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

$17M Jury Award in Deadly Shooting by Off-Duty Officer in California

A federal jury has awarded $17 million to the parents of a mentally ill man who was shot in a Costco store by an off-duty Los Angeles police officer. The panel in Riverside ruled in a lawsuit filed against the …

Inside the New Mexico Movie Set Where Baldwin’s Gun Fired

Light from a high afternoon sun slanted through the tall windows of the weathered wooden church, catching on the plank floorboards and illuminating the stained glass. Outside, the arid ground of the northern New Mexico foothills stretched for miles – …

Month-Long Halt in Hurricanes Thanks to Dry Air and Atmospheric Lull

This year’s hurricane season started out as one of the most prolific in the modern era. Then suddenly, in October, the storms stopped. As of Friday, the Atlantic hasn’t produced a single new tropical storm in a month. Such a …

Family of Man Killed by Snowblower Sues Two Maine Hospitals

The son of a man who died in a snowblower accident in 2017 has filed a wrongful death lawsuit against both of Bangor’s hospitals and two medical professionals. Herbert Pelletier, 86, died four years ago of complications of a ruptured …

First Half of Year Recorded 18% increase in Road Fatalities

Traffic deaths across the country soared by 18.4% in the first six months of 2021, the largest number of projected fatalities in that time period since 2006. The Department of Transportation’s National Highway Traffic Safety Administration reported that an estimated …

Climate Protesters Spill 1,000 Liters of Fake Oil Outside Lloyd’s of London

Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign to draw attention to the finance industry’s financing of fossil fuels. The activists were protesting the insurance marketplace’s underwriting of …

Flood Re Tours UK With ‘Floodmobile’ Before COP26 to Highlight Flood Resilience

Flood Re, the joint initiative between the UK government and insurance industry to help make home flood insurance more affordable, has been touring flood-prone cities in the UK to highlight the resilience measures that residents and businesses can install to …

Swiss Re Reports Better-Than-Expected Profit Despite Major Claims

Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as it recovers from the impact of the coronavirus pandemic despite big claims from major storms on both sides of the …

Severe South Australia Storms Declared a Catastrophe by Insurance Council

The Insurance Council of Australia (ICA) has declared an insurance catastrophe for parts of South Australia, which were hit by significant hail, rain, and strong winds over the past 24 hours. Insurers have received more than 12,000 claims so far …

Amazon-Backed Indian Online Insurer Acko Valued at $1.1B in New Funding Round

General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing the Indian online insurer at $1.1 billion. Existing investors including Canada Pension Plan Investment Board and Lightspeed, a global technology …