» Report Claims ‘Utter Chaos’ Including Drunk Deputies During Search for Maine Gunman
27/05/24 00:00 from Insurance Journal
The search for the gunman behind last October’s mass shooting in Maine was marked by “utter chaos,” including one group of deputies who had been drinking nearly crashing their armored vehicle and others showing up in civilian clothes who could …

» Roofing Contractor to Contest OSHA Citations After Employee’s Fatal Fall
27/05/24 00:00 from Insurance Journal
The Occupational Safety and Health Administration (OSHA) has determined that a Massachusetts roofing contractor again violated federal regulations for fall protections, following an investigation into how an employee fell about 27 feet and was killed. The accident occurred as workers …

» Caterpillar to Pay $800K Over Systemic Hiring Discrimination at Illinois Plant
24/05/24 11:25 from Insurance Journal
Heavy equipment company Caterpillar has agreed to pay $800,000 to resolve allegations of systemic hiring discrimination against Black applicants at an Illinois plant, the U.S. Labor Department said on Tuesday. The money will cover back wages and interest to affected …

» Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market
24/05/24 10:08 from Insurance Journal
Data fraud, questionable accounting practices and intensified catastrophes are just some of the issues that have battered the voluntary carbon market. Those misfortunes have helped spur a new line of business: Insurance policies designed to de-risk credits that polluters buy …

» California Advances Legislation Cracking Down on Auto Theft, Stolen Goods Resellers
24/05/24 08:41 from Insurance Journal
The California Senate approved a bipartisan package of 15 bills this that would increase penalties for organized crime rings, expand drug court programs and close a legal loophole to make it easier to prosecute auto thefts. One proposal would require …

» Contamination Fears Stoked by Water Leak at German Nuclear Site
24/05/24 07:33 from Insurance Journal
Water is leaking into an underground nuclear waste facility in Germany creating fears about toxic contamination of groundwater and highlighting the legacy that the shuttered nuclear industry has left behind. The operator of the storage site says that salt water …

» People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President
24/05/24 06:33 from Insurance Journal
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights. BHSI Names Riley to Lead Casualty Business in Canada as DeSouza Retires Berkshire Hathaway Specialty Insurance (BHSI) announced the promotion …

» A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
24/05/24 05:50 from Insurance Journal
Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report, the rating agency said “MGAs provide a cost-effective …

» Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
24/05/24 05:21 from Insurance Journal
Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and recruitment. The strategy, announced by Treasury Board President Anita Anand, concluded …

» Airbus Tests Electric Truck With Airliner Cockpit to Study Safer Taxiing
24/05/24 04:54 from Insurance Journal
Airbus is showing off an unusual vehicle – a truck fitted with basic A350 airliner controls – that it hopes can demonstrate how automated taxiing will make airports safer as concern grows over a spate of jetliners colliding on the …

» Singapore’s Income Insurance Weighs Partnerships or Stake Sale for APAC Expansion
24/05/24 04:04 from Insurance Journal
Singapore’s Income Insurance Ltd. is exploring options as it looks to expand across the Asia Pacific region, including possibly tying up with a partner or selling a stake, according to people familiar with the matter. While Income Insurance has received …

» Bayer Plans Renewed Push for Legal Shield Against Cancer-Related Lawsuits
24/05/24 04:00 from Insurance Journal
JEFFERSON CITY, Mo. (AP) — After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts to create a legal shield against a proliferation of lawsuits alleging it failed to warn …

» Allianz Is Lead Insurer for Singapore Airlines Incident: Sources
24/05/24 02:55 from Insurance Journal
Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The sources familiar …

» City of London Is Relaxed About the Prospect of a Labour Election Win
24/05/24 02:37 from Insurance Journal
In the City of London, executives are looking forward to the imminent general election as a chance for clarity after a turbulent few years. Matthew Beesley, chief executive officer at Jupiter Fund Management Plc, said markets are not afraid of …

» People Moves: World Insurance Names Woosley Head of National Practice Groups; Former Ascot Re CEO Berger Joins Coaction Board
24/05/24 01:10 from Insurance Journal
World Insurance Associates Names Woosley EVP, Head of National Practice Groups World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Thaddeus Woosley as executive vice president and head of national practice groups. Woosley is based in Chicago. Woosley’s background …

» Shipping Companies Fined $2M for Dumping Oil in Atlantic Ocean
24/05/24 01:01 from Insurance Journal
NEW ORLEANS (AP) — Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans last year. The …

» Iowa Wind Farm Hit by Tornado, Resulting in Rare Destruction of Turbines
24/05/24 00:51 from Insurance Journal
OKLAHOMA CITY (AP) — A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive, power-producing towers, including one that burst into flames. But experts say fortunately such incidents are rare. …

» Arkansas Steakhouse Cleared in Lawsuit Over Social-Distancing Brawl
24/05/24 00:50 from Insurance Journal
LITTLE ROCK, Ark. (AP) — A jury has ruled against a Black couple who sued a Little Rock steakhouse over a fight the couple had with white customers who weren’t wearing masks and stood too close during the COVID-19 pandemic. …

» Zantac Not a Cause of Woman’s Cancer, Jury Says in First Trial Over Drug
24/05/24 00:10 from Insurance Journal
A jury in Chicago on Thursday rejected an Illinois woman’s claim that the now discontinued heartburn drug Zantac caused her colon cancer, in the first trial out of thousands of lawsuits making similar allegations. The jury in Cook County, Illinois …

» Boeing Faces ‘Long Road’ on Safety Issues, FAA Says
24/05/24 00:05 from Insurance Journal
U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave …

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