INSURANCE NEWS

Ford Recalls 634,000 Vehicles Worldwide Over Fire Risks

Ford Motor Co is recalling 634,000 sport utility vehicles (SUVs) worldwide over fire risks from possible cracked fuel injectors and will urge owners to have their cars inspected, it said on Thursday. America’s No.2 automaker by sales said the recall …
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Private Equity Firm KKR Nears €2.3 Billion Deal for French Insurance Broker April Group

French insurance broker April Group said private equity firm KKR & Co. has become its new majority shareholder, according to a statement posted on its website. The statement, which confirmed a Bloomberg News report, didn’t disclose deal terms. KKR is …
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Hazard Assessments Lag at Restaurant Companies: Marsh

Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizeable number of companies have not conducted the required inspections. According to a Marsh survey, 49% of companies haven’t conducted a …
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Starting Jan. 1, Security Guards at Tenn. Bars Need Extra Training After Fatal Incident

Starting Jan. 1, security guards in Tennessee will need new training to de-escalate violence, and bars that employ untrained guards could lose their liquor licenses. It’s all part of Dallas’ Law, passed by state lawmakers after 22-year-old Dallas Barrett died …
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AI in Connected Cars Can Ease Rush Hour Congestion, Vanderbilt Research Shows

As millions of people travel the interstates this Thanksgiving, many will encounter patches of traffic at a standstill for no apparent reason _ no construction or accident. Researchers say the problem is you. Human drivers just don’t do a good …
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Carolina TV Station Reeling After Chopper Crash Kills Pilot and Meteorologist

A helicopter pilot and a meteorologist who worked for a North Carolina television station died just before Thanksgiving when a news helicopter crashed along a Charlotte-area interstate, with police praising the pilot for heroically avoiding the roadway in his final …
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City of Baltimore Sues Big Tobacco to Recover Costs of Cigarette Litter Damage

The city of Baltimore has filed a lawsuit seeking to hold cigarette manufacturers accountable for cleanup costs and environmental damages it says are associated with tobacco product litter. Baltimore wants to recover expenses and losses resulting from cigarette filter litter …
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Viewpoint: Closing the Gap on Risk Mitigation Strategy Created by Cannabis Reform

Nearly 185 million adults in the U.S. have legal access to cannabis. Before legalization, organizations could create cannabis testing policies centered around zero-tolerance, as the drug’s use was uniformly illegal. Policy-holding employers could simply deter employee cannabis use with testing …
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Wildfire Mitigation Plan Would Cut 2.4 Million New Jersey Pinelands Trees

BASS RIVER TOWNSHIP, N.J. (AP) — Up to 2.4 million trees would be cut down as part of a project to prevent major wildfires in a federally protected New Jersey forest heralded as a unique environmental treasure. New Jersey environmental …
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FTX Was Run as ‘Personal Fiefdom,’ Faces Hacks and Missing Assets: Attorneys

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets. In the highest-profile crypto …
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Agency Partnerships: SAN Group Adds Woodland Agency of Massachusetts; Vermont’s Barrett Agency Joins Renaissance

Independent insurance agency alliance Satellite Agency Network (SAN) Group, Inc. recently announced the addition of Woodland Insurance Agency of Hanson, Massachusetts to its network. Founded nearly 40 years ago, Woodland Insurance is an independently owned insurance agency offering home, auto, …
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Liberty Mutual Explores $1 Billion Sale of Europe Businesses

Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region. The US insurer is working with Bank of America …
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