Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product
Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered with global specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to provide an active assailant insurance product designed …
Ohio’s Cedar Point Amusement Park Fined $50K in Age Discrimination Suit
An Ohio will pay $50,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Cedar Fair, L.P., doing business as Cedar Point, and Magnum Management Corporation, which own, operate, and …
Chicago Sues Glock Over Proliferation of Illegal Machine Guns on City Streets
CHICAGO (AP) — The city of Chicago sued Glock Inc. on Tuesday, alleging the handgun manufacturer is facilitating the proliferation of illegal machine guns that can fire as many as 1,200 rounds per minute on the streets of the city. …
Somali Pirates’ Return Adds to Crisis for Global Shipping Companies
As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline. No one …
German Cannabis Legalization Uncertainty Is Spooking Investors
Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1. After the ruling …
Britain’s Financial Services Sector Faces Long Haul to Gender Parity, Report Says
Britain’s banks and other financial firms are boosting the number of women in senior management roles, but unless the pace quickens, it will take until 2038 to reach gender parity, the finance ministry said on Thursday. The ministry’s Women in …
US Warns That Hackers Are Carrying Out Disruptive Attacks on Water Systems
The U.S. government is warning state governors that foreign hackers are carrying out disruptive cyberattacks against water and sewage systems throughout the country. In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan …
J.D. Power: Homeowners Insurance Customer Satisfaction at 7-Year Low
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the latest J.D. Power 2024 U.S. Property Claims Satisfaction Study released today. More extreme weather events …
Florida High Court Ruling Could Cut Damages for Bars Serving Booze to Minors
Insurers in Florida can can contemplate potentially lower loss costs on liquor liability policies after a recent state Supreme Court ruling that clarified when bars and restaurants can be held partially versus completely liable for some alcohol-related injuries. The court, …
Supreme Court Seems to Favor NRA in Free Speech Case Against Insurance Regulator
Supreme Court justices appeared receptive Monday to National Rifle Association claims that a former New York state official violated its free-speech rights by pressuring banks and insurance companies to blacklist the group after the deadly school shooting in Parkland, Florida. …
Member of Major Catalytic Converter Theft Crew Sentenced to More Than Three Years
A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machines. Nicolas …
Armorer Challenges Conviction in Fatal Shooting on New Mexico Movie Set
A movie set armorer is challenging her conviction on an involuntary manslaughter charge in the fatal shooting of a cinematographer by Alec Baldwin on the set of the Western film “Rust,” court records show. Defense attorneys for “Rust” armorer Hannah …
Higginbotham Expands Oklahoma Presence With Glenn Harris & Associates
Higginbotham announced it has doubled its presence in Oklahoma’s by adding Glenn Harris & Associates. Glenn Harris & Associates of Oklahoma City was founded by Principal Glenn S. Harris in 1987. The firm provides customers with one-on-one service and education …
Midwest Tornado Outbreak Linked to Record Winter Warmth
This winter’s record warmth provided the key ingredient for a Midwest outbreak of deadly tornadoes and damaging gorilla hail that hit parts of the Midwest last Wednesday and Thursday, tornado experts said. At least three people were killed in Thursday’s …
Boundless Rider Expands Motorcycle, Powersport Coverage to Illinois
Boundless Rider, a new insurtech focused on insurance for motorcycle and powersport riders, announced that policy coverage is available for purchase in Illinois. Owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds can now obtain coverage through …
NTSB Investigates Fatal Crash Involving Ford Electric Vehicle in San Antonio
The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, involving a Ford electric vehicle that may have been using a partially automated driving system. The agency said in a statement Friday that a team of …
Ohio Governor Declares Emergency After Deadly Severe Storms
COLUMBUS, Ohio (AP) — Ohio’s governor has declared a state of emergency in 11 counties across central Ohio struck by severe weather last week. Gov. Mike DeWine also activated the Ohio National Guard to help officials in one county, Logan …
Louisiana Truck Driver Charged After Deadly 2023 Pileup
RESERVE, La. (AP) — A Louisiana truck driver has been charged with negligent homicide for his role in a fiery highway pileup that left eight dead last year after a “super fog” of marsh fire smoke and dense fog snared …
5th Circuit Finds Travelers Policy Excluded Waste Dumping by Mississippi Firm
Courts have found that policy exclusions often fail due to ambiguous wording. In the case of a Mississippi company that allegedly dumped corrosive wastewater into sewer systems, though, Travelers Casualty and Surety Company’s pollution exclusion seems to have nailed it, …
Bankrupt Crypto Lender Genesis to Pay $21M to Settle SEC Charges
Genesis Global Capital LLC has agreed to pay a $21 million civil fine to settle charges that it illegally sold securities through its crypto lending program without registering them, the U.S. Securities and Exchange Commission said on Tuesday. The deal …
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