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Georgia House Approves Bill to Let Drivers Refuse to Sign Traffic Tickets 23 February 2024

Georgia House Approves Bill to Let Drivers Refuse to Sign Traffic Tickets

ATLANTA (AP) — Georgia lawmakers are seeking to change state law to say that officers don’t have to arrest people who refuse to sign traffic tickets after a church deacon died in August after initially refusing to sign a citation …

Sand Hole Collapse at Florida Beach Kills Child, Can Happen Around US 23 February 2024

Sand Hole Collapse at Florida Beach Kills Child, Can Happen Around US

FORT LAUDERDALE, Fla. (AP) — The collapse of a sand hole that killed a 7-year-old Indiana girl who was digging with her brother on a Florida beach is an underrecognized danger that kills and injures several children a year around …

People Moves: Bridge Specialty Adds Five to Dallas Office 23 February 2024

People Moves: Bridge Specialty Adds Five to Dallas Office

A group of five experienced individuals have joined the new Bridge Specialty Insurance Brokerage – Dallas office. Janie Williams, broker, brings more than 30 years’ experience to Bridge Specialty Insurance Brokerage (BSIB) Dallas. Janie’s career spans both the retail and …

Wisconsin Governor Signals He Won’t Sign Bill to Fight PFAS 23 February 2024

Wisconsin Governor Signals He Won’t Sign Bill to Fight PFAS

MADISON, Wis. (AP) — Democratic Gov. Tony Evers signaled Wednesday that he has no intention of signing a Republican bill that would spend tens of millions of dollars to address pollution from the so-called forever chemicals known as PFAS because …

Florida Litigation Funding Bill Founders; Plan to Bar Policy Cancellations Gets Changes 23 February 2024

Florida Litigation Funding Bill Founders; Plan to Bar Policy Cancellations Gets Changes

Florida bills that target litigation financing, which seemed to be on their way to quick approval a week ago, have all but foundered in the state Capitol. House Bill 1179, by Rep. Toby Overdorf, and its companion, Senate Bill 1276, …

Aeronautical Manufacturer Fined $284K for Safety Violations at Oklahoma Plant 23 February 2024

Aeronautical Manufacturer Fined $284K for Safety Violations at Oklahoma Plant

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited an aeronautical parts manufacturer for exposing workers to nearly two dozen safety hazards following a complaint about a lax safety environment at the company’s plant in Catoosa, Oklahoma. …

Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond 23 February 2024

Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond

Fidelis Insurance Holdings Ltd., the Bermuda insurance holding company, announced it has closed a new catastrophe bond via its “Herbie Re” program. This is the fifth series of notes issued by Herbie Re and will provide Fidelis Insurance Holdings (also …

AM Best Upgrades Credit Ratings of United Frontier Mutual, New Member of Allegany 23 February 2024

AM Best Upgrades Credit Ratings of United Frontier Mutual, New Member of Allegany

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of United Frontier Mutual Insurance Co., which is headquartered in Lockport, New York. At …

Arbella Insurance Teams Up With Soccer’s New England Revolution 23 February 2024

Arbella Insurance Teams Up With Soccer’s New England Revolution

New England insurer Arbella Insurance Group has signed a partnership agreement with the New England Revolution soccer team for the 2024 and 2025 Major League Soccer seasons. As part of the sponsorship, Arbella is named the “Official Auto Insurance Sponsor” …

People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks 23 February 2024

People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks

This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance Division Everest Group Ltd., the global property, …

UnitedHealth Blamed ‘Nation-State’ Threat in Hack That Disrupted Pharmacy Orders 23 February 2024

UnitedHealth Blamed ‘Nation-State’ Threat in Hack That Disrupted Pharmacy Orders

A cyberattack against a division of UnitedHealth Group Inc. has caused a nationwide outage of a computer network that’s used to transmit data between health-care providers and insurance companies, rendering some pharmacies unable to process prescriptions, according to the company …

Specialist Fire Research Consultancy Halliwell Launches London Office 23 February 2024

Specialist Fire Research Consultancy Halliwell Launches London Office

Halliwell Fire Research, the Auckland, New Zealand-based applied fire research consultancy, has expanded its international presence with the launch of a London office. The expansion follows the recent rebrand of Fire Research Group (FRG) to Halliwell Fire Research, which saw …

SEC Drops Some Emissions Disclosure Requirements From Draft Climate Rules 23 February 2024

SEC Drops Some Emissions Disclosure Requirements From Draft Climate Rules

The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said on Thursday. The SEC has …

Fitch: Homeowners Insurers’ Results to Improve In 2024 23 February 2024

Fitch: Homeowners Insurers’ Results to Improve In 2024

U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage risk concentrations and aggregations, points to improvement in …

Houthis to Step Up Red Sea Strikes, Use ‘Submarine Weapons’, Leader Says 23 February 2024

Houthis to Step Up Red Sea Strikes, Use ‘Submarine Weapons’, Leader Says

Yemen’s Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship and a drone assault on an American destroyer on Thursday, and they targeted Israel’s port and resort city of Eilat with ballistic missiles and drones. The statement …

A Decade After MH370, Planes Still at Risk of Vanishing Off the Map 23 February 2024

A Decade After MH370, Planes Still at Risk of Vanishing Off the Map

“Good Night. Malaysian Three Seven Zero.” Those six words were the last radio transmission from the cockpit of Malaysia Airlines Flight 370, less than an hour after the aircraft took off late at night from Kuala Lumpur to Beijing on …

Allianz Grows Wealth Bet With Stake in $68 Billion Money Manager AlTi 23 February 2024

Allianz Grows Wealth Bet With Stake in $68 Billion Money Manager AlTi

Allianz SE is making a strategic investment in money manager AlTi Global Inc. in an expansion of the insurance giant’s global holdings in wealth management. The German insurer’s venture arm, together with alternative asset management platform Constellation Wealth Capital, will …

Allianz Shares Drop on Weak Results in P/C Insurance 23 February 2024

Allianz Shares Drop on Weak Results in P/C Insurance

Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating profit in the segment came in at €1.6 billion ($1.7 billion), Allianz said Friday. That was below the €1.8 billion …

Iowa School District to Pay $20K to Settle Gender Policy Lawsuit 23 February 2024

Iowa School District to Pay $20K to Settle Gender Policy Lawsuit

MARION, Iowa (AP) — An Iowa school board has reached an agreement resolving a lawsuit over a now-rescinded district policy that allowed students to request a gender support plan to begin socially transitioning at school, without the permission of their …

AccuWeather Warns of Potential ‘Super-Charged’ 2024 Hurricane Season 23 February 2024

AccuWeather Warns of Potential ‘Super-Charged’ 2024 Hurricane Season

AccuWeather experts warn that the return La Niña and historically warm water across the Atlantic Ocean could contribute to a “super-charged” hurricane season in 2024. AccuWeather long-range forecasters say that the current El Niño pattern is expected to transition to …

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety 23 February 2024

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety

Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of generative AI adoption. Yet these …

AT&T Restores Service After Hours of Outage 23 February 2024

AT&T Restores Service After Hours of Outage

AT&T said late on Thursday an outage that disrupted calls and text messages for thousands of U.S. users and prompted federal investigations was not caused by a cyberattack. The carrier had restored wireless service for all affected customers, several hours …

American Airlines Must Face Lawsuit Over ESG Retirement Investing 23 February 2024

American Airlines Must Face Lawsuit Over ESG Retirement Investing

American Airlines must face a lawsuit claiming it failed to prudently oversee employee retirement funds because it used asset managers that pursued sustainable investment strategies, a federal judge in Fort Worth, Texas ruled. U.S. District Judge Reed O’Connor said pilot …

Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit 23 February 2024

Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit

In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar Kevin Durant’s penthouse in …

ALKEME Acquires Ferrante Insurance Services in California 23 February 2024

ALKEME Acquires Ferrante Insurance Services in California

ALKEME acquired Ferrante Insurance Services in Concord, California. Ferrante Insurance Services specializes in providing commercial risk services to contractors throughout California including general liability, workers’ compensation, business auto and bonds. ALKEME is an insurance agency providing businesses and individuals commercial …

Workers’ Comp Rating Bureau Working on 2024 NAIC Terrorism Risk Insurance Data Call 23 February 2024

Workers’ Comp Rating Bureau Working on 2024 NAIC Terrorism Risk Insurance Data Call

The Workers’ Compensation Insurance Rating Bureau plans to submit to the National Association of Insurance Commissioners (NAIC) insurer-specific California workers’ comp terrorism exposure data, including policy counts, payroll and terrorism premium information, by March 1. The data from the WCIRB, …

OSHA Seeks $306K Fine From Massachusetts Roofer for Alleged Fall Safety Violations 23 February 2024

OSHA Seeks $306K Fine From Massachusetts Roofer for Alleged Fall Safety Violations

A Framingham, Massachusetts roofing contractor with a history of fall-related safety violations again exposed its employees to potentially fatal falls, this time to falls of up to 20 feet at a residential worksite in Boston’s Hyde Park neighborhood, according to …

Report Shows Metal Tube Ruptured, Causing Fire at California Renewables Facility 23 February 2024

Report Shows Metal Tube Ruptured, Causing Fire at California Renewables Facility

The U.S. Chemical Safety and Hazard Investigation Board released an update on the agency’s investigation of a Nov. 19, 2023, fire at the Martinez Renewables facility in Martinez, California, finding that a metal tube ruptured within a reactor charge furnace …

Bumble Faces Penalty for Failing to Disclose If Its Dating App Suitors Include Criminals 23 February 2024

Bumble Faces Penalty for Failing to Disclose If Its Dating App Suitors Include Criminals

Texas-based internet dating service provider Bumble, Inc. will pay $315,000 and change its business practices to settle allegations it violated New Jersey’s consumer protection and internet dating safety laws by misrepresenting or failing to disclose its criminal background screening policies …

Texas Governor Names Ladner Chair, Appoints Houston To Risk Management Board 22 February 2024

Texas Governor Names Ladner Chair, Appoints Houston To Risk Management Board

Texas Governor Greg Abbott has appointed Jeffrey Houston to the Risk Management Board for a term set to expire on February 1, 2025. Additionally, the Governor named Gerald Ladner, Sr. chair of the board. The Board coordinates, monitors, and directs …