Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product for small businesses. Coverage purchased on Slice’s platform is …
Tesla Settles Case Over Fatal Autopilot Crash of Apple Engineer
Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday. The settlement was made on the …
European States Sign Pledge to Protect North Sea Infrastructure
Britain and other major European countries with maritime borders on the North Sea on Tuesday signed an agreement to work together to protect underwater infrastructure, including from possible Russian attacks. The six countries involved – Belgium, Britain, Denmark, Germany, Norway …
Violence Against Nurses Climbed 5% Last Year, Report Shows
Reported assaults on nurses jumped 5% across the United States in 2023, according to a new report, raising questions for workers’ compensation insurers and potentially adding to calls for legislation from Congress. Press Ganey, a company that analyzes health care …
Report: Air Ambulance Crew Administered Drug to Balloon Pilot After Arizona Crash That Killed 4
Authorities trying to determine whether drugs were involved in a fatal hot air ballon crash in Arizona released an amended autopsy report stating an anesthetic was administered to the pilot by an air ambulance company while he was being transported …
City Reaches Settlement in Lawsuit Over Death of Opioid-Addicted Woman
Relatives of a Vermont woman whose obituary drew national attention for its candid and heart-breaking discussion of her opioid addiction have reached a settlement with some of the parties who were sued for allegedly failing to provide adequate medical care. …
Farmworker Who Survived Mass Shooting at California Mushroom Farm Sues Company and Owner
A migrant farmworker who survived a mass shooting last year at a Northern California mushroom farm has filed a lawsuit against the farm and one of its owners, saying they failed to keep him safe from the colleague who authorities …
Descartes Labs Acquires Geosite in California
Descartes Labs acquired all of the operating assets of Geosite, a Palo Alto, Califorina-based SaaS provider of geospatial intelligence to property/casualty insurance companies. Rachel Olney, CEO of Geosite, will be leading the insurance technology business within Descartes Labs Inc. Geosite, …
No State Charges for Connecticut Troopers Cited in False Ticket Data Probe
Six state troopers and a constable who may have falsified data about traffic stops won’t face state criminal charges, Connecticut’s top prosecutor said Friday. Chief State’s Attorney Patrick Griffin’s office said in a statement that none of the seven officers …
New York City’s Skyscrapers Are Built to Withstand Most Earthquakes
The ground rumbled Friday beneath New York City, home to famous skyscrapers like the Empire State Building and One World Trade Center. Though buildings that can reach above 100 stories might seem especially vulnerable to earthquakes, engineering experts say skyscrapers …
St. Louis Residents Seek Compensation for Illnesses Tied to Nuclear Contamination
Karen Nickel has been dealing with lupus and other illnesses for years, illnesses she blames on childhood exposure to a suburban St. Louis creek where Cold War-era nuclear waste was dumped decades ago. It’s time, she said Friday, for the …
Texas Home Manufacturer Faces $272K Penalty for Safety Violations
An Austin, Texas subsidiary of one of the nation’s largest producers of modular and manufactured homes faces $272,479 in penalties after federal investigators found the company exposing employees to more than two dozen serious violations during an October 2023 inspection. …
Lancashire Launches US Excess & Surplus Lines Carrier
Lancashire Insurance, a subsidiary of Lancashire Group, has been launched as an excess and surplus insurer in the US, expanding the company’s international footprint. Lancashire explained that Lancashire Insurance US (LUS) operates under a delegated underwriting arrangement with Lancashire’s UK …
Pilot Says Plane That Skid at Houston Airport Had Shaky Brakes
HOUSTON (AP) — The captain of a United Airlines jet said the brakes seemed less effective than normal and the plane and brake pedals shook violently just before the Boeing 737 Max slid off a taxiway in Houston last month. …
State Bar of Wisconsin Agrees to Change Diversity Definition in Lawsuit Settlement
MADISON, Wis. (AP) — The Wisconsin association representing attorneys agreed last week to change the definition of “diversity” to settle a federal lawsuit brought by a conservative law firm that argued its internship program unconstitutionally discriminates based on race. The …
Pressure Grows on Swiss Insurer Baloise to Change Voting Rules
Shareholder pressure is growing on insurer Baloise to change its voting rules, with influential proxy adviser Glass Lewis backing one investor’s bid to remove a 2% ceiling on voting rights, saying it would make the Swiss group more attractive. Baloise …
Tech Update: Verisk Launches Next Generation Catastrophe Models
Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help insurers and reinsurers evaluate risk across the globe, …
Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?
Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …
Greece Invests Over €2 Billion to Fight Climate Change Effects
Greece is investing €2.1 billion ($2.27 billion) to protect the nation from natural disasters caused by climate change as wildfires are already breaking out ahead of fire season, which normally starts in May. The Aegis program is the first of …
11 Injured When Bus Carrying Fraternity Members Blows a Tire in Mississippi
BAY ST. LOUIS, Miss. (AP) — Eleven people were injured when a bus carrying University of South Carolina students blew a tire and hit a concrete barrier in Mississippi. Mississippi state troopers said the driver and a student were critically …