
Consumers Seek $2.36B From Google After Privacy Verdict
U.S. Google users who won a $425 million jury verdict in a consumer privacy class action last month have asked a federal judge to force the Alphabet unit to forfeit an additional $2.36 billion in profits. The consumers in an …
POSTED OCTOBER 27, 2025 5:03 AM |
Florida’s Universal P&C Reports Strong Profits, Policy Growth for Q3
Universal Insurance Holdings, parent company of Florida’s third-largest property insurer, reported an improved bottom line for the third quarter this year, even with a steady increase in policies in recent months. After shedding more than 160,000 policies in the turbulent …
POSTED OCTOBER 27, 2025 5:02 AM |
Plan to Sell Golf Course Built on Slave Graves Sparks Outrage in Florida’s Capital City
A dark history long buried under the towering live oak trees and manicured lawns of a country club in Florida’s capital city of Tallahassee is reviving painful memories of the community’s segregated past and fueling some residents’ calls for a …
POSTED OCTOBER 27, 2025 5:01 AM |
Employee Accused of Stealing 47 Vehicles From Car Rental Site at Airport
An employee allegedly stole 47 vehicles from an Avis Budget site at an upstate New York airport and rented them out around the region, police said Friday. The car rental company reported to authorities that the vehicles, worth more than …
POSTED OCTOBER 27, 2025 5:00 AM |
California Commissioner Asks Insurers for Policyholder Relief During Shutdown
California Insurance Commissioner Ricardo Lara issued a formal notice asking insurance companies to implement protective measures, including a moratorium on cancellations, for policyholders who may be impacted by the federal government shutdown. According to the California Department of Insurance, the …
POSTED OCTOBER 27, 2025 5:00 AM |
People Moves: Cowbell Names Klipphahn and Hewerdine to Mid-Market and Claims Leadership; Alliant Human Capital Names Steinhoff as First VP
Cowbell Names Klipphahn and Hewerdine to Mid-Market and Claims Leadership Cowbell named Jessica Klipphahn head of North America mid-market and Stephanie Hewerdine as director of claims. Klipphahn has more than 15 years of experience in the insurance industry, most recently …
POSTED OCTOBER 27, 2025 5:00 AM |
Trump Denies Disaster Declarations Maryland, Vermont and Illinois
President Donald Trump approved major disaster declarations for Alaska, Nebraska, North Dakota and the Leech Lake Band of Ojibwe last week, while denying requests from Vermont, Illinois and Maryland and leaving other states still waiting for answers. The decisions fell …
POSTED OCTOBER 27, 2025 5:00 AM |
Intruders Release Mink From Iowa Farm in What Trade Group Calls ‘Terrorist Act’
One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law. Sometime between last Monday night and Tuesday morning, fencing was cut …
POSTED OCTOBER 27, 2025 4:23 AM |
South Dakota Company Recalls Pork Jerky That May Contain Metal Wire
A South Dakota company is recalling more than 2.2 million pounds (998,000 kilograms) of Korean barbecue pork jerky sold at Costco and Sam’s Club stores because the product may be contaminated with pieces of metal, federal health officials said Friday. …
POSTED OCTOBER 27, 2025 4:20 AM |