INSURANCE NEWS
After Second Death by Fall in 3 Years, New York Roofer Faces Potential $1.3M Penalty
A Nanuet, New York roofing and siding contractor with a history of safety violations and penalties now faces an additional $1,343,363 in penalties after the U.S. Department of Labor’s Occupational Safety and Health Administration said it investigated another fatal fall …
Cocktail of Chemicals Contributed to Massive Fish Die-off on Oder River: German Official
Several substances seem to have contributed to the massive fish die-off in the Oder River that forms much of Germany’s border with Poland, a German official said Monday. Numerous theories have been floated about the cause of the environmental disaster, …
InsurTech Founders Say Launching an MGA Means Learning to Juggle
Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference. “I don’t know if I can tell you what we did …
Ukraine Grain Corridors Need More Ships, Affordable Insurance to Accelerate Exports
Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food stuck in the country can be released. Perhaps the biggest …
Worst Drought in Decades Threatens China’s Economic Recovery
Wan Jinjun, a 62-year-old retiree who has swum the Yangtze River almost every day for the past decade in Wuhan, said he’s never seen a drought like this before. An extreme summer has taken a toll on Asia’s longest river, …
Tropical Storm Ma-on Takes Aim at Hong Kong, Guangdong Province
Several cities in southern China raised their cyclone warning signals on Wednesday, bracing for Tropical Storm Ma-on, which is expected to make landfall along the coast of Guangdong province on Thursday. At 12:40pm (0440 GMT), the Hong Kong Observatory issued …
Fox Corp. CEO Lachlan Murdoch Sues Australian News Site for Defamation
Fox Corp. CEO Lachlan Murdoch has filed a defamation lawsuit against an Australian news site over an opinion piece he says accused him of being complicit in the Jan. 6 attack on the U.S. Capitol by supporters of former President …
North Dakota Officials Investigating Massive Oilfield Wastewater Spill
North Dakota regulators are investigating a massive spill of oilfield wastewater from a broken pipeline in the northwest part of the state that they say could take more than a year to clean up. Karl Rockman, of the state Department …
Twitter Misled Regulators on Hackers and Spam, Whistleblower Claims
Twitter Inc. misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famed hacker more widely known as “Mudge,” …
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline beginning in 2020 for the first time in seven years. According to …
30 Years Ago: Andrew Upended Florida, But Current Legal Storm May Be Worse
It was 30 years ago today that Hurricane Andrew, the strongest storm to make U.S. landfall in more than two decades, gouged its way across south Florida, destroying more than 25,000 homes, by some estimates, and causing more than $15 …
Cleanup of Large Yellowstone Gasoline Spill Continues
Cleanup continued after a fuel pup trailer rolled onto its side in Yellowstone National Park last week and spilled gasoline, park officials said. The accident, which happened at about 4 a.m. Friday on U.S. Highway 191 in the western side …