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

Tech Firm Behind Kentucky School Bus Route Snafu Had Problems in Ohio

LOUISVILLE, Ky. (AP) — The company behind a disastrous change to a Kentucky city`s school bus routes that resulted in more than a week of canceled classes had similar problems in two cities in neighboring Ohio last year. Touting its …

Shinwa Plans $114M Expansion at Alabama Auto Parts Plant

MONTGOMERY, Ala. (AP) — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey`s office announced Tuesday. Shinhwa Auto USA Corp.`s expansion will create …

Company Asks Judge to Block Alabama Medical Marijuana Licenses

MONTGOMERY, Ala. (AP) — A company that failed to win a potentially lucrative medical marijuana license in Alabama asked a judge Tuesday to block the state from issuing the licenses to anyone, arguing a state commission improperly deliberated in private …

Attorney, Friend of Murdaugh Sentenced to 4 Years in Scheme to Steal Insurance Money

CHARLESTON, S.C. (AP) — A longtime friend of disgraced South Carolina attorney Alex Murdaugh was sentenced Tuesday to nearly four years in prison for scheming to steal millions of dollars in insurance settlements from the sons of Murdaugh`s dead housekeeper. …

Markets/Coverages: Skyrisks, Quotech Link Up to Insure Advanced Air Mobility Sector

Skyrisks Ltd., the newly incorporated, London-based managing general agent, has linked with Quotech, the underwriter-led developer of integrated technology platforms for underwriters and brokers, to deliver insurance coverage for the advanced air mobility (AAM) sector. AAM includes revolutionary aircraft such …

Specialist Risk Group Acquires UK’s Cheshire Insurance Brokers

Specialist Risk Group (SRG), the London-based insurance intermediary, has acquired Cheshire Insurance Brokers (CIB). Financial details of the transaction were not disclosed. Established in 2010 by Dominic Leach & Victoria Benito and based in Hale, England, CIB specializes in arranging …

Cargo Thieves Target Electronics, Chemicals, Pharmaceuticals: German Insurance Study

German transport insurers report a significant increase in stolen goods – with thieves targeting electronic devices as well as chemical and pharmaceutical products. Every 20 minutes, goods are stolen from a truck, according to a study from the German Insurance …

Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report

Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, litigation and a hit to reputations, according to a new report. …

Swiss Tunnel to Partially Reopen for Freight Transport as Supply Chain Backs Up

Switzerland’s Gotthard tunnel will partially reopen for freight transport next week after a derailed train blocked one of its two tubes, though the critical route won’t return to full operability for several months. Passenger trains will continue to be diverted …

Latin Americans Fall Prey to More Online Scams, Cyber Attacks

Gabriella Batalha didn’t think much when she noticed she had been logged out of Instagram – until the next day when she found her account overrun with sensational posts touting high-yield cryptocurrency investments. To recover her account, the 27-year-old lawyer …