INSURANCE NEWS
Transportation Chief to Unveil Plan to Upgrade Air Traffic Control
Transportation Secretary Sean Duffy will unveil a plan next week to upgrade the aging, under-staffed U.S. air traffic control system next week, he said on Friday. Duffy said earlier this month that he planned to ask Congress for tens of …
NC Supreme Court Says Family Can Sue Schools, Docs Over Unwanted COVID Shot
RALEIGH, N.C. (AP) — A North Carolina mother and son can sue a public school system and a doctors’ group on allegations they gave the boy a COVID-19 vaccine without consent, the state Supreme Court ruled on Friday, reversing a …
Georgia Lawmakers Approve $300M in Farm and Timber Tax Breaks After Helene
ATLANTA (AP) — Georgia lawmakers on Friday approved tax breaks for farmers and timber owners harmed by Hurricane Helene that could be worth nearly $300 million. House members voted unanimously to send the bill to Gov. Brian Kemp for his …
North Carolina Lawmakers OK Another $524M for Hurricane Helene Recovery
RALEIGH, N.C. (AP) — North Carolina lawmakers agreed Wednesday to spend another $524 million on still-pressing needs from Hurricane Helene’s historic flooding nearly six months ago, with an emphasis on home and private road repairs, agriculture and infrastructure to aid …
What the $660 Million Greenpeace Verdict Means for Activism
A North Dakota jury this week found Greenpeace liable for defamation, conspiracy and other claims over its participation in the Dakota Access pipeline protests that lasted from 2016 to 2017, awarding developer Energy Transfer LP $660 million in damages. Legal …
Maryland Could Have Reduced Risk of Key Bridge Collapse: NTSB
The National Transportation Safety Board (NTSB) is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners of 68 bridges across …
NTSB: Deadly Crashes, Fire in Wyoming Tunnel Started With Pickup Losing Control
A series of chain-reaction crashes and a fire in a Wyoming highway tunnel that killed three people started when a pickup truck lost control and partially blocked traffic on the slick roadway, federal investigators said. It had snowed before the …
Heathrow Shutdown Raises Concerns Over Contingency Planning
The closure of Britain’s Heathrow Airport is set to affect the global aviation system for days at a cost of tens of millions of dollars, experts say, posing questions about why better contingency planning was not in place at the …
Tesla Cited by U.S. Regulators Over Texas Worker’s Death
Federal regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. “The …
Technician Says Florida Thrill Ride Operator Ignored Safety Concerns Before Fatal Fall
ORLANDO, Fla. (AP) — A maintenance technician alleged on Wednesday that he raised safety issues with the operators of a central Florida amusement ride before a 14-year-old boy fell to his death, but his concerns were never addressed. Austin Campbell-Alexander …
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …
Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs
MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to €1 billion (US$1.1 billion) in cover annually for Ukraine’s small-and-mediums-sized enterprises (SMEs). The innovative scheme, developed in partnership with the European Bank for Reconstruction …