INSURANCE NEWS
Vermont Lawmaker Wants to Close Abuse Reporting Exemption for Clergy
The head of the Vermont Senate Judiciary Committee says he’s going to introduce a bill in the upcoming legislative session to close an exemption to the state’s child abuse and neglect reporting laws for members of the clergy. Democratic Sen. …
Tennessee Power Outages Amplify Calls for TVA to Rethink Fossil Fuels
A federal utility’s decision to resort to rolling blackouts after coal and natural gas units went offline during dangerously cold conditions has intensified questions about the Tennessee Valley Authority’s recent decision to double down on fossil fuels. TVA experienced its …
Bucs’ Quarterback, Brothers Rescue People in Tampa Chopper Crash
Buccaneers backup quarterback Blaine Gabbert became an unexpected hero Thursday when a helicopter crashed into Hillsborough Bay in Tampa. He and his two brothers were cruising nearby on jet skis, checking out from afar some of the sail boats at …
Appeals Court Rules Against Transgender Man in Florida Bathroom Suit
A federal appeals court has ruled that a Florida school district’s policy of separating school bathrooms based on biological sex is constitutional. The 11th U.S. Circuit Court of Appeals announced its 7-4 decision on Friday, ruling that the St. Johns …
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters
Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for liquefied natural gas (LNG) vessels, industry sources said on Friday. Japan’s …
Global Natural Catastrophe Insurance Losses Estimated at $112B in 2022: Carpenter
Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on Friday, driven by the impact of Hurricane Ian which hit Florida earlier this year. Flood and hail in Europe, Australian …
Highway Fatalities Top 170 in Maine
Maine is likely to finish the year with its highest number of highway fatalities in 15 years, as a pandemic trend of speeding and reckless driving continues across the state, officials said. The unofficial number of highway deaths stood at …
Pennsylvania Helps Buffalo Clear Snow; State Acts on Insurance, Banks, Flood Risk
Like a good neighbor, the state of Pennsylvania is sending equipment and personnel to help neighboring Buffalo, New York, dig out from the recent deadly winter storm that dumped more than four feet of snow in the region and has …
Ohio Supreme Court: Ransomware Did Not Cause Direct Physical Loss
A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. “Computer software cannot experience ‘direct physical loss or physical damage’ …
Oklahoma Airport Says Air Force Charter Damaged Runway
STILLWATER, Okla. (AP) – A military cargo aircraft carrying the U.S. Air Force Academy women’s basketball team to a game at Oklahoma State University landed without authorization at the city’s airport and caused damage to its runway, city officials in …
Heating Methods Suspected in Ohio Fire After family of 6 Killed
NEWCOMERSTOWN, Ohio (AP) – Authorities investigating a fire that claimed the lives of six members of an Ohio family are looking at the possibility that the blaze was sparked by alternative methods of heating that the family was using to …
One Storm Departs California as Another Lines up to Enter
SACRAMENTO, Calif. (AP) – Dense fog plagued California’s Central Valley early Wednesday as one winter storm left the state and another lined up to enter. The new storm was expected to move through Northern California late Wednesday and overnight, followed …