July 2024 – Ben Few & Company, Inc.

Insurance Journal | July 31, 2024

CrowdStrike Is Sued by Shareholders Over Huge Software Outage

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed …

Insurance Journal | July 31, 2024

AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%

The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG). The deconsolidation and divestitures from last year affected AIG’s general insurance underwriting income, …

Insurance Journal | July 31, 2024

Report: 1Q 2024 California Workers’ Comp Written Premium 3% Lower Than Year Ago

Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …

Insurance Journal | July 31, 2024

Landslides in Southern India Kill at Least 93 With Many More Trapped

NEW DELHI (AP) — Multiple landslides in southern India have killed 93 people and many others are feared trapped under the debris, officials said Tuesday, after torrential rains triggered torrents of mud and water that swept through tea estates and …

Insurance Journal | July 30, 2024

Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …

Insurance Journal | July 30, 2024

Vermont Again Dealing With Floodwaters

Northern Vermont today is dealing with flash floods and washed-out roads after a night and early morning of extreme rainfall. Parts of Caledonia county and the Northeast Kingdom received 6-8 inches of rain last night and saw considerable catastrophic flash …

Insurance Journal | July 30, 2024

Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics

Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics. … …

Insurance Journal | July 30, 2024

US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products

Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday. The CPSC said it has issued …

Insurance Journal | July 30, 2024

Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store

U.S. health officials last Friday announced a recall of some Boar’s Head liverwurst and deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co. recalled liverwurst because …

Insurance Journal | July 30, 2024

South Alabama Woman Charged With 11 Counts of Insurance Fraud

An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports. …

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