INSURANCE NEWS
U.S. Proposes Rules to Advance Flying Taxi Operations
The U.S. Federal Aviation Administration (FAA) on Monday proposed new rules that would help pave the way for commercial air taxi operations by around the middle of the decade. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as …
California School District Paying $15.75M in Teen’s Asthma Death
The mother of a 13-year-old girl who died from an asthma attack at a Southern California school will receive $15.75 million from the school district, their lawyers announced. The Yucaipa-Calimesa Joint Unified School District in San Bernardino County agreed to …
Four Die in Washington After Alaska Company’s Plane Crashes
Four people were killed in a fiery plane crash Friday morning northeast of Seattle, authorities said. The single-engine Cessna 208B crashed in a field, the Federal Aviation Administration said, not too far from a small airport near Snohomish. The four …
TDI Recognizes Animal Nutrition Company With Workplace Safety Award
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recognized Global Animal Products with a Lone Star Safety Award for their exemplary workplace safety programs and low rates of work-related injuries and illnesses. Global Animal Products manufactures organic minerals …
People Moves: Branch Names Patel as First Chief People Officer; Burns & Wilcox Adds McCarthy in Michigan
Patel named First Chief People Officer for Branch Branch® has named new hire Pratiksha Patel as the company’s first chief people officer. Patel joins the Columbus, Ohio-based company with more than two decades of experience across diverse global industry leaders, …
COP27 Delivers Climate Fund Breakthrough at Expense of Progress on Emissions
Countries closed this year’s U.N. climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by climate disasters, even as many lamented its lack of ambition in tackling the emissions causing them. …
Chicago Suburb to Pay $10M to Settle Hit-and-Run Lawsuit
OAK LAWN, Ill. (AP) – A Chicago suburb will pay $10 million to settle a lawsuit stemming from a 2019 hit-and-run crash in which the village’s then-manager struck and critically injured a pedestrian with his municipal vehicle. The Oak Lawn …
West Texas Earthquake Causes Damage Hundreds of Miles Away
MENTONE, Texas (AP) – A strong earthquake that struck a remote area of the West Texas desert caused damage in San Antonio, hundreds of miles from the epicenter, officials said. University Health said last Thursday that its Robert B. Green …
Maryland Condo Explosion That Injured 14 Linked to Suicidal Resident
A fiery explosion that injured more than a dozen people at a Maryland condominium building was ignited by a resident who intended to kill himself and died in the blast, police said. Authorities found the 36-year-old man’s body in the …
Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B- US$3B
Lloyd’s, the marketplace for commercial, corporate and specialty risk, announced that claims to the Lloyd’s market arising from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion net of reinsurance, based on Q3 data …
Louisiana Town Amends March Ordinance, Settles Suit With Protest Group
NEW ORLEANS (AP) – A southeast Louisiana town has eased its requirement that a $10,000 bond be posted by groups wanting to stage protest marches, and it settled a lawsuit with community activists who said the requirement was unconstitutional. The …
Maersk Settles Rape Case That Raised Awareness of Struggles of Women Seafarers
A US unit of A.P. Moller-Maersk A/S said it settled a sexual assault lawsuit with a former employee, ending a case that caused the shipping giant to drastically change the way it manages the staff on its vessels. The container …