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Markets/Coverages: Inigo Provides Excess DIC/DIL Cover on Financial Fraud Policies
Inigo Ltd., the Lloyd’s specialty insurer, has launched a product that provides top-up cover on financial fraud policies. The product, called Inigo Crime Excess, is an excess DIC/DIL (difference in conditions and difference in limits) policy designed to sit excess …
POSTED AUGUST 19, 2025 10:52 AM |
Mumbai Drenched by More Rain as Highest Alert Issued for City
Mumbai is facing more heavy rain after a deluge that’s delayed flights, disrupted train services and closed schools, with India’s weather agency issuing its highest warning for the financial hub. Intense rain spells and wind gusts as high as 65 …
POSTED AUGUST 19, 2025 9:38 AM |
North Carolina Man Charged With More Than $1M in Travel Insurance Fraud
Investigators with the North Carolina Department of Insurance last week charged a man with swindling almost $1 million and attempting to gain another $887,500 from travel insurance companies from 2020 to 2024. Michael Gerard Renna, 50, of Clayton, near Raleigh, …
POSTED AUGUST 19, 2025 5:01 AM |
Newsmax Settles Dominion Defamation Case for $67M; Says It Couldn’t Get Fair Trial
Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. …
POSTED AUGUST 19, 2025 5:00 AM |
Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.
For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village …
POSTED AUGUST 19, 2025 5:00 AM |
$3.75M to Estate of Unarmed Man Fatally Shot by Oregon Police
The city of Portland, Oregon, is set to pay $3.75 million to the estate of an unarmed man who was shot and killed by police in 2022 after being mistaken for an armed robbery suspect. The city settled with Immanueal …
POSTED AUGUST 19, 2025 5:00 AM |
Judge Strikes Down Trump Guidance Against DEI at Schools and Colleges
A federal judge last Thursday struck down two Trump administration actions aimed at eliminating diversity, equity and inclusion programs at the nation’s schools and universities. In her ruling, U.S. District Judge Stephanie Gallagher in Maryland found that the Education Department …
POSTED AUGUST 19, 2025 5:00 AM |
Coastal Communities Restoring Natural Defenses Against Storm Surges, Rising Seas
In San Francisco Bay, salt ponds created more than a century ago are reverting to marshland. Along the New York and New Jersey coasts, beaches ravaged by Superstorm Sandy underwent extensive restoration. In Alabama, a rebuilt spit of land is …
POSTED AUGUST 19, 2025 5:00 AM |
Studies Tie Unrecognized Deaths, Health Problems to Hawaii And LA Wildfires
The toll of wildfires is usually counted in acres burnt, property destroyed and lives lost to smoke and flames. But three new studies suggest the cost to human health from the Maui and Los Angeles wildfires was substantially higher. Two …
POSTED AUGUST 19, 2025 5:00 AM |
Rockford Mutual Launches Commercial Insurance Offerings in Michigan
Rockford Mutual announced the official launch of their suite of commercial insurance products in the state of Michigan, effective August 18, 2025 This strategic expansion includes Businessowners Policies (BOP), Commercial Package Policies (CPP), and Commercial Umbrella coverage, designed to meet …
POSTED AUGUST 18, 2025 4:53 PM |
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