Monthly Archives: <span>June 2019</span>

Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business

Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market, which launched its most recent modernization effort in May, …

Aspen Insurance Launches Cyber Risk Management Platform ‘SSIMPLE’

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and response to, privacy and network security incidents. …

State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs

The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip instead of waiting for a periodic score card. State …

Officials: Better Driver Standards Might Have Helped Prevent Deaths in Iowa Bus Fire

Tougher standards for school bus drivers and a fire suppression system could have prevented the deaths in a 2017 school bus fire in western Iowa, federal safety investigators say. National Transportation Safety Board Chairman Robert Sumwalt said the Riverside Community …

Federal Officials Looking at Flood Issues in Review of Texas Derailment

Investigators will consider storm-related flooding to help determine what caused an April 24 freight train derailment in North Texas that sent 25 tanker cars off the tracks. The National Transportation Safety Board on Monday issued a preliminary report on the …

Police Say Defects May Have Caused Balcony Collapse that Injured Utah Couple, 5 Kids

A Utah couple and five of their nine children are recovering from injuries after the balcony on their home collapsed. Spring City police say the accident occurred about 9:30 p.m. Sunday. The Salt Lake Tribune reports Adam Burningham, his wife …

Nevada’s Attorney General Files Wide-Ranging Opioid Lawsuit

Nevada’s attorney general expanded the state’s lawsuit against the maker of the opioid OxyContin this week to include the company’s former president, his family, other drugmakers, distributors and drugstores, including Walgreens, CVS and Walmart. The lawsuit naming more than 40 …

California Warehouse Fire Defendant Says No One Was in Charge

The San Francisco Bay Area warehouse where a fire killed 36 people more than two years ago was an artist enclave where nobody was fully in charge, one of two men blamed for the fire testified this week. Max Harris …

The Lowdown: 2019 Private Flood Insurance Report

The big day is coming! I suspect by now, you’ve heard a great deal about the implementation of provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, requiring regulated institutions to accept certain private flood insurance policies in addition …

PG&E Settles for $1B with Local Governments for California Fire Claims

PG&E Corp. will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. Payments to the …