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

Oregon Woman Awarded $315K Over Zip Line Fall

An Oregon woman has been awarded $315,000 after suing her friend’s parents over a fall from a zip line that was installed at their property. The Oregonian/OregonLive reports a Washington County jury last week awarded the damages to 20-year-old Aaliyah …

Marijuana Regulators in California Send Cease Order to Nearly 1K Businesses

Nearly 1,000 individual cannabis businesses have been sent cease-and-desist letters or emails by California regulators during an ongoing enforcement process, a first step in a long effort to ensure the state’s industry is fully regulated and operating like those in …

Safety Worry: Keeping Humans In and Around Autonomous Vehicles Engaged

After partially faulting Tesla Inc.’s automation system for a 2016 fatal crash, U.S. safety investigators last year called on carmakers to do more to ensure drivers stay engaged as next-generation cars start to steer themselves. Since then, the National Transportation …

CoverWallet Expands Presence in U.S. With Rochester Office

CoverWallet, a small business insurance startup, has expanded its presence in the U.S. with a new office in Rochester, N.Y. This expansion comes as CoverWallet in February announced a strategic partnership with Zurich to grow its presence in Europe. The …

Markel Corporation Names Kenny Managing Director in Virginia Headquarters

Markel Corporation has named Brian Kenny managing director of strategic customer growth. Kenny is based in Markel’s headquarters in Richmond, Va., and reports to Markel Assurance President Bryan Sanders. In his new role, Kenny will work across the Markel Assurance …

Massachusetts Auto Auction Where Five Died Assessed $200K in Penalties

Federal workplace safety regulators say a Massachusetts auto auction where five people died when a vehicle careened into a crowd last May has agreed to pay $200,000 in penalties. The U.S. Department of Labor’s Occupational Safety and Health Administration announced …

Police: GPS Failed to Warn Bus Driver Before New York Overpass Crash

The out-of-state driver of a charter bus full of high school students that crashed into a low-hanging overpass on a Long Island parkway was using a non-commercial GPS device that didn’t warn him about the hazard in time to prevent …

PERILS Issues Updated Industry Exposure Database for Australia, Europe & Turkey

PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released a 2018 update of its Industry Exposure Database (IED). The updated country IEDs have again been produced from scratch, based on exposure information received from more …

EPIC Holdings Names Beecher Carlson’s Denton as President

EPIC Insurance Brokers & Consultants announced the addition of insurance industry veteran Steve Denton as president of its parent company EPIC Holdings, Inc. reporting to EPIC Holdings CEO John Hahn. Denton will join EPIC as of May 1, 2018. Denton …

China’s Ant Financial Targets at Least $8B in Investor Funding: Sources

China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan said. Singapore state investor …