Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter September 10, 2019 By Susanne Sclafane Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out...
TV Show ‘Young Sheldon’ Fined for Fake Tornado Warning September 10, 2019 The hit CBS Corp. comedy “Young Sheldon” about a child genius, wasn’t so smart when it came to a mock...
Officials: Half of Texas Local Governments Hit by Ransomware Have Recovered September 10, 2019 Texas authorities say they aren’t aware of any money paid to hackers who used ransomware to target more than 20...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures September 10, 2019 By L.S. Howard Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this...
Oregon Pot Racketeering Lawsuit Allowed to Proceed September 10, 2019 By Gillian Flaccus A judge has ruled that a racketeering lawsuit brought by a vineyard against a neighboring marijuana operation can go forward...
Outrage over PG&E’s Plan to Cap California Wildfire Liabilities at $18B September 10, 2019 By Steven Church and Mark Chediak California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history:...
California Highway Barrier Wasn’t Repaired Prior to Fatal Tesla Crash September 10, 2019 By David Shepardson California state transportation officials failed to repair a highway safety device seriously damaged in a high-speed crash 11 days before...
Five Cases of Lung Disease in Connecticut Possibly Linked to Vaping September 10, 2019 Connecticut public health officials say they are now investigating five cases of lung disease in state residents possibly related to...
New York Department of Transportation Employee Arrested for Workers’ Comp Fraud September 10, 2019 A New York State Department of Transportation employee has been arrested on charges that he defrauded the workers’ compensation system...
Risk Strategies Appoints Flanagan as New England Regional Operations Leader September 10, 2019 Risk Strategies, a privately held national insurance brokerage and risk management firm, has appointed Edward J. Flanagan, a veteran broker...