National News

FAA May Not Require Simulator Training for Boeing 737 Max Pilots

U.S. aviation regulators are increasingly convinced they don’t need to mandate new simulator training for pilots of Boeing Co.’s 737 Max before returning the grounded jet to service, according to people familiar with the discussions. Pilots would be required instead …

Fidelity Wins Court Battle with IRS Over Coal Tax Credits

Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal. U.S. Tax Court Judge David Gustafson ruled at a court hearing that a partnership led by …

Marijuana Access Reduces Opioid-Related Deaths: Research

Marijuana access leads to reductions in opioid-related deaths, according to new research using data from 1999 through 2017. Investigators found that legalization and access to recreational marijuana cause a significant decline in opioid mortality with particularly pronounced benefits in states …

Real Hurricane ‘Season Within a Season’ About to Begin

Don’t be lulled by a quiet June and July, the real Atlantic hurricane season is about to kick off. The hurricane season generally runs from June 1 to the end of November. But the next six weeks — “the season …

Overdose Deaths Again Rise More in Urban Than Rural Communities

U.S. drug overdose deaths had been most common in Appalachia and other rural areas in recent years, but they are back to being more concentrated in big cities, according to a government report Friday. The Centers for Disease Control and …

Nation’s Excess & Surplus Market Reports 13% Growth Through Midyear

The nation’s excess and surplus lines insurance industry is growing almost 13 percent faster halfway through this year than it did last year at this time. Mid-year premium growth reported by the 15 excess and surplus lines (E&S) stamping/service offices …

Fidelity Battles IRS Over Tax Credits for Coal Investment Involving A.J. Gallagher

Fidelity Investments’ courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of chemically treated coal. U.S. Tax Court …

Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P

Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global Ratings. Although risk discipline is likely to prevail, global reinsurers’ greater exposure …

With Smarter, Joined-Up Pricing, There’s No Such Thing as a Bad Risk: Viewpoint

It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks are riskier than others. However, new technologies mean new avenues of innovation for insurers to explore, providing opportunities to drastically …

Recalled Apple MacBook Laptops Banned from Flights Due to Batteries

U.S. airline safety regulators banned select MacBook Pro laptops on flights after Apple Inc. recently said that some units had batteries that posed a fire risk. In a statement, the U.S. Federal Aviation Administration said it was “aware of the …

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