INSURANCE NEWS
Study Suggests US Droughts, Rainy Extremes Becoming More Severe
Newswise — Severe drought in the American Southwest and Mexico and more severe wet years in the Northeast are the modern norm in North America, according to new research – and the analysis suggests these seasonal patterns will be more …
Delta Jets Collide on the Ground at Atlanta Airport, Causing Minor Damage
Two Delta Air Lines jets collided on the ground at Atlanta’s Hartsfield-Jackson International Airport Tuesday, knocking the tail off of the smaller regional plane. Multiple news sources reported that no one was injured and passengers were booked onto other flights …
Hurricane Debby Florida Losses Top $121M; 60% of Claims Closed
A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported this week. The …
Norfolk Southern Says CEO Under Investigation for Alleged Ethical Lapses
Norfolk Southern’s CEO Alan Shaw is under investigation for potential ethical lapses, the railroad confirmed Monday. A spokeswoman for the Atlanta-based railroad that is one of North America’s six largest declined to offer any additional details about the nature of …
Union Reports Cyber Incident May Have Exposed Members’ Private Information
A Ridgefield Park, New Jersey-based labor union for longshoremen, healthcare, maintenance and other workers has reported a cyber incident that may have exposed some members’ private information. The office for Local 1964, International Longshoremen’s Association, Local 1964 ILA Health & …
Wife of California Inmate Wins $5.6 Million in Settlement for Strip Search
The wife of a California inmate will receive $5.6 million after being sexually violated during a strip search when she tried to visit her husband in prison, her attorneys said. After traveling four hours to see her husband at a …
Payment Gateway Slim ID Notifies 1.7M Cardholders of Hack
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida-based company that handles credit …
Women Settle Lawsuits With Yale Fertility Clinic Over Nurse Who Stole Their Painkillers
Dozens of women who say they suffered excruciating pain at a Yale University fertility clinic because a nurse stole fentanyl for her own use and replaced it with saline have settled their lawsuits against the Ivy League school. Patients and …
Four People From Connecticut Die in Small Plane Crash in Vermont
A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday. The Vermont State Police recovered the bodies from the wreckage of the four-seat, single-engine Piper aircraft that crashed Sunday in …
Police Have Increased Use of Maine’s ‘Yellow Flag’ Law Since Mass Shooting
There has been a huge jump in law enforcement requests for Maine courts to allow guns to be seized from people deemed a danger to themselves or others since the deadliest mass shooting in state history, the governor said Friday. …
Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA
Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022, according to the International Underwriting Association (IUA). The …
Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds
Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding. Of the more than 1,000 cities around the world that the …