Monthly Archives: <span>February 2021</span>

Fossil Fuel Pollution Kills 8.7 Million People Annually Across the Globe: Research

Efforts to slow the process of global warming focus on the future harms of continuing to burn fossil fuel, but new research released Tuesday shows that deadly consequences from pollution are killing larger numbers of people right now than had …

Hacker Breaches Florida Treatment Plant Software, Tries to Taint Water

A hacker gained unauthorized entry into a remote access software system shared by workers at a Florida city’s water treatment plant in an unsuccessful attempt to fill the water supply with a potentially harmful chemical, authorities said. An unknown suspect …

Federal Judge Sides with Chubb in Denial of Target’s Data Breach Bank Claims

Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013 data breach. A federal judge in Minnesota ruled the retailer had failed to prove that its reimbursement to banks for …

Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …

Arthur J. Gallagher & Co. Acquires Air-Sur of Florida

Arthur J. Gallagher & Co. has acquired Ormond Beach, Fla.-based Air-Sur, Inc. Terms of the transaction were not disclosed. Founded in 1976, Air-Sur is a retail insurance broker serving clients in the aviation and aerospace industry. Its clients include air …

ShoreOne Rolls Out Combined Homeowners, Flood Policy in South Carolina

Massachusetts-based managing general agent ShoreOne created a new coverage for coastal homeowners to address inadequate flood coverage. ShoreOne’s new offering combines traditional homeowners insurance with full flood coverage in a single policy. Access to the combined policy fills the coverage …

South Dakota Judge Rejects Amendment Legalizing Recreational Pot

A South Dakota judge on Feb. 8 struck down a voter-approved constitutional amendment that legalized recreational marijuana after Gov. Kristi Noem’s administration challenged it. Circuit Judge Christina Klinger ruled the measure approved by voters in November violated the state’s requirement …

With Spike in Traffic Deaths, Minnesota Ramps Up Speed Enforcement

Minnesota transportation and public safety officials have launched a traffic enforcement crackdown and awareness campaign amid a spike in deaths related to speeding during the coronavirus pandemic. Public safety, transportation and health officials gathered for a news conference to announce …

Report on California’s Formulary Shows Pharmaceutical Costs Declining

The Workers’ Compensation Insurance Rating Bureau of California has updated the cost impact evaluation of the Medical Treatment Utilization Schedule Drug Formulary, utilizing additional pharmaceutical transaction information in 2019 through the pre-pandemic period in 2020. The findings are detailed in …

California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest

In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay, CEO and executive director of the Surplus Line …