Monthly Archives: <span>April 2022</span>

EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia

An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure, published April 8, will allow EU governments to …

After Suspending New HO Business, UPC Consolidates Subsidiaries

Four months after its largest subsidiary stopped writing new homeowner business in Florida, United Insurance Holdings Corp. announced it would consolidate four of its companies into three. Publicly traded United, also known as UPC Insurance, owns Journey Insurance Co., American …

Responses to U.S. SEC Climate Disclosure Rules Keep Coming in

There’s been a lot of ringing in on newly proposed rules from the Securities and Exchange Commission mandating that all publicly traded U.S. companies disclose their annual greenhouse-gas emissions and the climate risks their businesses face. SEC Chair Gary Gensler …

Tornado Confirmed in North-Central Iowa

A tornado hit near Gilmore City in rural north-central Iowa as a strong line of storms moved across the state overnight, the National Weather Service confirmed Wednesday. The tornado was confirmed by a trained spotter southwest of the small town …

Blizzard in North Dakota, Possible Tornado in SE Minnesota

A possible tornado tore up a small Minnesota town and a blizzard forced the closure of the North Dakota Capitol, schools and roads, as spring storms wreaked havoc across the Upper Midwest. The National Weather Service said the unconfirmed tornado …

Wisconsin Manufacturer Cited After Worker Injured by Machine

An employee working at Crystal Finishing Systems Inc.’s aluminum extrusion facility in Weston, Wisconsin was hospitalized with serious injuries after being struck by a puller machine while trying to unjam a piece of aluminum. The U.S. Department of Labor’s Occupational …

Arkansas Sues Hospital for Failing to Protect Sensitive Patient Information

Arkansas Attorney General Leslie Rutledge announced last month a lawsuit against. Eastern Ozarks Regional Health System for failing to protect sensitive patient information, both person and medical, after the hospital closed. The suit alleges that the former Cherokee Village hospital …

23 Injured in Texas Storms; More Tornadoes Forecast in US

Nearly two dozen people were injured when tornadoes swept through central Texas as part of a storm system that was expected to spawn more twisters and damaging winds Wednesday. The storms caused widespread damage Tuesday in Salado, about 50 miles …

Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout

A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked, but reduced a nearly $137 million jury award to $15 …

Cyber Premiums Rapidly Grew 74% in 2021: Fitch

According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly $5 billion in 2021 compared with overall growth for the property casualty industry of 9%, making cyber insurance the fastest …