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

Post-Sandy Repairs Help Some But Maybe Not Enough for Next Big Storm

After Superstorm Sandy struck the northeast U.S. in 2012, an unprecedented effort began to fortify the densely populated coastline against the next big storm. Thousands of homes were raised on pilings. Concrete and steel walls meant to help hold back …

Hurricane Ian’s Lucrative Cleanup Deals Generating New Tempests

It has been a month since Hurricane Ian wiped out parts of southwest Florida. Now multimillion-dollar cleanup contracts are generating new tempests in the Category 4 storm’s wake. Contractors who remove debris and perform post-storm repairs are fighting over local …

WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses

Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income for the third quarter 2021 included the $1 billion income receipt that was received as a result of the break-up …

Arkansas Motorcyclist’s Backpack Ignites When Officer Uses Taser

NORTH LITTLE ROCK, Ark. (AP) – An Arkansas motorcyclist carrying a gasoline-filled backpack was expected to survive after he was engulfed by a fireball when a state trooper used a Taser on him during a traffic stop, authorities said. The …

Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse

The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse. “This could be anything from the old wind-versus-water …

FAA Warns of Aviation Safety Risks Without U.S. Mandate on 5G Limits

The Federal Aviation Administration (FAA) wants the U.S. telecommunications regulatory agency to ensure a delay in some 5G C-Band transmissions from smaller operators. Acting FAA Administrator Billy Nolen said the agency wants the Federal Communications Commission (FCC) to mandate voluntary …

W.R. Berkley Forms E&S Solutions Unit

W. R. Berkley Corporation has formed Berkley E&S Solutions, a new business unit that will provide surplus lines casualty coverages to middle-market and large accounts through individual wholesale broker appointments. Curtis E. Fletcher has been named president and chief executive …

TikTok Found Not Liable in Death of Girl in Strangulation Challenge

Federal communications law shields the video-sharing site TikTok Inc. from responsibility for the death of a 10 year-old girl who died while attempting a challenge on TikTok that encourages viewers to strangle themselves using household items. A federal judge in …

Ohio Manufacturer Faces $1.2M in Penalties After Worker Injury

An Ohio vinyl tile manufacturer faces $1,232,705 in proposed penalties after U.S. Department of Labor Occupational Safety and Health Administration inspectors responded when a worker suffered severe injuries as a result of being caught in a machine on April 28, …

World Insurance Acquires Circle Agency in Massachusetts

Insurance brokerage World Insurance Associates has acquired Circle Insurance Agency Inc. of Danvers, Massachusetts. Founded in 1989 by James M. Holbrook, Circle Insurance provides personal and commercial lines as well as financial services. Christine Frary is agency president. Mike Holbrook …