Today's Insurance News

Automatic updating insurance news with the latest trends and ideas in the insurance industry.

Texas DWC Proposes Amendments Concerning Claims for Death Benefits
Posted on Friday September 22, 2023

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is proposing amendments to Texas Administrative Code concerning claims for death benefits. The amendments and new section allow eligible beneficiaries to file claims for death benefits with DWC or an …

Family Accuses Texas School District of Violating Anti-Discrimination Law with Dreadlocks Suspension
Posted on Friday September 22, 2023

HOUSTON (AP) – The debate over whether a Black high school student in Texas should be serving in-school suspension for wearing twisted dreadlocks to class intensified this week as the student’s family and his school district both took legal action. …

Former Minnesota Insurance Broker Charged with Fraud, Allegedly Earned $650,000 in Improper Commissions
Posted on Friday September 22, 2023

A former Minnesota insurance broker has been charged with fraud for allegedly inventing customers and fake Social Security numbers to earn nearly $650,000 in improper commissions. Kevin Anthony Meyers, 48, allegedly submitted hundreds of policy applications from fictitious customers while …

Indiana Workplace Officials Investigate Death of Man Injured While Working on Machine at Evansville Plant
Posted on Friday September 22, 2023

EVANSVILLE, Ind. (AP) – Workplace safety officials are investigating the death of a southwestern Indiana man this week after he was injured at an Evansville plant. Christopher L. Payton, 59, died Monday after he suffered injuries “while working on a …

Railroads Work to Make Sure First Responders Can Quickly Look Up What is on a Train After a Derailment
Posted on Friday September 22, 2023

OMAHA, Neb. (AP) – In the chaos after a Norfolk Southern train careened off the tracks and caught fire in eastern Ohio in February, it took roughly 45 minutes for firefighters to learn exactly which chemicals were involved. Now the …

FTX Sues Sam Bankman-Fried’s Parents to Claw Back Funds
Posted on Friday September 22, 2023

The managers of bankrupt crypto exchange FTX sued the parents of co-founder and former Chief Executive Officer Sam Bankman-Fried to “recover millions of dollars in fraudulently transferred and misappropriated funds.” Allan Joseph Bankman and Barbara Fried allegedly exploited their access …

Two Killed When Pickup Hits Amish Buggy in Upstate New York
Posted on Friday September 22, 2023

ALEXANDRIA, N.Y. (AP) — A pickup truck struck the back of an Amish buggy in northern New York, killing two children who were 1 and 3 years old and injuring four others, police said Thursday. A pickup truck driven by …

Storm Could Bring Winds, Storm Surge to Carolina, Virginia
Posted on Friday September 22, 2023

A potential tropical storm, so far unnamed, was predicted to make landfill in North Carolina Saturday, then push across eastern Virginia and Maryland by Sunday. The storm was off the coast of South Carolina and North Carolina with top sustained …

California Commissioner Wants FAIR Plan Changes, Modeling to Improve Insurance Market Conditions
Posted on Friday September 22, 2023

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
Posted on Friday September 22, 2023

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
Posted on Friday September 22, 2023

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
Posted on Friday September 22, 2023

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
Posted on Friday September 22, 2023

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
Posted on Friday September 22, 2023

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
Posted on Friday September 22, 2023

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 …