Dropped Thermos May Have Been Behind Deadly 2017 New York Bus Crash

Article 0 Comments A dropped thermos wedged between the brake and accelerator pedals of a charter bus may have been behind a 2017 crash in Flushing, New York, that killed three people, U.S. transportation investigators said Thursday. The motorcoach ran a red light at roughly 60 miles per hour and […]

Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb

Article 0 Comments A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?” The Chubb survey of 1,000 SMEs across Singapore, Hong Kong and Australia, reveals that: Most respondents […]

Nebraska Grain Processing Plant to Pay $45M in Pollution Settlement

Article 0 Comments A judge has approved a class-action settlement between Muscatine, Nebraska, residents and a local factory that they blame for a noxious odor and haze and for causing health problems. District Judge John Telleen on approved the settlement over the Grain Processing Corporation plant, which makes corn-based products, […]

ICT: Destructive Weather Took a Break in Texas Last Year

Article 1 Comments Between 2015 and 2017, Texas experienced a record number of tornadoes, hailstorms and a hurricane, but the state finally got a reprieve from all of the destructive weather in 2018, the Insurance Council of Texas (ICT) reported. Prior to last year, Texas experienced a record number of […]

January Renewals Show Higher Prices for Clients with Poor Loss Records: Willis Re

Article 0 Comments Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records, and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re. A two-track […]

PLUS Experts: One of the Biggest Gaps in Cyber is Explaining it to Customers

Article 0 Comments What’s one of the biggest gaps in cyber? Good communication between the insurance industry and customers, who are in need of more than just products to help protect them from risks in the rapidly changing digital world. That was the consensus from a panel of experts speaking […]

QBE Ventures, Zeguro Partner on ‘Cybersecurity Officer’ Small Business Platform

Article 0 Comments A new partnership between QBE Insurance Group and cybersecurity management company Zeguro offers small and medium-sized business customers access to a virtual ‘Cybersecurity Officer’ to protect against their cyber exposures. Zeguro’s online platform enables users to automate their cybersecurity processes, detect for and manage any cyber risks […]

Run-Off Venture SOBC Darag Completes First Acquisition of Florida Auto Insurer Peachtree

Article 0 Comments SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The acquisition of Peachtree was completed after receipt of Florida Office of Insurance Regulation approval. SOBC […]

Alabama School Bus Crash Kills 1, Injures 11

Article 0 Comments A crash between an Alabama school bus and a passenger vehicle has killed one person in the vehicle and injured 11 on the bus. State Police Trooper Cpl. Jimmy Harrell tells AL.com 31-year-old Amanda Nicole Hubbard died in the Tuesday night wreck near Talladega. Handley High School […]

Large Hole Opens Between 2 Homes in Florida

Article 0 Comments A large hole has opened between two homes in a gated community in Florida. Pasco County officials said in an email sent Sept. 5 that about half of the hole – which is 40-feet (12-meters) across and 20-feet (6-meters) deep – is under one of the homes […]