INSURANCE NEWS
Crash Averted at Austin, Tx. Airport; FAA, NTSB to investigate
AUSTIN, Texas (AP) – A FedEx cargo airplane attempting to land at Austin-Bergstrom International Airport on Saturday had to reverse course after a second plane was cleared to depart from the same runway, according to the Federal Aviation Administration. “The …
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance
BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led by Zurich Insurance Co. Ltd. This latest funding round brings the total amount raised from investors in the past 16 …
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C
This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty Division Howden Tiger, the reinsurance arm of …
Colorado Nursing Home Worker Acquitted in Death of Alzheimer’s Victim Left in Heat
One of three assisted living facility workers prosecuted in the death of an 86-year-old woman with Alzheimer’s disease left outside in 100-degree heat has been acquitted. Jurors found Jenny Logan, 52, not guilty of one count of negligent homicide and …
Code Inspections Conducted on Dozens of Rental Units Following Fatal Las Vegas Fire
Code enforcement inspections of more than 30 aging multi-unit and extended-stay properties in Las Vegas, spurred by the city’s deadliest residential fire in history, has been completed. City officials this week released the findings of the first year of the …
24 Models Sue 3 Insurers to Collect on $2M Deals With Strip Clubs Over Use of Photos
A group of 24 models is suing three insurers to collect more than $2 million in settlements stemming from the unauthorized use of their images by several strip clubs in the Northeast. The models, including Tara Leigh Patrick (also known …
Hundreds of Shipping Containers Ablaze at Turkey’s Iskenderun Port, Operations Halted
Hundreds of shipping containers were ablaze at Turkey’s Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to divert vessels to other ports. Turkey’s maritime authority said on Monday that the port, located on the Mediterranean coast in …
Rhode Island AG Reaches Lead Abatement Agreements With 4 Landlords
The owners of four Rhode Island lead-contaminated properties have agreed to fix the problems and pay fines that combined total more than $700,00 in value, the state attorney general’s office announced last week. In all four cases —three in Providence …
Fla. Lawmakers to Start Another Session, Could Affect Workers’ Comp, Bens for Disney
Florida lawmakers will meet Monday to complete a state takeover of Walt Disney World’s self-governing district and expand a migrant relocation program, key conservative priorities of Republican Gov. Ron DeSantis ahead of his expected White House run. The session, three …
Nearly 60 L’Oreal Hair Relaxer Lawsuits Consolidated in Illinois Federal Court
Nearly 60 lawsuits claiming hair relaxer products sold by L’Oreal USA Inc and other companies cause cancer and other health problems will be consolidated in Chicago federal court, according to a Monday order from the Judicial Panel on Multidistrict Litigation. …
Former NFL Player Faces DUI Charge After Florida Crash
A former NFL player was arrested on a misdemeanor driving under the influence charge after troopers say his vehicle rear-ended a pick-up truck that was on the side of a South Florida highway because of a flat tire, injuring the …
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits
Moody’s Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time changing the company’s outlook to stable from negative. On Oct. 13, 2022, Moody’s …