Monthly Archives: <span>January 2018</span>

New York Sues Fossil Fuel Majors, Plans Divestment from Pension Funds

New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil fuel investments from its $189 billion public pension funds …

Lawmakers Consider Again Extending Maine Pot Sales Ban

Maine lawmakers on Tuesday considered a proposal to extend a ban on retail sales of marijuana until May 1 to give the state more time to craft rules about legal pot. Lawmakers in the state are trying once again to …

Penn State Settles Suit Over Alleged Sandusky Abuse in 2007

Penn State has settled a lawsuit by a man who claimed former university assistant football coach Jerry Sandusky molested him in a car in 2007, when the man was about 14 years old. The settlement notice was posted Monday on …

Iroquois Northeast Hires Ward as an Agency Manager

Iroquois Northeast has hired Ben Ward as an agency manager serving member agencies in Massachusetts, Vermont, New Hampshire, Connecticut and Rhode Island. Iroquois Northeast is part of The Iroquois Group, serving member agencies in seven northeastern states. Ward previously worked …

Ford Denies Truck Owners’ Claims of Diesel Cheating

Ford Motor Co. installed software that enabled its F-250 and F-350 Super Duty trucks to cheat at passing federal emissions tests, according to a lawsuit by truck owners filed on Wednesday, a claim the No. 2 U.S. automaker described as …

Most Commercial Insurance Rates Were Up Slightly in Q4: IVANS Index

The IVANS Index of premium rate renewals for the fourth quarter showed a slight rise in the average rate change across commercial auto, business owners, general liability, and commercial property compared to Q3, but a drop in the average change …

Federal Safety Agency Seeks to Remove Roadblocks to Autonomous Trucks, Buses

Federal regulators are taking the first step toward creating a policy guiding the development of autonomous transportation beyond self-driving cars to include trucks, buses and other ground-based modes. The U.S. Transportation Department will soon publish four requests for public comment …

Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield

Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance capacity, according to a report published by Aon …

Failure to Agree on Brexit Deal Could Jeopardize 500,000 UK Jobs: Study

What would happen if the U.K. leaves the European Union in March 2019 with no deal on the single market, customs union or transition arrangements? London Mayor Sadiq Khan commissioned a study and the answer was half a million fewer …

Qatar Re Authorized by UK Regulator to Underwrite from London Branch Office

Qatar Reinsurance Co. Ltd. announced it has received authorization from the UK Prudential Regulation Authority to underwrite business from its branch office in London. Michael van der Straaten will lead the branch, in addition to his current role as the …