INSURANCE NEWS
Former Tenn. Senator, Tort-Reformer, Sentenced in Campaign Finance Fraud
A former Tennessee state senator who was active in tort reform, judicial appointments and health insurance changes, was sentenced to 21 months in prison after he unsuccessfully tried to take back his guilty plea on federal campaign finance charges and …
Florida Man Posed as Veterinarian, Did Surgery on Dog Who Died, Sheriff Says
A southwest Florida man was arrested Friday for claiming to be a veterinarian and performing surgery on a pregnant dog who died of complications from the procedure, authorities said. The man was a licensed pet groomer but not a licensed …
Federal Appeals Court Dismisses Challenge to WV Gas Pipeline
A federal appeals court on Friday granted a motion to dismiss a challenge to construction permits for a controversial natural gas pipeline in Virginia and West Virginia after Congress mandated that the project move forward. The 4th U.S. Circuit Court …
Tenn. Security Guard Not Guilty in On-Duty Shooting at Nashville Restaurant
A jury on Friday found a security guard not guilty of murder and other charges in a fatal shooting outside the Nashville restaurant where he was working, closing a case that hinged on whether he was justified in firing at …
Japan Faces Another Typhoon With Trains, Hundreds of Flights Canceled
Japan is preparing for its second typhoon in a week, with airline companies canceling flights and rail operators halting some operations. Typhoon Lan is forecast to make landfall Tuesday in central Japan near Osaka, the country’s second largest metropolitan area, …
Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High
Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark advisory amid heightened tensions between …
Australia’s Climate Risks Are Making Home Insurance Unaffordable
Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. Median home insurance premiums surged 28% to A$1,894 ($1,240) in the year to March 31, …
Ukraine Starts Registering Ships for Black Sea Corridor: Agency
Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday [Aug. 12]. Ukraine on Thursday announced …
Russian Warship Fires Warning Shots at Cargo Ship in Black Sea
A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …
NAIC Weighs Overriding Credit-Rating Companies
The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance companies. The NAIC, a consortium of state regulators that sets standards for the insurance industry, is considering overruling …
Rising Flood Risks Threaten Many Water and Sewage Treatment Plants
The crack of a summer thunderstorm once comforted people in Ludlow, Vermont. But that was before a storm dropped eight inches of rain on the village of 2,200 in two days last month. And it was before the devastation of …
ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some
Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best …