|Excavation contractor cited in trench fatality, deemed severe violator
U.S. workplace safety regulators have cited and proposed penalties of $202,201 against an Ohio excavation contractor after an employee suffered fatal injuries in a trench collapse and placed the company in its Severe Violator Enforcement Program.
POSTED JUNE 25, 2018 10:21 AM
|Marsh expands in Texas with Wortham buy
POSTED JUNE 25, 2018 9:18 AM
|Osaka quake damages more than 6,000 buildings
Japanese authorities said that a recent 6.1-magnitude earthquake damaged more than 6,200 buildings in Osaka Prefecture and 531 structures in neighboring regions.
POSTED JUNE 25, 2018 6:09 AM
|China takes over ownership of Anbang
The China Banking and Insurance Regulatory Commission said that government-owned China Insurance Security Fund has taken nearly full ownership of Anbang Insurance Group Co. Ltd.
POSTED JUNE 25, 2018 6:08 AM
|More than 300 flights canceled amid air controllers' strike
Airlines in Europe cancelled more than 300 flights to and around France after air traffic controllers went on strike at Marseille Provence Airport on June 23 and June 24.
POSTED JUNE 25, 2018 6:07 AM
|Fire likely to disrupt power, steam supply at petrochemical plant
A fire that broke out at Japan-based Mitsui Chemicals Inc.'s plant in Osaka on June 21 is likely to disrupt supply of electricity, water and steam to its petrochemical facilities.
POSTED JUNE 25, 2018 6:06 AM
|Consolidation, risk-based supervision would boost resilience: Report
A report by Cyprus-based Capital Intelligence Ratings Ltd. said that Iran's insurance industry needs to consolidate and move toward a risk-based supervisory system to increase resilience.
POSTED JUNE 25, 2018 6:04 AM
|BMS Group partners with Turkish insurance broker
U.K.-based insurance broker BMS Group Ltd. has partnered with Turkish counterpart Ronesans Reasurans ve Sigorta Brokerlik A.S. to expand its operations in the region.
POSTED JUNE 25, 2018 6:03 AM
|XL Catlin launches aviation insurance in Mexico
Bermuda-based insurer XL Catlin has launched specialty aviation insurance cover in Mexico focusing on general aviation hull and liability risks.
POSTED JUNE 25, 2018 6:02 AM
News – Insurance Journal
|Several Lawsuits Allege Racial Profiling in Oregon Businesses
Several African Americans are suing big-box stores and restaurants in Oregon, claiming employees at those places wrongly accused them of stealing because they were “shopping while black.” A Portland law firm has filed five lawsuits alleging racial profiling at businesses …
POSTED JUNE 25, 2018 3:04 PM
|Honolulu Bills Aimed at Taxi, Ridesharing Companies
Officials in Honolulu, Hawaii are introducing two bills that would make regulations on traditional taxicab companies more in line with regulations on ridesharing companies. Taxi companies such as Charley’s, The Cab and EcoCab have voiced disappointment over upstart transportation companies …
POSTED JUNE 25, 2018 2:58 PM
|Energy Company Cited for 25 Safety Violations After Fatality at N.H. Plant
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited EWP Renewable Corp., doing business as Springfield Power LLC, for 25 safety violations after an employee suffered fatal injuries when he was pulled into a conveyor at …
POSTED JUNE 25, 2018 2:08 PM
|Florida Man Sentenced to Five Years’ Probation for Workers’ Comp Fraud
A Trinity, Fla., man has been sentenced to five years’ probation, with the first six months to be served on home detention, for making a false statement in connection with his workers’ compensation benefits. As part of the sentence issued …
POSTED JUNE 25, 2018 1:58 PM
|Protecting the Planet from Asteroids, Comets
The U.S. government is stepping up efforts to protect the planet from incoming asteroids that could wipe out entire regions or even continents. The National Science and Technology Council released a report last week calling for improved asteroid detection, tracking …
POSTED JUNE 25, 2018 1:52 PM
|Flooding in Virginia Closes Airport, Traps Several Drivers
Officials say flooding and severe weather in Virginia have closed the state capital’s airport and trapped some motorists. Richmond International Airport tweeted that it was closing due to flooding for several hours Friday morning. Parts of Interstate 64 also shut …
POSTED JUNE 25, 2018 1:51 PM
|Residents Say Home Run Balls from Local Rhode Island Field Damage Property
Residents in a Newport, R.I., neighborhood say baseballs hit out of a field used by a collegiate summer league team are damaging their houses and cars. The Newport Daily News reports residents gathered at City Hall to discuss the errant …
POSTED JUNE 25, 2018 1:48 PM
|Restaurants, and Diners, Pay High Price for Food-Related Illnesses
A single foodborne illness outbreak could cost a restaurant millions of dollars in lost revenue, fines, lawsuits, legal fees, insurance premium increases, inspection costs and staff retraining, a new study from researchers at the Johns Hopkins Bloomberg School of Public …
POSTED JUNE 25, 2018 1:44 PM
|Here’s a Shocker: Insurance Industry Reserves Still Adequate
Although analysts at Conning didn’t actually use the word “shocked” in their latest report on the property/casualty industry’s loss reserve position, the title of the report—and the image on the front page—made it clear that the analysts didn’t see the …
POSTED JUNE 25, 2018 1:39 PM
|Rhode Island Quarry Blast That Injured Two Town Workers Ruled Accidental
Rhode Island officials have ruled the quarry blast that injured two town employees and damaged multiple buildings accidental. The Westerly Sun reported the state Fire Marshal’s Office found the blast at the Westerly quarry did not violate state law or …
POSTED JUNE 25, 2018 1:37 PM