Monthly Archives: <span>April 2019</span>

Upstate New York Prepares as Lake Ontario Water Rises Again

Emergency officials in upstate New York are again preparing for possible flooding along Lake Ontario. Niagara County’s director of emergency services, Jonathan Schultz, says lake levels have risen about five inches in 10 days. Recent heavy rains, seasonal thaw and …

Indictment Alleges New York Pharma Ex-CEO Ignored Red Flags as Opioid Crisis Raged

The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn’t have his name on a museum wing, and his company isn’t within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 …

NTSB Cites Poor Planning for Toy Run Crash That Killed Two in Maine

The National Transportation Safety Board faults law enforcement planning in a report on a double fatal crash during the United Bikers of Maine Toy Run in September 2017. The report, released Tuesday, said an unsafe maneuver by a motorcycle rider …

Board Faults Utility’s Equipment in Fatal 2016 Explosion in Maryland

A gas company’s faulty equipment is the most likely cause of an explosion at a suburban Maryland apartment complex that killed seven people in 2016, according to federal report issued Tuesday. The explosion and fire at the Flower Branch apartments …

W.R. Berkley Q1 Results Show Rate Increases Working

W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The insurer said its rate increases appear to be outpacing …

Cyclone Kenneth Grows Stronger as It Barrels Towards Mozambique

Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo Delgado …

China’s Swine Virus Epidemic Should Be a Global Concern: Opinion

It’s a familiar and ominous story. A deadly pathogen with no known cure begins spreading in China. Rather than acknowledge the problem, officials throughout the Chinese government shut down media coverage, while underreporting infection and mortality rates for fear of …

Japan Insurers to Invest in Riskier Non-Government Bonds, Seeking Higher Returns

As bond yields evaporate globally, many Japanese insurers are looking to secure higher returns at home and abroad by diversifying into riskier corporate and other non-government bonds in the financial year that began this month. Officials at Japan’s top 10 …

AXA XL Promotes Wilson to Global Head of Portfolio Solutions

AXA XL announced the promotion of Charlotte Wilson to global head of portfolio solutions, with responsibility for developing and executing the team’s global strategy. Wilson will be part of Philippe Gouraud’s Global Strategic Distribution team and will take up her …

AXA Confirms It Insured Some Notre-Dame Artworks for Several Million Euros

French insurer AXA said on Wednesday that it had provided insurance coverage for a few artworks from Notre-Dame Cathedral for a maximum amount of a few million euros. The insurer had said last week that it provided insurance for a …