INSURANCE NEWS
NTSB Investigates Fatal Helicopter Crash Along Texas Gulf Coast
SEADRIFT, Texas (AP) – A helicopter crash along the Texas Gulf Coast killed two people, according to the local sheriff. The Robinson R44 helicopter was flying from Port O’Connor to the Calhoun County- Port Lavaca Airport about 20 miles (32 …
Minnesota Governor Signs ‘Drivers License For All” Law
ST. PAUL, Minn. (AP) – Immigration status will no longer disqualify more than 80, 000 people from getting Minnesota drivers licenses under a bill signed by Gov. Tim Walz on Tuesday. Supporters of the effort, dubbed “driver’s licenses for all,” …
Ex-Blue Bell CEO to Plead Guilty to Misdemeanor Over 2015 Listeria Outbreak
The former chief executive of Blue Bell Creameries will plead guilty to a misdemeanor charge under a deal in which prosecutors have agreed to drop fraud charges against him related to a 2015 listeria outbreak traced back to the company’s …
Tiger Woods’ Ex-Girlfriend Sues to Void Non-Disclosure Pact
Tiger Woods’ ex-girlfriend Erica Herman is seeking to nullify an August 2017 non-disclosure agreement with the professional golfer. Due to the NDA, Herman is unsure if she is able to disclose “facts giving rise to various legal claims she believes …
TSA Adds New Cybersecurity Regulations to Address Persistent Threats
The Transportation Security Administration (TSA) on Tuesday issued new cybersecurity requirements for airports and aircraft operators as part of an “emergency action” to address persistent threats to the aviation industry. The TSA, as part of the Department of Homeland Security’s …
4 Killed When 2 Small Planes Collide Over Florida Lake
A pilot and and a 19-year-old student pilot were among four people killed when two small planes collided in midair over a central Florida lake, sheriff’s officials said. A Piper J-3 Cub seaplane and a Piper Cherokee 161 fixed-wing plane …
Washington, Oregon Ending Health Care Settings Mask Mandate
Washington and Oregon will soon drop mask requirements in health care settings, state health officials said, moving to lift the last major masking requirements meant to curb the spread of COVID-19. Mandates in both states will end on April 3, …
Former Florida Insurance Commissioner Named to BOD for Aspen Insurance
David Altmaier has moved from overseeing regulation of insurance companies to overseeing operations for one – the Bermuda-based reinsurer Aspen Insurance Holdings. Aspen announced Wednesday that Altmaier, who was Florida insurance commissioner for six years until he stepped down in …
UK Specialty MGA Nirvana Launches With ‘Ambitious Growth Plans’
Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners, from the MGA formation platform Castel Underwriting Agencies in a management buyout. Nirvana, which is backed by a number …
New York State, City Lawmakers Look to Curb Lithium-Ion Battery Fires
Lawmakers in Albany and New York City are pushing measures they hope will curb incidents of lithium-ion battery fires, which have risen in the past few years. They include measures requiring that all batteries and chargers being sold be certified …
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’
Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion). This compares to a profit of £2.3 billion ($2.7 billion) and investment income of …
Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms
Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London’s markets competitive. Finance bosses have warned that the British capital risks …