Monthly Archives: <span>March 2024</span>

Ohio Governor Declares Emergency After Deadly Severe Storms

COLUMBUS, Ohio (AP) — Ohio’s governor has declared a state of emergency in 11 counties across central Ohio struck by severe weather last week. Gov. Mike DeWine also activated the Ohio National Guard to help officials in one county, Logan …

Louisiana Truck Driver Charged After Deadly 2023 Pileup

RESERVE, La. (AP) — A Louisiana truck driver has been charged with negligent homicide for his role in a fiery highway pileup that left eight dead last year after a “super fog” of marsh fire smoke and dense fog snared …

5th Circuit Finds Travelers Policy Excluded Waste Dumping by Mississippi Firm

Courts have found that policy exclusions often fail due to ambiguous wording. In the case of a Mississippi company that allegedly dumped corrosive wastewater into sewer systems, though, Travelers Casualty and Surety Company’s pollution exclusion seems to have nailed it, …

Bankrupt Crypto Lender Genesis to Pay $21M to Settle SEC Charges

Genesis Global Capital LLC has agreed to pay a $21 million civil fine to settle charges that it illegally sold securities through its crypto lending program without registering them, the U.S. Securities and Exchange Commission said on Tuesday. The deal …

Update: Houthi Militants Say Fuel Tanker in Red Sea Targeted With Missiles

Yemen’s Houthis targeted a fuel tanker, MADO, in the Red Sea with naval missile and Israel’s Eilat port and resort region with winged missiles, the group’s military spokesperson Yahya Sarea said on Tuesday. MADO is a Marshall-Islands flagged liquefied petroleum …

Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?

When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting Society’s 2024 cyber symposium in New York City. …

NAIC Names Bay State Insurance Commissioner as CEO

The National Association of Insurance Commissioners over the weekend announced Massachusetts Insurance Commissioner Gary D. Anderson as the organization’s chief executive officer. Anderson will start leading the NAIC by May 1, after completing his service as the Massachusetts Insurance Commissioner. …

New Jersey Property Flood Risk Disclosure Law Going Into Effect

A New Jersey law requiring residential and commercial landlords and sellers of real estate to disclose any flood history and potential flood risks to prospective renters and purchasers goes into effect Wednesday, March 20. Prior to the adoption of the …

Georgia Lawmakers Approve End to Direct-Action Suits Against Trucking Insurers

A bill that would end direct-action lawsuits against trucking insurers is rolling toward the governor’s desk after it was approved by the full House of Representatives on Monday. Senate Bill 426, heralded as a way to encourage more insurance carriers …

People Moves: Gallagher Re Names Flasinski as CEO of N. America, Succeeding Bradshaw; Hannover Re Taps Swiss Re’s Steinmann to Executive Board as Pickel Retires

This edition of International People Moves details appointments at Gallagher Re and Hannover Re. A summary of these new hires follows here. Gallagher Re Names Flasinski as CEO of N. America, Succeeding Bradshaw Global reinsurance broker Gallagher Re announced the …