Velocity HoldCo., LLC, the holding company for Velocity Risk Underwriters, LLC (“Velocity Risk”), a tech-enabled E&S specialty property insurance managing general agent and Velocity Claims LLC, a leading claims management service, is expanding its business to now include a rated E&S insurance carrier licensed in all 50 states.
Author: Annie George
Elon Musk Ghosts Twitter Layoff Arbitration Cases
Twitter Inc. is refusing to engage in arbitration with ex-employees who were fired when Elon Musk took over the company after pushing them to use that process to resolve claims that they weren’t paid, didn’t get promised severance, or were discriminated against, according to a lawsuit.
NOAA’s 1-in-100 Year Flooding Can Now Be Expected Every 8 Years
According to First Street Foundation, in the most extreme cases, over 20 counties in the US – home to over 1.3 million people – are expected to experience the current “1-in-100 year flood” severe event at least once every 8-10 years.
Driver Lost Control of Tanker Truck On Off Ramp Before I-95 Collapse, Federal Safety Officials Say
The driver of a tanker truck hauling gasoline lost control on a curved off-ramp on Interstate 95, causing the truck to flip and catch fire, leading to the collapse of the northbound lanes in early June, federal safety officials said Thursday in a preliminary report.
Attorneys Fined $5,000 for Use of ChatGPT that Invented Precedents
A U.S. judge sentenced two lawyers to pay a $5,000 fine for filing a court brief using the popular artificial intelligence (AI) tool ChatGPT that made up a series of non-existent legal precedents.
Curb Your AI Enthusiasm: Just Look at Insurtech as Cautionary Tale
Shares in “insurtech” startups, which look to upend traditional insurance through the use of automation, data and AI, have enjoyed a small bounce lately thanks to the mania unleashed by OpenAI’s ChatGPT. But they remain far below their levels a few years ago, when many went public.
The Big ‘I’ Issues Apology for Remarks During CEO’s Interview with Fox News Host Watters
The Big “I” issued an apology for an unfortunate interview segment that was conducted at the Big “I” Legislative Conference between president & CEO Bob Rusbuldt and Fox News host Jesse Watters in April of 2023.
Supreme Court Bans Affirmative Action in College Admissions
The Supreme Court on Thursday struck down affirmative action in college admissions, declaring race cannot be a factor and forcing institutions of higher education to look for new ways to achieve diverse student bodies.
Supreme Court Rules Web Designer Can Refuse Work on Same-Sex Wedding Announcements
The Supreme Court sided with a Colorado web designer’s claim that the First Amendment entitles her to refuse commissions for same-sex wedding announcements.
Small Pickups Fall Short When It Comes to Rear-Seat Safety
Most small pickups fall short when it comes to protecting passengers seated in the rear, the latest crash test ratings from the Insurance Institute for Highway Safety show.