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

Mississippi Residents Call for Special Session on Medical Marijuana at Capitol Protest

People protested Tuesday near the Mississippi Capitol and the state Supreme Court building to demand that Gov. Tate Reeves call legislators into special session to restore a medical marijuana initiative that voters approved in November and that justices recently overturned. …

4 Killed in Florida Firefighting Helicopter Crash

A firefighting helicopter with four people on board crashed near an airport in central Florida, killing at least one person, officials said. The helicopter crashed into a marsh near Leesburg International Airport during a training exercise around 4 p.m. Tuesday, …

AM Best: Florida’s Property Insurance Market Hit 5-Year Financial Low in 2020

AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and significant market hurdles, companies will find sustaining current surplus levels a challenge, according to a new commentary from the ratings …

Texas Nurse Practitioner Gets 20 Years, Must Pay Over $52M in Healthcare Fraud Case

A Waxahachie, Texas, nurse practitioner has been sentenced to 20 years in federal prison and ordered to repay more than $52 million in restitution for his role in a healthcare and insurance fraud scheme, according to Acting U.S. Attorney for …

Italian Police Arrest 3 People After Funicular Disaster Kills 14

ROME (AP) – Police arrested three people Wednesday in the cable car disaster that killed 14 people in northern Italy, saying workers placed a clamp on the emergency brake to deactivate it as a patchwork repair – one that prevented …

Cyber Insurers Hike Rates But Worry About Pricing Long-Term As Losses Mount: Fitch

U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike in cyber claims, according to Fitch Ratings. Fitch predicts that immediate improvement is unlikely this year from these actions and …

Penn. Court Says Tavern Entitled to Business Income Coverage for COVID-19 Losses

An insurer could have to pay for a Pennsylvania tavern’s business interruption losses after it shut down due to the COVID-19 pandemic because of a two-letter word in its policy. The Pennsylvania Court of Common Pleas for Allegheny County has …

New U.S. Rules Require Pipelines to Report Cyber Incidents, Mitigate Risks

The Department of Homeland Security issued a new security directive for pipeline owners and operators on Thursday after a hack of the Colonial Pipeline disrupted fuel supplies in the southeastern United States for days this month. “The recent ransomware attack …

BMS Launches Operations in Turkey, Hires Executive Team

BMS, the London-based independent specialist insurance and reinsurance broker, announced it has launched operations in Turkey. Called BMS Sigorta ve Reasürans Brokerliği, or “BMS Turkey,” the business is headquartered in Istanbul. Servet Gurkan, chairman, will lead the new operation along …

Residents Debate Reopening of Car-Free San Francisco Streets

For Vanessa Gregson, the four-lane highway that borders the beach along San Francisco’s Pacific Ocean is now an automobile-free sanctuary where she can blissfully ride her bicycle and enjoy the quiet. “You hear the beach. You hear the waves,” said …