Insurance
Long Island Couple Dies After Their Boat Crashes With Larger Vessel
A Long Island couple was killed after their boat collided with a larger vessel and capsized, police said Monday. Louis Deritis, 53, was operating a 27-foot (8-meter) boat at about 10:40 p.m. Sunday when it collided with a 44-foot (13-meter) …
Read More Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in California’s Homeowners Insurance Market,” provides background and recommendations …
Read More Louisiana’s Southern University to Establish New Risk Management and Insurance Degree Program
The Louisiana Department of Insurance (LDI) announced it has partnered with the Alliant Insurance Foundation, the Spencer Educational Foundation and Southern University to create a new risk management and insurance degree program at Southern University. Working in conjunction with the …
Read More Texas Manufacturer Faces $298K in Penalties for Safety Hazards Leading to Employee’s Finger Amputation
A Stafford, Texas engine component manufacturer was cited for failing to correct safety hazards that caused an employee’s finger amputation in March 2022, the U.S. Department of Labor said. Inspectors with the department’s Occupational Safety and Health Administration returned to …
Read More Nebraska Jury Awards $36 million in Disability Discrimination Case Against Trucking Carrier
An eight-person jury in Omaha, Nebraska returned a verdict of $36,075,000 in favor of the U.S. Equal Employment Opportunity Commission (EEOC) on disability discrimination claims against Drivers Management, LLC and Werner Enterprises, Inc., the federal agency announced. The jury found …
Read More People Moves: Starr Names Magee VP, Int’l Head of Financial Lines & Professional Liability; Hub Int’l Taps Hartman as EVP, Strategic Client Service Operation
Starr Insurance announced that Christopher Magee has joined Starr as vice president, international head of Financial Lines and Professional Liability, a new position focused on growing the business outside the U.S. and helping clients manage their risks around the world. …
Read More McGriff Acquires Wisconsin’s Alternate Risk Resources
McGriff announced that it has acquired Alternative Risk Resources (ARR), a Wisconsin-based commercial brokerage firm that specializes in captive insurance. The transaction expands McGriff’s presence in the captive insurance market with a firm that has been active in the industry …
Read More Nick Carter of Backstreet Boys Facing Civil Suits in Las Vegas Alleging Sexual Assault Decades Ago
Backstreet Boys singer Nick Carter has won a favorable ruling in one of two civil lawsuits filed against him in Nevada, one by a woman who alleges he raped her on his tour bus in Washington state in 2001 and …
Read More California Regulators IJ More Gas Storage Capacity at The Site of Massive Methane Leak
California regulators last week approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from their Los Angeles homes in 2015. Despite opposition …
Read More Report: Climate Change Boosts Risk of Extreme Wildfires 25%
A group of scientists used machine learning to quantify empirical relationships between temperature and the risk of extreme daily wildfire growth in California to show the influence of temperature on the risk – and they found that climate change boosts …
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