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07, 2016
Tropical Storm Darby Makes Landfall on Big Island of Hawaii: AIR
Tropical Storm Darby, which formed off the coast of Mexico on July 11, quickly reaching hurricane status as it moved westward toward Hawaii finally reaching landfall on Monday, according to catastrophe modeling firm AIR Worldwide. However, the hurricane weakened on …
26
07, 2016
Citizens Implements $1.8M Estimate Review Program for Florida Water Loss Claims
Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program. Citizens Chief Claims Officer Jay Adams said the new program will provide Citizens with “certified and …
26
07, 2016
Mississippi Nissan Plant Fined for Safety Violations
The U.S. Occupational Safety and Health Administration has cited the Nissan plant in Canton, Mississippi, for two violations. WLBT-TV reports a complaint inspection in March had one serious violation and one repeat violation. The total penalty was $32,000. Production technician …
26
07, 2016
North Carolina Starts Online Program to Dismiss Traffic Tickets
North Carolina courts have launched an online program to dismiss traffic tickets. The News & Observer of Raleigh reports that director of the state Administrative Office of the Courts Marion Warren announced the rollout of the Electronic Compliance and Dismissal …
26
07, 2016
Amazon and UK Government Form Partnership to Test Drone Deliveries
Amazon Inc. and the British government have announced a partnership to test the e-commerce giant’s aerial drone parcel delivery system after run-ins over the technology’s use. Supervised by the U.K.’s aviation safety regulator, the Civil Aviation Authority, the trial will …
26
07, 2016
AIR Worldwide Expands Global Pandemic Model to Include 6 Additional Diseases
Boston-based catastrophe risk modeling firm AIR Worldwide (AIR) announced it has expanded its Global Pandemic Model to include outbreaks of six additional diseases. The model now explicitly accounts for nine pathogens, including bacterial and viral diseases, in addition to previously …
26
07, 2016
Ship Hits Wall of Newly Expanded Panama Canal in 3rd Incident in a Month
A Chinese container ship hit a wall of the new lane of the Panama Canal, a Canal Authority official and a local ship agent said on Monday, the third such incident since the expanded waterway opened one month ago amid …
26
07, 2016
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth
Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott takes responsibility for enhancing Pen Underwriting’s capabilities in cyber risk management and insurance, building a dedicated team of sector specialists …
26
07, 2016
Everest Re Group Reports Q2 Net Income of $155.7M vs. $209.1M in Q2 2015
Bermuda-based Everest Re Group Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the same period in 2015. After-tax …
26
07, 2016
How Brexit Raises Risk of Financial Instability for U.S.
The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and negative interest rates also raise risks, a U.S. government monitor said on Monday. In its biannual update on U.S. stability, …