Monthly Archives: <span>July 2023</span>

‘Ongoing Storm Rule’ Clears Costco of Liability for Customer’s Fall While Snow Falling

A New Jersey business is not liable for injuries suffered by a customer who falls in its snow-covered parking lot in the middle of a snowstorm, before the lot can be cleared. A Costco Wholesale store in North Plainfield, and …

Oakbridge Insurance Acquires JHA Risk Management in North Carolina

Georgia-based Oakbridge Insurance Agency, one of the largest independent agencies in the country, has continued its growth with the acquisition of JHA Risk Management agency in North Carolina. JHA, based in Rocky Mount, specializes in personal and commercial property and …

People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader

Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where he most recently served …

Cleanup Begins After Asphalt Binder Spill into Montana’s Yellowstone River

Globs of asphalt binder that spilled into Montana’s Yellowstone River during a bridge collapse and train derailment could be seen on islands and riverbanks downstream from Yellowstone National Park a week after the spill occurred, witnesses report. Officials with the …

Churchill Downs Extends Baffert Suspension Through 2024

Churchill Downs is extending Hall of Fame trainer Bob Baffert’s suspension through 2024, keeping the two-time Triple Crown winner from entering horses in the Kentucky Derby and other races for an additional year. Churchill Downs Inc. announced Monday it was …

Investigators Visit Carolina Amusement Park After Crack Found in Roller Coaster

State investigators were on site Monday at a North Carolina amusement park after a crack was discovered on a support beam on one of their popular roller coasters. Tommy Petty, chief of the state Department of Labor’s Amusement Device Bureau, …

Global Cyber Premiums Could Exceed $50B by 2030

The cyber insurance market potential is huge, with premiums likely to exceed $50 billion by 2030, according to a new report by global insurance broker Howden. With the potential to rival major P&C lines, future growth will be centered on …

NHTSA Seeks Updates From Tesla in Autopilot Probe

U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent Tesla …

Specialty MGA UK Approved as Lloyd’s Coverholder

Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has been approved as a Lloyd’s coverholder. Coverholder status will allow Specialty MGA UK to be given binding authority by Lloyd’s …

Spanish Authorities Seek Damages From Swedish Mining Firm for Toxic Spill in 1998

Spanish authorities are seeking 90 million euros ($98 million) in damages from a Swedish mining company for a major toxic spill near the famed Doñana National Park in 1998. The civil trial that opened Tuesday is hearing the case against …