More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings. “Reinsurers had a difficult 2022 due to low profitability and even underwriting …
An Ohio-based vinyl tile manufacturer with a history of failing to protect workers from hazards at its Fostoria plant dating back to 2017, now faces an additional $545,853 in federal penalties after investigations by the U.S. Department of Labor. The …
Hurricane Idalia, now a Category 1 storm, is expected to make landfall along Florida’s Gulf Coast on Wednesday. The hurricane’s likely transformation between now and then will be due in part to the unusually warm waters on its path. As …
Authorities were still investigating Tuesday after a construction crane at a Miami hospital buckled and collapsed onto construction workers, killing one person and injuring four others. The 200-foot crane was in use Saturday at a part of HCA Florida Mercy …
3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs to the US military that led to hearing damage for combat troops. The company will pay $5 billion in cash …
A south Florida sheriff’s helicopter caught fire Monday before crashing into a Pompano Beach apartment building, killing two people and injuring four. The Associated Press, the New York Times and local news outlets reported that the Broward County Sheriff’s rescue …
The New Hampshire Insurance Department (NHID) recently approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 14% on average. The new rates will apply to policies effective starting on January 1, 2024. According to the insurance …
In early June 2022, an employee of a Vermont agricultural equipment company observed the company pumping wastewater from the facility’s service bays onto the ground bordering the Winooski River in Berlin and was concerned about the environmental implications. According to …
Florida property insurers were keeping their fingers crossed Tuesday as the latest projections indicated that the worst of Hurricane Idalia may miss some of the most heavily populated parts of the state’s west coast. The National Hurricane Center predicted the …
A U.S. judge has rejected Burger King’s bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger than it actually is. U.S. District Judge Roy Altman in Miami said Burger King must …
