INSURANCE NEWS
California Household Goods Maker Settles with EPA for $250K for Sale of Unregistered Disinfectants
The U.S. Environmental Protection Agency got a settlement from Gardena, California-based U.S. Jaclean Inc. over claims of illegal distribution or sale of unregistered and misbranded disinfectants and other pesticide products. The sale and distribution of such products violates the Federal …
Shareholders of Taiwan’s Shin Kong Approve Merger With Taishin
Shareholders in Taiwan financial conglomerate Shin Kong on Wednesday voted to approve a merger with peer Taishin. Shin Kong’s management has repeatedly said they viewed Taishin as their preferred bidder. Another Taiwanese financial conglomerate, CTBC 2891.TW, last month dropped its …
How Texas Weakened Its Own Air Pollution Monitoring Team
When disaster affects the sprawling industrial complexes of Texas, the state’s environmental authority often posts pictures online of its white vans patrolling public streets, verifying the local air is safe to breathe. The Texas Commission on Environmental Quality calls this …
Utilities’ Extreme Plan to Stop Wildfires: Shut Off the Power
A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning off the power. Electric companies serving about 24 million homes and businesses across the fire-prone US West now have plans …
Hub Acquires Missouri’s AIG Agency
Hub International Limited (Hub) announced that it has acquired the assets of AIG Agency Inc. (d/b/a Associated Insurance Group). Terms of the transaction were not disclosed. Located in Maryland Heights, Missouri, Associated Insurance Group is an independent insurance agency providing …
No Sovereign Immunity for Virginia City or Truck Driver In-Between Garbage Pick-Ups
The Virginia Court of Appeals has ruled that a trial court erred in finding that a garbage truck driver and the city of Chesapeake were shielded by sovereign immunity for their role in an accident caused by the truck driver …
Illinois Manufacturer to Pay $1.3M After Plant Explosion
Chemical products manufacturer AB Specialty Silicones LLC will pay $1.3 million in penalties after an explosion and fire at its Waukegan, Illinois plant in May 2019 claimed the lives of four workers. The U.S. Department of Labor’s Occupational Safety and …
As Milton Nears, Flood-Proof Fences Will Face a Major Test in Tampa
For the second time in two weeks, Tampa General Hospital is getting ready to keep water at bay. Hurricane Milton is expected to make landfall Wednesday and will test the hospital’s flood barrier. It takes dozens of facilities workers to …
Former Hurricane Kirk Set to Lash France With Heavy Rain
The remnants of Hurricane Kirk are forecast to hit France on Wednesday, after weakening to a post-tropical cyclone. The storm will bring wind gusts as strong as 150 kilometers (93 miles) per hour to the Pyrenees, according to Météo-France. It …
13 States and DC Sue TikTok, Accusing Platform of Harming Younger Users
TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District …
Florida CFO Issues Order Allowing Agency Customer Reps to Work Remotely
Florida law requires insurance agencies’ customer service representatives to work only at the agency office. But with another hurricane headed toward the state, and much of the western part of the state under evacuation orders, Florida’s chief financial officer has …
Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates
Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber market. Called Beazley Quantum, the consortium …