INSURANCE NEWS
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 …
Firefighters Contain New Jersey Forest Fire That Threatened 15 Homes
LITTLE EGG HARBOR, N.J. (AP) – A wind-whipped forest fire in the southern New Jersey Pinelands that threatened 16 homes Tuesday was fully contained by nightfall, and firefighters said they believed the homes were no longer in jeopardy. No injuries …
Significant Hack Potentially Exposes US Lawmakers’ Personal Data
A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional official said in letters circulated on Wednesday. One …
Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research
There are more than 170 trillion tiny plastic particles — or 2 million tons of them — floating on the surface of the ocean, and many of them got there after 2004, according to a paper published Wednesday in the …
Britain Says Capital Market Rules Won’t Diverge Markedly From U.S., EU
Britain’s capital market rules will not differ markedly from regulations applied in Europe and the United States, its financial services minister Andrew Griffith said on Thursday. “We don’t want to become a third polarity but operate in a way that …