California City Paying $11M to Settle Fatal Crosswalk Crash
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Description: Sacramento has paid $11 million to settle a lawsuit after a car hit a boy and killed his grandmother in 2018, one of the city’s largest such payouts. QuiChang Zhu, 72, and her grandson Jian Hao Kuang, 6, were using …
Full content: Sacramento has paid $11 million to settle a lawsuit after a car hit a boy and killed his grandmother in 2018, one of the city’s largest such payouts. QuiChang Zhu, 72, and her grandson Jian Hao Kuang, 6, were using …
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Category: West News
Date: Fri, 15 Oct 2021 19:52:37 +0000
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Texas Bill Would Make Firms Requiring COVID Vaccine Vulnerable To Lawsuits
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Description: As Gov. Greg Abbott and other Republican Texas leaders wage a war against vaccination mandates meant to curb COVID-19, a state Senate committee on Oct. 14 advanced legislation that would make any entity, including hospitals, vulnerable to discrimination lawsuits if …
Full content: As Gov. Greg Abbott and other Republican Texas leaders wage a war against vaccination mandates meant to curb COVID-19, a state Senate committee on Oct. 14 advanced legislation that would make any entity, including hospitals, vulnerable to discrimination lawsuits if …
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Category: Texas / South Central News
Date: Fri, 15 Oct 2021 16:48:27 +0000
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People Moves: Risk, Rushmore and Willis Towers
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Description: Risk Strategies Names Meder to Claims Advocacy Role Risk Strategies, a national insurance brokerage and risk management firm, announced that John Meder, of Raleigh, North Carolina, will be the new head of risk consulting and claims advocacy. Meder has more …
Full content: Risk Strategies Names Meder to Claims Advocacy Role Risk Strategies, a national insurance brokerage and risk management firm, announced that John Meder, of Raleigh, North Carolina, will be the new head of risk consulting and claims advocacy. Meder has more …
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Category: Southeast News
Date: Fri, 15 Oct 2021 16:47:51 +0000
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Texas Contractor Fined $212K in Fatal Crane Collapse
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Description: Federal workplace safety officials say a Lufkin, Texas, contractor’s failure to assemble a crane boom properly caused the crane to collapse onto a passing vehicle on Interstate 10 near Beaumont, killing the two occupants in April 2021. OSHA cited Hemphill …
Full content: Federal workplace safety officials say a Lufkin, Texas, contractor’s failure to assemble a crane boom properly caused the crane to collapse onto a passing vehicle on Interstate 10 near Beaumont, killing the two occupants in April 2021. OSHA cited Hemphill …
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Category: Texas / South Central News
Date: Fri, 15 Oct 2021 16:39:50 +0000
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Former Northeast Missouri Town Clerk Sentenced for $315K Embezzlement
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Description: The former town clerk of a small rural community in northeast Missouri was sentenced Wednesday to 18 months in federal prison and ordered to pay back $315,000 to the town. Tracey Ray, 48, pleaded guilty in June to wire fraud …
Full content: The former town clerk of a small rural community in northeast Missouri was sentenced Wednesday to 18 months in federal prison and ordered to pay back $315,000 to the town. Tracey Ray, 48, pleaded guilty in June to wire fraud …
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Category: Midwest News
Date: Fri, 15 Oct 2021 16:25:18 +0000
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North Dakota Hit with Tornados, Record Rainfall, Blanket of Snow
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Description: North Dakota residents experienced a range of weather this week, with rare October tornadoes in the southeastern part of the state, an early season snowstorm in the west and record rainfall in Bismarck. Preliminary reports indicate two tornadoes touched down …
Full content: North Dakota residents experienced a range of weather this week, with rare October tornadoes in the southeastern part of the state, an early season snowstorm in the west and record rainfall in Bismarck. Preliminary reports indicate two tornadoes touched down …
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Category: Midwest News
Date: Fri, 15 Oct 2021 16:19:43 +0000
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As Louisiana Port Rebuilds After Hurricane Ida, Loss of Wetlands Seen as Threat
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Description: On Louisiana’s south coast, in a key port servicing the U.S. offshore oil industry, a huge shipyard sits idle and in tatters. Where parts of the nine-bay terminal’s roof once hung, only a tangle of twisted metal beams is now …
Full content: On Louisiana’s south coast, in a key port servicing the U.S. offshore oil industry, a huge shipyard sits idle and in tatters. Where parts of the nine-bay terminal’s roof once hung, only a tangle of twisted metal beams is now …
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Category: Texas / South Central News
Date: Fri, 15 Oct 2021 16:12:59 +0000
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Murdaugh Charged With Taking Dead Housekeeper’s Life Insurance Settlement
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Description: Prominent South Carolina lawyer Alex Murdaugh, already accused of swindling money from his law firm and for faking his own murder, has now been charged with stealing insurance settlements meant for the sons of his late housekeeper. Murdaugh was arrested …
Full content: Prominent South Carolina lawyer Alex Murdaugh, already accused of swindling money from his law firm and for faking his own murder, has now been charged with stealing insurance settlements meant for the sons of his late housekeeper. Murdaugh was arrested …
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Category: Southeast News
Date: Fri, 15 Oct 2021 15:57:47 +0000
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RIMS CEO Roth to Retire in 2022
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Description: After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for next April. She has been chief executive officer of …
Full content: After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for next April. She has been chief executive officer of …
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Category: National News
Date: Fri, 15 Oct 2021 15:54:39 +0000
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Judge Dismisses Air Ambulance Attempt to Block Florida Reimbursement Law
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Description: Florida officials are applauding a federal court’s decision to dismiss an air ambulance company’s challenge to a 2020 law that limits insurance reimbursements for pricey helicopter and fixed-wing medical transports. “The successful dismissal of this lawsuit will ensure consumers are …
Full content: Florida officials are applauding a federal court’s decision to dismiss an air ambulance company’s challenge to a 2020 law that limits insurance reimbursements for pricey helicopter and fixed-wing medical transports. “The successful dismissal of this lawsuit will ensure consumers are …
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Category: Southeast News
Date: Fri, 15 Oct 2021 15:37:26 +0000
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Washington City Paying $515K Settlement in Police Shooting
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Description: The city of Seattle has agreed to pay $515,000 to settle a civil-rights lawsuit filed by the estate of Iosia Faletogo, who was shot and killed by police after a foot chase across Aurora Avenue North on New Year’s Eve …
Full content: The city of Seattle has agreed to pay $515,000 to settle a civil-rights lawsuit filed by the estate of Iosia Faletogo, who was shot and killed by police after a foot chase across Aurora Avenue North on New Year’s Eve …
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Category: West News
Date: Fri, 15 Oct 2021 14:35:08 +0000
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Wildfire Destroys School in Small Eastern Washington Town
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Description: A fire has destroyed a school in an eastern Washington town. Lincoln County Sheriff Wade Magers said the fire at Almira Elementary and Middle School started around 4:30 p.m. Tuesday. Classes and after school activities had been canceled because of …
Full content: A fire has destroyed a school in an eastern Washington town. Lincoln County Sheriff Wade Magers said the fire at Almira Elementary and Middle School started around 4:30 p.m. Tuesday. Classes and after school activities had been canceled because of …
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Category: West News
Date: Fri, 15 Oct 2021 14:32:36 +0000
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California Highway Reopens, Wildfire Still Threatens Homes
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Description: A key Southern California highway closed for days because of a wildfire was reopened Thursday evening but authorities warned that flames still posed a threat to remote properties in a coastal mountain range. The Alisal Fire has charred more than …
Full content: A key Southern California highway closed for days because of a wildfire was reopened Thursday evening but authorities warned that flames still posed a threat to remote properties in a coastal mountain range. The Alisal Fire has charred more than …
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Category: West News
Date: Fri, 15 Oct 2021 14:30:16 +0000
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Mosaic Insurance Opens First U.S.-Based Office Location in New York City
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Description: Mosaic Insurance has opened an office in New York City. This is its first U.S.-based physical address for a growing number of employees. The Midtown South office, which will accommodate members of Mosaic’s cyber and transactional liability lines, along with …
Full content: Mosaic Insurance has opened an office in New York City. This is its first U.S.-based physical address for a growing number of employees. The Midtown South office, which will accommodate members of Mosaic’s cyber and transactional liability lines, along with …
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Category: East News
Date: Fri, 15 Oct 2021 14:17:09 +0000
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Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows
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Description: Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers …
Full content: Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers …
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Category: National News
Date: Fri, 15 Oct 2021 14:14:09 +0000
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Safety Regulator Questions Tesla on No Recall With Autopilot Update
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Description: U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway …
Full content: U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway …
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Category: National News
Date: Fri, 15 Oct 2021 13:58:56 +0000
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Maine to Seek ‘Forever Chemical’ Contamination at Many Sites
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Description: Environmental regulators in Maine will soon undertake a statewide investigation to find concentrations of long-lasting environmental pollutants. The investigation stems from the state’s efforts to mitigate a class of chemicals known as PFAS, which are also called “forever chemicals.” The …
Full content: Environmental regulators in Maine will soon undertake a statewide investigation to find concentrations of long-lasting environmental pollutants. The investigation stems from the state’s efforts to mitigate a class of chemicals known as PFAS, which are also called “forever chemicals.” The …
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Category: East News
Date: Fri, 15 Oct 2021 13:43:53 +0000
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Massachusetts Alleges Improper Asbestos Removal, Disposal in Salem
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Description: The former owners of a Salem property recklessly cut corners that probably led to the release of asbestos during demolition at the site, the state attorney general’s office said in a lawsuit. The office alleges in the suit, filed this …
Full content: The former owners of a Salem property recklessly cut corners that probably led to the release of asbestos during demolition at the site, the state attorney general’s office said in a lawsuit. The office alleges in the suit, filed this …
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Category: East News
Date: Fri, 15 Oct 2021 13:25:48 +0000
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People Moves: Aon Names WTW’s Forsgård as CEO, Nordic Region; Marshmallow Hires Gillard as Chief People Officer; Sedgwick Appoints Norman for Biz Development
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Description: This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of these new hires follows here. Aon Appoints WTW’s Forsgård as CEO for Nordic Region Insurance broker Aon plc announced the …
Full content: This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of these new hires follows here. Aon Appoints WTW’s Forsgård as CEO for Nordic Region Insurance broker Aon plc announced the …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 08:37:40 +0000
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Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P
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Description: For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget expectations, but their very strong capital adequacy continues to provide a cushion, according to S&P Global Ratings. “The top 21 …
Full content: For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget expectations, but their very strong capital adequacy continues to provide a cushion, according to S&P Global Ratings. “The top 21 …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 07:33:44 +0000
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Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses
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Description: Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full quarterly earnings to be released on Oct. 27, 2021, Everest is estimating total Q3 pre-tax net catastrophe losses of $635 …
Full content: Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full quarterly earnings to be released on Oct. 27, 2021, Everest is estimating total Q3 pre-tax net catastrophe losses of $635 …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 06:39:30 +0000
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Corporate Climate Risk Disclosures Still Falling Short, Regulators Say
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Description: Around half of companies assessed have begun to apply globally agreed climate-related disclosure standards for helping investors to pick firms committed to sustainability, regulators said on Thursday. A task force set up by the Financial Stability Board – which groups …
Full content: Around half of companies assessed have begun to apply globally agreed climate-related disclosure standards for helping investors to pick firms committed to sustainability, regulators said on Thursday. A task force set up by the Financial Stability Board – which groups …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 06:00:24 +0000
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Australia’s Regulator Sues Unit of IAG for Failing to Honor Promised Discounts
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Description: Australia’s corporate regulator commenced civil proceedings against a unit of Insurance Australia Group on Friday, for failing to pass on discounts worth A$60 million ($44.51 million) to nearly 600,000 customers. The Australian Securities and Investments Commission (ASIC) alleged that Insurance …
Full content: Australia’s corporate regulator commenced civil proceedings against a unit of Insurance Australia Group on Friday, for failing to pass on discounts worth A$60 million ($44.51 million) to nearly 600,000 customers. The Australian Securities and Investments Commission (ASIC) alleged that Insurance …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 06:00:24 +0000
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MGAs Can Build Broker Relationships – Even in a Hard Market: Aston Lark’s CEO
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Description: How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO of the Goldman Sachs-owned consolidator broking group, Aston …
Full content: How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO of the Goldman Sachs-owned consolidator broking group, Aston …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 05:45:37 +0000
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France’s AXA to Invest €1.5B to Fight Deforestation, Preserve Biodiversity
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Description: French insurer AXA said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve biodiversity. The announcement comes a day after more than 100 countries …
Full content: French insurer AXA said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve biodiversity. The announcement comes a day after more than 100 countries …
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Category: International & Reinsurance News
Date: Fri, 15 Oct 2021 05:45:14 +0000
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Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K
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Description: For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use of fall protection. On April …
Full content: For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use of fall protection. On April …
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Category: Midwest News
Date: Fri, 15 Oct 2021 05:24:52 +0000
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Johnson & Johnson Places Talcum Liabilities Into Bankruptcy
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Description: Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary. J&J put the talc claims into an …
Full content: Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary. J&J put the talc claims into an …
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Category: National News
Date: Fri, 15 Oct 2021 05:00:49 +0000
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Lawsuit Seeks SEC Enforcement of Proxy Adviser Restrictions
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Description: The National Association of Manufacturers (NAM), a business group, sued the U.S. securities regulator on Wednesday for refusing to enforce a Trump-era rule reining-in companies that advise investors on how to vote in corporate elections. Last year, the Securities and …
Full content: The National Association of Manufacturers (NAM), a business group, sued the U.S. securities regulator on Wednesday for refusing to enforce a Trump-era rule reining-in companies that advise investors on how to vote in corporate elections. Last year, the Securities and …
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Category: National News
Date: Fri, 15 Oct 2021 05:00:03 +0000
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California FAIR Plan to Appeal of Court’s Ruling on Expanded Coverage
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Description: The California FAIR Plan Association (FAIR Plan) says it will appeal a ruling by the Los Angeles Superior Court the association believes will lead to unnecessary rate increases for all FAIR Plan policyholders and unnecessarily expand the role of the …
Full content: The California FAIR Plan Association (FAIR Plan) says it will appeal a ruling by the Los Angeles Superior Court the association believes will lead to unnecessary rate increases for all FAIR Plan policyholders and unnecessarily expand the role of the …
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Category: West News
Date: Thu, 14 Oct 2021 23:31:17 +0000
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After Surfside, Task Force Calls for Sweeping Changes in Condo Law
Author: William Rabb
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Description: Four months after the collapse of a 12-story South Florida condominium building left 98 people dead, a Florida Bar task force has recommended major changes in how condo associations operate, including a requirement to maintain larger cash reserves for repairs …
Full content: Four months after the collapse of a 12-story South Florida condominium building left 98 people dead, a Florida Bar task force has recommended major changes in how condo associations operate, including a requirement to maintain larger cash reserves for repairs …
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Category: Southeast News
Date: Thu, 14 Oct 2021 19:16:31 +0000
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