Yearly Archives: <span>2017</span>

Defense Bill Would Revive Civilian Drone Registration Requirement

The government’s registration system for owners of civilian drones would be restored in a defense policy bill agreed to by House and Senate negotiators. The measure boosting aviation regulators’ ability to regulate the burgeoning world of small unmanned vehicles was …

U.S. Expands Drug Testing for Pilots, Train Engineers to Include Opioids

Airline pilots, train engineers and truck drivers subject to federally mandated drug screening will soon be tested for a range of opioids under a new rule issued Thursday. While transportation workers have long been subject to random screenings for various …

Colgate-Palmolive Settles Asbestos Claim Linked to Its Talc

Colgate-Palmolive Co. agreed to settle a lawsuit claiming its talcum powder products caused a Pennsylvania woman to develop mesothelioma, a fatal lung disease tied to asbestos exposure. New York-based Colgate-Palmolive moved to resolve Carol Schoeniger’s lawsuit to avoid a trial …

Lexington Joins 30 Other Kentucky Cities in Opioid Addiction Lawsuit

A Kentucky city is suing more than a dozen drug manufacturers and distributors to recoup the escalating cost of dealing with drug addiction. The Lexington Herald-Leader reports the city of Lexington filed a federal lawsuit on Thursday, alleging the companies …

3 Alabama Teens Arrested for Starting Fires that Damaged 5 Structures

Authorities say a series of fires damaged five structures in Alabama and three teenagers have been charged. Sylacauga Police Chief Kelley Johnson told news outlets that authorities started receiving reports of fires Tuesday night. Johnson says the first reported fire …

Alabama Stockbroker Faces 30 Years in Prison for Embezzling $200K

A former Alabama stockbroker is accused of embezzling over $200,000 from BBVA Compass Bank. The U.S. Attorney’s Office for the Northern District of Alabama said in a news release that 30-year-old Eric Scott Darty agreed to plead guilty to a …

Florida Approves Workers’ Comp Rate Decrease of Nearly 10%

Florida Insurance Commissioner David Altmaier has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall rate level decrease of 9.5 percent and premium level decrease of 9.8 percent. This applies to …

China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers

China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and insurers. The new …

Resilience Economics Bringing Climate Products to New Sectors

Resilience Economics Ltd. seems poised to capitalize on climate change. Cedent Ltd. this month launched the corporate finance advisory firm focused on climate risk with an initial $500 million of capacity from strategic partner Nephila Capital Ltd. The joint-venture plans …

Maison Insurance Company Expands to Florida

Property Insurance Holdings Inc. (PIH), a specialty property and casualty insurance holding company, announced it is now licensed in Florida through its wholly owned subsidiary, Maison Insurance Company. This comes after the company completed its strategic and capital allocation review …