Insurance
Atlanta ‘Cop City’ Activists Question Police Evidence
When police stormed an Atlanta-area music festival two days after a rainstorm, they were looking for suspects wearing muddy clothing. Authorities moved in on the South River Music Festival on the evening of March 5, over an hour after more …
Read More Coal Miner Killed in West Virginia, Second Fatality This Year in the State
A coal miner died Wednesday in an accident at a northern West Virginia mine, Gov. Jim Justice said. Cecil Barker, 62, of Philippi, was working as a surveyor at Century Mining’s Longview Mine in Barbour County. Two other surveyors were …
Read More 6 Workers Killed in Work Zone Crash on Baltimore Beltway
Six people were killed when a passenger vehicle pulled into a work zone along the Baltimore beltway and struck construction workers there, Maryland State Police said Wednesday. Troopers responded to the work zone on northbound Interstate 695 at Security Boulevard …
Read More Connecticut Lawmakers Weigh Lifting Surplus Lines Renewal Rule
Connecticut’s Insurance and Real Estate Committee has advanced a surplus lines insurance measure that the industry says would lift an unnecessary administrative burden but the state insurance regulator believes would unnecessarily lessen consumer protections. The bill would relieve surplus lines …
Read More Banks, Financial Industry Hit by Rising Ransomware Attacks
Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, …
Read More High Inflation Brings 5-7.5% Hike in P/C Claims in 2022 With Some Easing Expected
High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should led to an additional increase of 3.5-6.5%,” said Swiss Re …
Read More Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman
Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The …
Read More EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels
The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs are in the early stages of …
Read More More Deaths, Injuries Linked to Recalled Eyedrops
U.S. officials are reporting two more deaths and additional cases of vision loss linked to eyedrops tainted with a drug-resistant bacteria. The eyedrops from EzriCare and Delsam Phama were recalled in February and health authorities are continuing to track infections …
Read More TikTok Attacked for China Ties as US Lawmakers Push for Ban
U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns over the app’s power over Americans. CEO Shou Zi Chew’s testimony before …
Read More