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24 09, 2020

New Mexico Disabled Woman Getting $300K Settlement

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New Mexico State Police have reached a $300,000 settlement with a disabled woman who accused an officer of grabbing and handcuffing her after she refused to provide ID in 2016. Jessica Guttman claimed in her 2018 lawsuit that she and …

24 09, 2020

NTSB: Loose Joint Caused Train Derailment that Killed Man in Texas

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A loose, improperly fastened rail joint led to a 2017 derailment in a North Texas rail switching yard that killed a worker, the National Transportation Safety Board has found. A misaligned rail joint allowed the flange of a freight car …

24 09, 2020

South Carolina Wood Pellet Plant Accused of Violating Clean Air Act

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Environmental groups threatened to sue a wood pellet factory on Tuesday, accusing it of releasing more than 100 tons of air pollution a year in violation of the Clean Air Act. A legal notice filed against Jasper Pellets says the …

24 09, 2020

Texas Windstorm Insurer Seeks More Data on Rate Adequacy, Hurricane Modeling

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The Texas Windstorm Insurance Association’s actuarial and underwriting committee is seeking more data from TWIA staff and an actuarial consulting firm on rate adequacy and catastrophe modeling for potential hurricane losses. In a meeting on Sept. 22, the committee directed …

24 09, 2020

Wisconsin Says More Loan Money Available for Rebuilding Kenosha Businesses

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The state of Wisconsin is making more money available to help small businesses in Kenosha recover from damage during recent unrest over the police shooting of Jacob Blake, officials said. Gov. Tony Evers and the Wisconsin Economic Development Corporation said …

24 09, 2020

Iowa Insurance Division Charges Trinity, Aliera Over Unauthorized Health Plans

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The Iowa Insurance Division’s Enforcement has filed charges against Trinity Healthshare Inc. and The Aliera Companies over offerings of unauthorized healthcare products. The department alleges that Trinity, purportedly operating as a health care sharing ministry, acted as an unauthorized insurer …

24 09, 2020

North Carolina Governor to Ease Restrictions on Outdoor Venues

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College and professional sports teams in North Carolina may soon be allowed to host a few thousand fans in outdoor stadiums, Democratic Gov. Roy Cooper announced on Tuesday. If the state’s coronavirus numbers continue to improve or remain flat, Cooper …

24 09, 2020

Wisconsin Home Improvement Chain Appeals Jury Award for Woman’s Injury

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Menard Inc. is appealing a jury award to a woman who was injured when she fell over a flatbed cart at its store in Minot, North Dakota. A jury last year awarded nearly $40,000 to Darlene Johnson, plus about $145,000 …

24 09, 2020

New York, California Could be Fastest Growing States for Renewables

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U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in the U.S. despite a downturn in demand for electricity during …

23 09, 2020

Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap

By | September 23rd, 2020|Uncategorized|Comments Off on Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap

The Bank of England has encouraged the government to work with U.K. insurers in preparation for future major shocks, rather than leave swathes of the economy exposed to catastrophic losses. The danger of a “protection gap” is emerging as firms …