INSURANCE NEWS
Goose Found in Helicopter’s Flight Control System in Fatal Oklahoma Crash
A dead goose was found in part of the flight control system of a medical helicopter that crashed in western Oklahoma, killing all three people on board, according to a preliminary report by the National Transportation Safety Board. The report …
Power Restored to BP Oil Refinery in Indiana After Temporary Shut Down
WHITING, Ind. (AP) — Power has been restored to BP’s sprawling oil refinery in northwest Indiana following an outage that prompted the company to temporarily shut down the complex and evacuate workers, BP said last Friday. BP spokesperson Christina Audisho …
Contractor Reaches $25M Settlement in Flint, Michigan Water Crisis Suit
FLINT, Mich. (AP) — A second contractor said last Thursday that it has reached a $25 million settlement over its role in Flint, Michigan’s lead-contaminated water scandal. The class-action litigation agreement includes payments of $1,500 for individual minors, according to …
Pennsylvania’s 7.8% Workers’ Compensation Cut Takes Effect in April
Pennsylvania workers’ compensation rates will be going down for employers beginning April 1. Insurance Commissioner Mike Humphreys on January 23 approved an overall decrease in loss costs of -7.88%, more than doubling last year’s decrease of -3.33%. Humphreys approved the …
Driverless Cars Covered 5x More Test Miles in California in 2023
Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data on vehicle testing released on Friday showed. …
People Moves: Howden Appoints Shalders as Group COO; Neighbour Named BMS Energy Director
Howden, headquartered in Renfrew, United Kingdom, appointed David Shalders as group chief operating officer. Shalders will join as an executive member of the Howden Group board and the global leadership team. Shalders joins Howden from LSEG (London Stock Exchange Group), …
Tesla Runs Afoul of Font-Size Rule in 2.2 Million Electric Cars
Tesla drivers no longer have to squint to read the warning lights in their electric vehicles, thanks to eagle-eyed auditors at the US National Highway Traffic Safety Administration. The regulator posted an unusual recall report on its website Friday from …
New England Patriots Sued Over Video Viewing App’s Alleged Privacy Violations
A Massachusetts man has filed a proposed class action lawsuit seeking $5 million against the New England Patriots for alleged privacy violations. The suit alleges that the team intentionally and knowingly discloses personally identifiable information (PII) of people using their …
Swedish Prosecutor Plans Nord Stream Blast Decision This Week
The prosecutor leading Sweden’s probe into the Nord Stream gas pipeline blasts in the Baltic Sea in 2022 plans to announce a decision this week on whether to drop the case, press charges or request that someone is detained, his …
Marsh: ‘Stable’ Q4 Commercial Rate Increase of 2%
Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases. “At a time of much global economic uncertainty, clients will welcome the increased stability …
Marsh: US Commercial Lines Rates Up 3% in Q4 2023
Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter 2023, led by an 11% increase in property rates. The Marsh Global Insurance Market Index said it was the 25th …
Cone of Uncertainty to Include Inland Areas, Where Storm Damage can Be Heavy
ST. PETERSBURG, Fla. (AP) — The “cone of uncertainty” produced by the National Hurricane Center to forecast the location and ferocity of a tropical storm is getting an update this year to include predictions for inland areas, where wind and …