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Insurance News & Reinsurance News


Find here the latest insurance industry news from around the world. The news is updaily almost hourly.

Insurance News Update

NFP Names Wadsworth Vice President for Corporate Benefits in Utah
NFP has named Clint Wadsworth vice president for corporate benefits. Wadsworth has been assigned to oversee and help lead the corporate benefits strategy within NFP’s existing large employer segment. Wadsworth will help support NFP’s relationships in the Utah Market. Wadsworth …
Lawmaker Sues Oklahoma Private Investigation Firm in Spying Case
An Oklahoma lawmaker who found a tracking device attached to his pickup truck last month is suing a private investigation company and an investigator who works for the company over the device. Discovery of the tracking device has shocked Oklahoma …
Man Charged with Generator Fraud in Connecticut after Superstorm Sandy
An Oregon man has been charged with stealing deposits Connecticut homeowners had made for generators after Superstorm Sandy. The Stamford Advocate reports that 56-year-old John Mech, of Seaside, Oregon, took a $7,500 deposit from a Stamford, Conn., homeowner for a …
Homes Destroyed, Power Outages in Texas Storm
Heavy thunderstorms produced hail and possible tornadoes in northeast Texas on Sunday night, with the communities of DeKalb and Winnsboro hardest hit, according to the Insurance Council of Texas. In DeKalb, a possible tornado struck the city’s south side causing …
Women More Likely Than Men to Lose U.S. Jobs by Automation: WEF Report
Women are more likely than men to be knocked out of their U.S. jobs by automation in the next eight years, and they’ll find half as many opportunities to land new positions unless there’s a new effort to retrain them. …
New Mexico School District Settles Suit for $800K with Former Employee
Albuquerque Public Schools in New Mexico will pay $800,000 to its former chief financial officer to settle a whistleblower lawsuit that claimed the former superintendent placed him on paid leave for questioning district audits. The Albuquerque Journal reports Don Moya …
More than 3K Broken Pipe Insurance Claims Expected in Texas After Deep Freeze
Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders with broken water pipes. The majority …
Louisiana Man Pleads Guilty in Deepwater Horizon Compensation Fund Fraud
An Empire, Louisiana, man has pleaded guilty to defrauding the BP Deepwater Horizon oil rig explosion settlement compensation fund, the U.S. Attorney’s Office for the Eastern District of Louisiana announced. U.S. Attorney Duane A. Evans said Tony Riley, age 49, …
Alliant Adds Aon?s Cafferelli in Arizona
Alliant Insurance Services Inc. has named Joe Cafferelli executive vice president. Cafferelli will be based in Phoenix, Ariz., and he will provide insurance and risk management solutions to clients throughout the region. Cafferelli has experience designing property/casualty insurance solutions for …
$2M in Liability Insurance Required for White Nationalist Speech at Michigan State
Michigan State University has agreed to allow white nationalist Richard Spencer to speak on campus during spring break. The deal says Spencer can appear on March 5, but he’ll be at the livestock pavilion auditorium, away from the heart of …

Reinsurance News Update

$2M in Liability Insurance Required for White Nationalist Speech at Michigan State
Michigan State University has agreed to allow white nationalist Richard Spencer to speak on campus during spring break. The deal says Spencer can appear on March 5, but he’ll be at the livestock pavilion auditorium, away from the heart of …
NFP Names Wadsworth Vice President for Corporate Benefits in Utah
NFP has named Clint Wadsworth vice president for corporate benefits. Wadsworth has been assigned to oversee and help lead the corporate benefits strategy within NFP’s existing large employer segment. Wadsworth will help support NFP’s relationships in the Utah Market. Wadsworth …
New Mexico School District Settles Suit for $800K with Former Employee
Albuquerque Public Schools in New Mexico will pay $800,000 to its former chief financial officer to settle a whistleblower lawsuit that claimed the former superintendent placed him on paid leave for questioning district audits. The Albuquerque Journal reports Don Moya …
Man Charged with Generator Fraud in Connecticut after Superstorm Sandy
An Oregon man has been charged with stealing deposits Connecticut homeowners had made for generators after Superstorm Sandy. The Stamford Advocate reports that 56-year-old John Mech, of Seaside, Oregon, took a $7,500 deposit from a Stamford, Conn., homeowner for a …
Alliant Adds Aon?s Cafferelli in Arizona
Alliant Insurance Services Inc. has named Joe Cafferelli executive vice president. Cafferelli will be based in Phoenix, Ariz., and he will provide insurance and risk management solutions to clients throughout the region. Cafferelli has experience designing property/casualty insurance solutions for …
Louisiana Man Pleads Guilty in Deepwater Horizon Compensation Fund Fraud
An Empire, Louisiana, man has pleaded guilty to defrauding the BP Deepwater Horizon oil rig explosion settlement compensation fund, the U.S. Attorney’s Office for the Eastern District of Louisiana announced. U.S. Attorney Duane A. Evans said Tony Riley, age 49, …
More than 3K Broken Pipe Insurance Claims Expected in Texas After Deep Freeze
Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders with broken water pipes. The majority …
Women More Likely Than Men to Lose U.S. Jobs by Automation: WEF Report
Women are more likely than men to be knocked out of their U.S. jobs by automation in the next eight years, and they’ll find half as many opportunities to land new positions unless there’s a new effort to retrain them. …
Homes Destroyed, Power Outages in Texas Storm
Heavy thunderstorms produced hail and possible tornadoes in northeast Texas on Sunday night, with the communities of DeKalb and Winnsboro hardest hit, according to the Insurance Council of Texas. In DeKalb, a possible tornado struck the city’s south side causing …
Lawmaker Sues Oklahoma Private Investigation Firm in Spying Case
An Oklahoma lawmaker who found a tracking device attached to his pickup truck last month is suing a private investigation company and an investigator who works for the company over the device. Discovery of the tracking device has shocked Oklahoma …

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