Monthly Archives: <span>April 2023</span>

Blast at Chicago Area Petroleum Plant Leaves 1 Dead, 1 Injured

LEMONT, Ill. (AP) – An explosion and fire at a suburban Chicago petroleum refinery killed one person and injured a second Tuesday morning, authorities said. The Will County Sheriff’s Office said one person was confirmed dead and a second was …

Federal Authorities File Charges in Michigan Over Diesel Engine Tampering

GRAND RAPIDS, Mich. (AP) – Federal authorities in Michigan filed charges Wednesday against nine people in a scheme to defeat air-pollution rules by tampering with software and hardware in heavy-duty diesel engines. The nine agreed to plead guilty, along with …

Louisiana Lawmakers Kill Bill to Decriminalize Marijuana

BATON ROUGE, La. (AP) – A bill to decriminalize marijuana in Louisiana was short- lived, swiftly dying in committee Tuesday before ever reaching the House floor for debate this legislative session. Democratic state Rep. Candace Newell briefly argued that her …

Texas Contractor Fined $257K After Fatal Trench Collapse

A Houston-area contractor’s repeated failure to follow federal workplace safety procedures during excavation operations contributed to a worker’s death near Manvel in October 2022, a federal workplace safety investigation has found. The U.S. Department of Labor’s Occupational Safety and Health …

Markel Returns to Q1 Net Income Profit on Investment Gains

Markel Corp. reported first quarter 2023 net income of $537.8 million compared to a loss of about $48.8 million a year ago. Net investment gains during the first three months were about $372.6 million compared to a loss of $358.4 …

Markets/Coverages: Clearcover, Experian Team on Embedded Auto Insurance Solution

Digital car insurer Clearcover Insurance Company, said April 26 that it launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop on Experian’s auto insurance comparison shopping service. The initiative supports Clearcover’s strategy to fuel …

Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh

Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to 28% in Q4 2022, according to the Global Insurance Market Index published by insurance broker Marsh. This was particularly evident …

AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business

American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance Services. PCS will be an independent managing general agent serving the high net worth and ultra high …

Norfolk Southern Estimates That Ohio Derailment Cost $387M

Norfolk Southern expects February’s fiery Ohio derailment to cost it $387 million, but that total will likely increase over time and that doesn’t reflect how much the railroad’s insurance companies will eventually cover. The railroad provided a detailed estimate of …

Tesla Violated Law by Telling Florida Workers not to Discuss Pay, Conditions, NLRB Says

Tesla supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled. Managers at the Orlando …