News Archives - Insurance Journal

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1 07, 2022

Tropical Storm Bonnie Forms Near Nicaragua in Caribbean

By | July 1st, 2022|Uncategorized|Comments Off on Tropical Storm Bonnie Forms Near Nicaragua in Caribbean

Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 …

1 07, 2022

North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor

By | July 1st, 2022|Uncategorized|Comments Off on North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor

Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals received final legislative approval on Wednesday. The House voted unanimously to accept a version of legislation passed in the Senate last week …

1 07, 2022

New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

By | July 1st, 2022|Uncategorized|Comments Off on New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an …

1 07, 2022

State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance

By | July 1st, 2022|Uncategorized|Comments Off on State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance

State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western sanctions. “I can say that of today, nearly all Russian insurance market …

1 07, 2022

Explainer: Will U.S. Supreme Court EPA Ruling Rein in Federal Regulators?

By | July 1st, 2022|Uncategorized|Comments Off on Explainer: Will U.S. Supreme Court EPA Ruling Rein in Federal Regulators?

The U.S. Supreme Court on Thursday curtailed the Environmental Protection Agency’s ability to restrict greenhouse gas emissions from power plants in a 6-3 ruling that some legal experts said would more broadly curb the federal government’s regulatory power. Below is …

1 07, 2022

Regulators: Amtrak Train Was Below Speed Limit Before Fatal Crash

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An Amtrak passenger train was going about 87 mph (140 kph) when it collided with a dump truck at a rural Missouri railway crossing, killing four people, an official with the National Transportation Safety Board said Wednesday. The speed limit …

1 07, 2022

Vertafore Acquires MGA Systems

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Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York. Vertafore said the acquisition gives its customers access to policy administration and rating programs that will …

1 07, 2022

Ohio Vehicle Parts Manufacturer Faces $315,000 in Fines

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An Ohio aluminum vehicle parts manufacturer cited for safety and health violations after a worker in Ravenna suffered fatal injuries in March 2021, continues to put workers at risk. The U.S. Department of Labor’s Occupational Safety and Health Administration found …

1 07, 2022

Regulator Bars Texas Plant Restart Over Safety Concerns

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The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart operations until it addresses risks to public safety, a pipeline regulator said on Thursday. The June 8 blast …

1 07, 2022

2 Workers Presumed Dead in Texas Trench Collapse

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Two workers were presumed dead after a trench they were digging for a sewer line in Texas on Tuesday collapsed and buried them, officials said. The workers were digging a 24-foot-deep (7-meter-deep) in new subdivision under development in Jarrell, about …