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17 01, 2023

Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout

By | January 17th, 2023|Uncategorized|Comments Off on Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout

Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened 20 years ago after the near-collapse of life assurance company Equitable Life, the Bank of England said on Monday. Late …

17 01, 2023

Fires Becoming Deadlier as Firefighter Recruitment Wanes

By | January 17th, 2023|Uncategorized|Comments Off on Fires Becoming Deadlier as Firefighter Recruitment Wanes

Fires feeding off modern materials found in people’s homes are burning faster and becoming deadlier at the same time that fire departments across the country are struggling to retain and recruit firefighters, officials said Thursday. Officials with various firefighting-related agencies …

13 01, 2023

Art Collector Says Van Gogh Painting on Display in Detroit Museum Was Stolen From Him

By | January 13th, 2023|Uncategorized|Comments Off on Art Collector Says Van Gogh Painting on Display in Detroit Museum Was Stolen From Him

In October, the Detroit Institute of Arts pulled back the curtains on its three-month Van Gogh exhibit, proudly boasting that its expo of 74 paintings was one of the largest-ever collections assembled of the Dutch master’s famous works. Now a …

13 01, 2023

Cyber Attack Shuts Down Iowa’s Largest School District

By | January 13th, 2023|Uncategorized|Comments Off on Cyber Attack Shuts Down Iowa’s Largest School District

DES MOINES, Iowa (AP) – Iowa’s largest school district cancelled classes for Tuesday after determining there was a cyber attack on its technology network. Des Moines Public Schools announced Monday that classes would be cancelled for its 33,000 students after …

13 01, 2023

WTW Combines Asia and Australasia Into APAC Unit With Weaver as Head

By | January 13th, 2023|Uncategorized|Comments Off on WTW Combines Asia and Australasia Into APAC Unit With Weaver as Head

Insurance broker WTW announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective Jan. 1, 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as head …

13 01, 2023

Revisiting School Safety After Shooting of Virginia Teacher by 6-Year-Old

By | January 13th, 2023|Uncategorized|Comments Off on Revisiting School Safety After Shooting of Virginia Teacher by 6-Year-Old

NEWPORT NEWS, Va. (AP) — The shooting of a first-grade teacher by a 6-year-old boy has plunged the nation into uncharted waters of school violence, with many in the Virginia shipbuilding city where it happened demanding metal detectors in every …

13 01, 2023

7 Deaths, Severe Damage in Alabama as Tornadoes Rip Across the Southeast

By | January 13th, 2023|Uncategorized|Comments Off on 7 Deaths, Severe Damage in Alabama as Tornadoes Rip Across the Southeast

At least seven people were killed in central Alabama and more are missing after tornadoes and severe storms left a swath of damage across parts of the South. Local news reports said that a large tornado ripped through historic Selma, …

13 01, 2023

Jury Clears Boston Trolley Driver of Negligence Charges Involving Crash That Injured 27

By | January 13th, 2023|Uncategorized|Comments Off on Jury Clears Boston Trolley Driver of Negligence Charges Involving Crash That Injured 27

The driver of a Boston light-rail trolley that crashed into the rear of another train in the summer of 2021, sending 27 people to the hospital, was cleared by a jury Wednesday of a gross negligence charge. Owen Turner, 51, …

13 01, 2023

Shareholders Sue Southwest Airlines Over Flight Meltdown

By | January 13th, 2023|Uncategorized|Comments Off on Shareholders Sue Southwest Airlines Over Flight Meltdown

Shareholders filed a lawsuit against Southwest Airlines Co. on Thursday, accusing the carrier of fraudulently concealing problems that led last month to an operational meltdown and more than 15,000 flight cancellations. According to the proposed class action filed in federal …

13 01, 2023

Florida OIR: Litigation Cost Data Due March 1

By | January 13th, 2023|Uncategorized|Comments Off on Florida OIR: Litigation Cost Data Due March 1

The Florida Office of Insurance Regulation is reminding property/casualty carriers that litigation cost data for 2022 is due March 1. The data call was required by Senate Bill 76 in 2021 as a way to determine the amount of claims …