North Carolina Police Report Rise in Gun Thefts from Cars

A North Carolina police department says it’s concerned about a sharp increase in the number of firearms stolen from vehicles. The Charlotte-Mecklenburg Police Department told a news conference last week that it’s seen an increase of nearly 20% in the …

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FEMA Officials Arrested on Fraud Charges Linked to Puerto Rico Hurricane Maria Aid

Federal Emergency Management Agency officials who oversaw the reconstruction of Puerto Rico’s electrical grid and the former president of Cobra Acquisitions were arrested on fraud and conspiracy charges linked to recovery efforts from Hurricane Maria, according to federal prosecutors. FEMA’s …

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Insurance Linked Securities in 2019: Asking the Right Questions

The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is hardly surprising, it is notable …

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NCCI Proposes 5.4% Decrease in Florida Workers’ Comp Rates

Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators. Carrier results continue to be favorable in the segment thanks to many …

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Officials: Half of Texas Local Governments Hit by Ransomware Have Recovered

Texas authorities say they aren’t aware of any money paid to hackers who used ransomware to target more than 20 communities last month. The Texas Department of Information Resources said in a statement that more than half of the local …

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3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures

Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this year, aiming to create something new and different for their clients. First, well-known industry veterans Stephen Catlin and Paul Brand, …

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Oregon Pot Racketeering Lawsuit Allowed to Proceed

A judge has ruled that a racketeering lawsuit brought by a vineyard against a neighboring marijuana operation can go forward despite attempts to have it dismissed – a ruling that could increase the odds for vineyards and other agricultural businesses …

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