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9 03, 2023

Firefighters Contain New Jersey Forest Fire That Threatened 15 Homes

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LITTLE EGG HARBOR, N.J. (AP) – A wind-whipped forest fire in the southern New Jersey Pinelands that threatened 16 homes Tuesday was fully contained by nightfall, and firefighters said they believed the homes were no longer in jeopardy. No injuries …

9 03, 2023

Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms

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Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London’s markets competitive. Finance bosses have warned that the British capital risks …

9 03, 2023

Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’

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Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion). This compares to a profit of £2.3 billion ($2.7 billion) and investment income of …

9 03, 2023

New York State, City Lawmakers Look to Curb Lithium-Ion Battery Fires

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Lawmakers in Albany and New York City are pushing measures they hope will curb incidents of lithium-ion battery fires, which have risen in the past few years. They include measures requiring that all batteries and chargers being sold be certified …

8 03, 2023

NHTSA Opens Tesla Probe Into Reports Steering Wheels Fell Off

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The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles after two reports of steering wheels falling off while driving. The U.S. auto safety regulator said the steering …

8 03, 2023

EPA to Propose Limits on Toxic ‘Forever Chemicals’ in Drinking Water

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The Environmental Protection Agency is expected to propose restrictions on harmful “forever chemicals” in drinking water after finding they are dangerous in amounts so small as to be undetectable. But experts say removing them will cost billions, a burden that …

8 03, 2023

Show Must Go On for Broadway Theaters’ Covid Loss Claim, Federal Judge Rules

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A New York federal judge has refused to lower the curtain on a Covid-19 business loss claim by the owner of five Broadway theaters because the entertainment insurance policy language is ambiguous as to whether the theater suffered one loss …

8 03, 2023

California Oil Company Paying $65M for Oil Spills

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A defunct company that spilled more than a million gallons of crude oil and wastewater in California must pay more than $65 million in penalties and cleanup costs, federal prosecutors announced. A federal court entered a final judgment last week …

8 03, 2023

Florida Senate Committee Approves Tort-Reform Bill, but Changes Are Possible

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A Florida bill that aims to further limit injury and insurance litigation and attorney fees passed a state Senate committee Tuesday after heavy debate – but with few changes. Senate Bill 236, the companion to House Bill 837, a wide-ranging …

8 03, 2023

Women Still Underrepresented in Agency Leadership: Survey

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A new report showed that while more agencies have at least one woman in leadership, men still outnumber women in leadership two to one. Women make up more than half of all employees in insurance agencies, but less than one-third …