INSURANCE NEWS
Collision With Avalanche Field Derailed Train in Alaska
No one was injured when an Alaska Railroad train derailed Tuesday near Girdwood after running into an avalanche field. Three crew members were aboard the freight train when it hit the snow field just before 2 a.m., railroad spokesperson Christy …
Relation Acquires Texas’ Laird
Relation Insurance Services, Inc. has acquired the assets of Kilgore, Texas-based Laird Insurance Agency. The transaction went into effect on January 3, 2023; terms of the transaction were not disclosed. Laird offers a full range of insurance products including property …
Supreme Court Rejects Gun Retailers’ Objection to New York Regulations
The US Supreme Court refused to block new safety and record-keeping requirements that apply to New York gun retailers, letting the provisions stay in effect while a legal fight goes forward. The justices, without explanation or noted dissent, on Wednesday …
Major Aviation Insurer AXA Pulls Back on War Coverage After Ukraine Losses: Reuters
The commercial arm of French insurer AXA is reducing cover offered to aviation companies as it seeks to protect the multibillion-euro business after heavy Ukraine-related losses, two underwriting and broking sources told Reuters. One of the top 10 players in …
Gunfire Damages Another Electrical Station but No Power Outages
A North Carolina utility said an electricity substation was damaged by gunfire early Tuesday but that it caused no power outages. The damage comes after a gunfire attack on multiple substations in Moore County knocked out power to more than …
Are More Tiny Homes the Answer to Orlando Area’s Housing Crisis?
Orange County planners outlined a variety of strategies Tuesday for county commissioners to consider as the board searches for answers to boost lagging home construction, considered to be at the root of the region’s deepening housing crisis. One solution may …
U.S. Appeals Court to Weigh NCAA Case Over Pay for Athletes
The NCAA will ask a federal appeals court next month to block a lawsuit that seeks to have athletes treated as employees who are paid for their time, the latest high-profile challenge to amateurism in college sports. The Division I …
Texas Plane Crash Kills 4 Members of Tennessee Church
YOAKUM, Texas (AP) – A small plane crashed Tuesday while approaching a Texas airport, killing four members of a Tennessee church and leaving the lead pastor injured, authorities and the church said. The single-engine Piper PA-46 crashed in an open …
People Moves: Great American Announces Leadership Promotions; CRC Group Adds Smallcombe
Great American Insurance Group Announces Leadership Promotions Great American Insurance Group, based in Cincinnati, Ohio, has promoted Brian D. DeSoto, Carrie A. Little and Richard (Rich) L. Suter to the role of divisional group president. DeSoto started his career with …
Louisiana Lawmakers Considering Special Session to Address Insurance Crisis
BATON ROUGE, La. (AP) – As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the crisis is imminent. Discussions …
Detroit Museum Seeks Dismissal of Lawsuit Over van Gogh Painting
DETROIT (AP) – A Detroit museum displaying a 1888 painting by Vincent van Gogh as part of a showing of 80 of his works said it shouldn’t be pulled into a dispute over ownership of the multimillion-dollar artwork. The Detroit …
USDA Rolls Out Rule to Stop Fraud in Organic Food Sales
The U.S. government plans to impose new regulations on food producers and handlers aimed at reducing fraudulent schemes in which non-organic products are sold as organic, one of the biggest changes to oversight of the industry in decades. A final …