INSURANCE NEWS
Highway Repairs Underway in Ohio Following Tanker Truck Crash and Fuel Spill
MACEDONIA, Ohio (AP) — Authorities have identified the tanker truck driver killed in a crash in Ohio that spilled thousands of gallons (liters) of diesel fuel over the weekend as repairs to the highway continue. The Summit County medical examiner’s …
BMS Re’s CEO Chandler Steps Down to Become Vice Chair; Interim Co-CEOs Named
BMS Re, the specialty reinsurance arm of global broker BMS Group, announced that Andrew Wheeler and Russ McGuire have been appointed as interim co-CEOs of BMS Re. The appointments follow Pete Chandler stepping down as CEO and becoming vice chair …
Wisconsin Ice Cream Plant Fined $145K for Safety Violations
Responding to a report of workers being exposed to anhydrous ammonia, federal investigators found a Madison, Wisconsin ice cream plant lacked sufficient process safety management procedures to control the release of hazardous chemicals. Exposure to anhydrous ammonia, used in the …
State Troopers Arrested for Alleged Commercial Drivers License Bribery Scam
Two current and two former Massachusetts State Police troopers are among six charged in connection with an alleged conspiracy to give passing scores to certain Commercial Driver’s License (CDL) applicants, including individuals who had failed or did not take the …
Move to End Georgia’s Direct-Action Lawsuits vs. Trucking Insurers Gaining Steam
This year could be the year that Georgia joins most other states and repeals its direct-action law that has reportedly caused severe problems for trucking companies needing liability insurance. Several Georgia Republican legislative leaders and the state’s insurance commissioner said …
UK Navy Warns of Piracy Menace to Ships in Indian Ocean
The UK Navy posted an advisory to merchant ships in the Indian Ocean warning of pirate activity, a sign of a growing threat to a maritime industry that’s been coming under missile attacks near Yemen. Two so-called pirate action groups …
Murdaugh Denied New Trial After Judge Hears Jury-Tampering Claims
COLUMBIA, S.C. (AP) — A South Carolina judge on Monday denied Alex Murdaugh’s bid for a new trial after his defense team accused a clerk of court of tampering with a jury. Judge Jean Toal said she wasn’t sure if …
US Disabled Chinese Hacking Network Targeting Critical Infrastructure, Sources Say
The U.S. government in recent months launched an operation to fight a pervasive Chinese hacking operation that successfully compromised thousands of internet-connected devices, according to two Western security officials and one person familiar with the matter. The Justice Department and …
Expanding Bus Fleets Could Improve Risk, Safety for Schools, Ky. Lawmakers Say
FRANKFORT, Ky. (AP) — Legislation allowing school districts to expand fleets transporting students to school and home was promoted Monday as a way to fix bus systems hampered by long routes and too few bus drivers. Democratic Sen. David Yates, …
Kentucky House Endorses Paid Family Leave Insurance Bill
FRANKFORT, Ky. (AP) — Legislation portrayed as a market-driven, voluntary approach to expand access to paid family leave in Kentucky was overwhelmingly passed by the state House on Monday. The measure, which drew strong bipartisan support, sailed through the House …
SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania
At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years ahead without much of a risk of legal fallout. Now, the US Securities and Exchange Commission’s new rules tightening SPACs’ …
Bill to Ban Smoking in Atlantic City Casinos Advances
A measure that would prohibit smoking in Atlantic City’s casinos moved forward Monday after three years of going nowhere, heartening casino workers who say they are literally sick and tired of having smoke blown in their faces at work. The …