Monthly Archives: <span>September 2017</span>

Company in Fatal Queens Bus Crash Has Been Cited for Safety

The tour bus company involved in a crash with a city bus that killed three in New York City has been cited for several safety violations and was involved last year in another deadly collision, according to federal regulators. The …

XL Group Picks Dublin for Post-Brexit EU Headquarters

XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer (parent company of XL Catlin) …

Most Produce Farmers Hit by Recent Hurricanes Not Covered by Federal Crop Insurance

In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the nation’s vegetable and fruit crops aren’t covered. Hurricanes Irma and Harvey, …

Category 4 Hurricane Maria Barrels Into Puerto Rico

Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped island. Top winds reached 155 miles (249 kilometers) per hour as …

Search for Survivors Underway after Mexico Earthquake; Hundreds Killed

Mexican search and rescue teams worked through the night after an earthquake rocked one of the world’s largest urban centers, killing hundreds and reducing buildings to rubble. Military police, paramedics and volunteers, aided by giant flood lights, sifted through the …

Do You Remember Before You Knew Insurance?

When Hurricane Andrew made landfall in August 1992, I was a young soldier. To be honest, I was much more interested in my young Army career than a hurricane. When Hurricane Katrina made landfall in August 2005, I had just …

FedEx Goes Cyber Insurance Shopping After Profit Takes Hit from Attack

Package delivery company FedEx Corp. said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast. The company said the cyber attack slashed 79 cents …

EU Seeks More Control Over Insurers and Financial Sector

The European Commission proposed on Wednesday transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial …

Global Aerospace Launches Aviation Professional Services Liability Insurance

Parsippany, New Jersey, September 20, 2017 – Global Aerospace, a leading provider of aerospace insurance, announces the introduction of Aviation Professional Services Liability insurance for the aerospace industry. The coverage will be available to aerospace contractors, aircraft maintenance providers, auditors …

Ferris Wheel Owner Says Injured Kid At Fault for Tennessee Fair Accident

The owner of a Ferris wheel in which four people were injured in Tennessee last year has responded to lawsuits over the incident, saying that one of the injured children was to blame for a gondola overturning. The Greeneville Sun …