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24 06, 2022

‘Weston’s Law’ Elevator Upgrade to NC Cottages Close to Approval

By | June 24th, 2022|Uncategorized|Comments Off on ‘Weston’s Law’ Elevator Upgrade to NC Cottages Close to Approval

A safety mandate to reduce or eliminate space between elevator doors and landing doors inside North Carolina vacation cottages and other short-term rentals needs one more affirmative vote to receive final General Assembly approval. The requirement is contained in the …

24 06, 2022

Parliament Cautions Regulators: UK Finance, Insurance Yet to Feel Full Brexit Impact

By | June 24th, 2022|Uncategorized|Comments Off on Parliament Cautions Regulators: UK Finance, Insurance Yet to Feel Full Brexit Impact

Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance ministry has proposed scores of changes to rules governing …

24 06, 2022

Jury Awards $595K in Washington Salmon Pen Collapse

By | June 24th, 2022|Uncategorized|Comments Off on Jury Awards $595K in Washington Salmon Pen Collapse

A Washington state jury on awarded the Lummi Indian tribe $595,000 over the 2017 collapse of a net pen where Atlantic salmon were being raised – an event that elicited fears of damage to wild salmon runs and prompted the …

24 06, 2022

Nursing Home Owner Whose Residents Suffered in Ida in Trouble

By | June 24th, 2022|Uncategorized|Comments Off on Nursing Home Owner Whose Residents Suffered in Ida in Trouble

The owner of seven Louisiana nursing homes who sent more than 800 of his elderly residents to a crowded, ill-equipped warehouse to ride out Hurricane Ida last year was arrested Wednesday on fraud and cruelty charges arising from the squalid …

24 06, 2022

Crews Find Body of Worker Under Collapsed Iowa Grain Silo

By | June 24th, 2022|Uncategorized|Comments Off on Crews Find Body of Worker Under Collapsed Iowa Grain Silo

Crews recovered the body of a man who was buried under piles of grain and debris from a collapsed grain silo in southeastern Iowa on Wednesday. The collapse happened just before 8 a.m. Tuesday at a grain elevator at Yarmouth, …

24 06, 2022

Florida HO Premiums Highest in Nation at $4,200 Average, Triple I Report Shows

By | June 24th, 2022|Uncategorized|Comments Off on Florida HO Premiums Highest in Nation at $4,200 Average, Triple I Report Shows

A report from the Insurance Information Institute confirms what many Florida homeowners have suspected: Their insurance premiums are some of the highest in the nation. The annual cost of a Florida homeowners policy this year will jump to $4,231 – …

24 06, 2022

Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.

By | June 24th, 2022|Uncategorized|Comments Off on Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.

The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers that there are new emerging risks …

24 06, 2022

Flood Alert in China’s Manufacturing Hub at Highest Level

By | June 24th, 2022|Uncategorized|Comments Off on Flood Alert in China’s Manufacturing Hub at Highest Level

China’s manufacturing hub of Guangdong raised its flood warning to the highest level due to the worst rains in decades, spurring more evacuations and threatening further supply chain disruptions in an economy reeling from Covid-related lockdowns. Guangdong province raised its …

24 06, 2022

Florida’s Citizens Insurance Could Spend $100M on Defense Legal Fees This Year

By | June 24th, 2022|Uncategorized|Comments Off on Florida’s Citizens Insurance Could Spend $100M on Defense Legal Fees This Year

Citizens Property Insurance Corp. could spend $100 million this year on attorneys who defend claims litigation against the insurer, a significant increase from previous years. The Miami Herald reported that the insurer of last resort’s claims committee met Thursday and …

24 06, 2022

Carnival Cruise Pays $5M, Gives Up Insurance Licenses in New York Over Data Breach

By | June 24th, 2022|Uncategorized|Comments Off on Carnival Cruise Pays $5M, Gives Up Insurance Licenses in New York Over Data Breach

New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal data belonging to its customers, including New York consumers. …