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

Logistics Giants Hedge Their Bets in Uncertain U.S. Self-Driving Truck Race

U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers. The uncertainties surrounding autonomous trucking come at a critical …

Climate Change Could Cost U.S. Budget $2 Trillion a Year by End Century

Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House said in its first ever such assessment on Sunday. The …

Howden Acquires 2 Italian Brokers: Nord Est Insurance Broker and ASI

Howden, the London-based international insurance broker, further strengthens its presence in Italy with two new acquisitions: Nord Est Insurance Broker and ASI Insurance Brokers. Financial details of the acquisitions were not disclosed. Since establishing its operations in Italy a year …

Louisiana Dept. of Insurance Issues Cease-and-Desist Orders Against 2 Agents

The Louisiana Department of Insurance (LDI) recently issued cease-and-desist orders and license suspensions against two insurance producers for violations of the Louisiana Insurance Code. On March 11, the LDI issued a cease-and-desist order and license suspension to Kim Marie Holmes …

Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years

Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their money. Credit Suisse racked up a 1.6 billion …

Fire Damages Century-Old Indiana Lumber Yard, Hardware Store

An overnight fire heavily damaged a century-old hardware store and lumber yard that abuts a southern Indiana city’s historic downtown square, authorities said. Firefighters arrived at the scene in Scottsburg after 11 p.m. on March 30 to find heavy flames …

Iowa Insurance Agent’s License Permanently Revoked After Violating Order

Iowa Insurance Commissioner Doug Ommen recently issued an enforcement order against Gary D. Marcum formerly of Clive, Iowa, and now a resident of Kodak, Tennessee. The enforcement order permanently revokes Marcum’s resident insurance producer license and orders Marcum to pay …

UK Brokerage Group Jensten Simplifies Corporate Structure, Brands

The Jensten Group, the UK independent insurance broking group, has embarked upon a transformation program across the business which will see it simplify its corporate structure, systems, and brands. The restructure will see the business rationalize over a period of …

Iowa to Kill 1.5 Million More Hens and Turkeys Because of Bird Flu

Iowa agriculture officials announced two more bird flu outbreaks in commercial flocks that will require the killing of more than 1.5 million hens and turkeys. One of the new outbreaks will lead to the killing of 1.5 million chickens at …

Louisiana Doctor Pleads Guilty to Workers’ Comp Fraud Conspiracy

An Alexandria, Louisiana physician pleaded guilty to having conspired to violate three different federal statutes in connection with a scheme to defraud both federal and private workers’ compensation insurers. U.S. District Judge Timothy L. Brooks presided over the plea hearing, …