INSURANCE NEWS
People Moves: B. F. Saul Hires Horcher; Maryland Auto Appoints Brown
B.F. Saul Insurance, headquartered in Bethesda, Maryland, appointed John Horcher, Jr. as a commercial lines producer. Horcher is based in Philadelphia. Horcher’s previous roles include vice president positions at Marsh, HUB International and Arthur J. Gallagher, with experience in expertise …
Lawsuit Targets Universities for Allegedly Favoring Wealthy in Admissions
Children of the wealthy and connected get special admissions consideration at some elite U.S. universities, according to new filings in a class-action lawsuit originally brought against 17 schools. Georgetown’s then-president, for example, listed a prospective student on his “president’s list” …
Preconstruction Work to Begin in January to Rebuild Collapsed Baltimore Bridge
Preconstruction work to collect data to design a new Francis Scott Key Bridge in Baltimore is scheduled to begin in January, according to Maryland officials. The Baltimore Sun reports that work is scheduled to include topographic and underwater surveys, as …
FAA Probes Holiday Drone Show Accident that Injured Florida Boy
ORLANDO, Fla. (AP) — The Federal Aviation Administration said Monday that it has launched an investigation into why several drones collided and fell from the sky during a holiday show over the weekend in downtown Orlando, Florida, injuring a 7-year-old …
Hockey Player Involved in Deadly Collision Seeks Donations for Legal Costs
Matt PetgHockey player Matt Petgrave has called the death of Adam Johnson “a tragic accident” in a public appeal for donations to his legal costs amid a police investigation. Johnson, who had briefly played for the Pittsburgh Penguins, died after …
Investigation Continues After South Florida Boat Explosion Kills 1, Injures 6
FORT LAUDERDALE, Fla. (AP) — A boat explosion at a South Florida marina has left one person dead and six others injured, officials said. The explosion occurred Monday night about 6 p.m. at the Lauderdale Marina, Fort Lauderdale Fire Rescue …
Japan Plane Crash Probe Points to Coast Guard Crew Confusion
Cockpit voice recordings released Wednesday indicate Japanese coast guard pilots wrongly thought they could enter an active runway minutes before being struck by a Japan Airlines Co. jet. The recordings, in a report tabled by the Japan Transport Safety Board …
Rescuers Retrieve 38 Bodies and Recorders From Azeri Plane Crash
Kazakh authorities said that a rescue team has recovered 38 bodies at the crash site of Azerbaijan Airlines’ Embraer SA 190 aircraft as clean-up efforts continue. As many as 29 people survived the crash and are in the hospital, while …
INSIGHT-Airline Pilots, Crews Voice Concerns About Middle East Routes
In late September, an experienced pilot at low-cost European airline Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel. He decided to query the decision since just …
Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion
Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors. Sales of bonds earmarked for supplemental coverage of large windstorms, earthquakes and …
Claims Satisfaction Leaders Reveal Secrets to Success
What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences. Carrier Management recently asked claims leaders at two of …
What Changes Should Small Businesses Be Aware of for 2025?
For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington. But there are other shifts owners should keep on their radar. Among them: changes to state-level overtime and …