News

Pennsylvania Insurance Commissioner Appointed as NAIC Committee Chair

Pennsylvania Insurance Commissioner Jessica Altman has been selected for the second consecutive year to serve as chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported in announcing its leadership …

Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon

The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …

Pandemic Fears Grow as China Steps Up Efforts to Control New Flu-Like Coronavirus

Deaths from China’s new flu-like virus rose to nine on Wednesday with more than 470 confirmed cases, heightening global fears of contagion from an infection suspected to have come from animals. The previously unknown and contagious coronavirus strain emerged from …

Former Iowa Agent Sentenced to Federal Prison for Fraud

A Muscatine, Iowa, insurance agent has been sentenced to 18 months in federal prison for wire and mail fraud. Federal prosecutors for Iowa said that Ashley Erin Murphy Schneider, 37, was sentenced Thursday in Davenport’s federal courthouse after pleading guilty …

Ohio State Doctor Abuse Lawsuits, Investigation Have Cost $9.8M, So Far

The investigation and related lawsuits about alleged sexual abuse decades ago by an Ohio State University team doctor have cost nearly $10 million so far, according to the school. The total was about $9.8 million as of December, school spokesman …

North Carolina Awarded $281M for Hurricane Damage by Army Corps

The Army Corps of Engineers will award $281 million to a North Carolina city and county heavily impacted by Hurricanes Matthew and Florence. The Corps will release $237 million to Surf City/ North Topsail Beach and $44.5 million to Carteret …

Earthquake Felt in Eastern Tennessee, Kentucky

A small earthquake hit East Tennessee on Monday, officials said. The U.S. Geological Survey said a magnitude 3.8 earthquake struck near Fincastle, Tennessee in Campbell County. A USGS map showed it was felt around East Tennessee and southern Kentucky. It …

Toyota to Recall 3.4 Million Vehicles Over Defect in Air Bags

Toyota Motor Corp. said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in crashes. The recall, which includes 2.9 million U.S. vehicles, covers 2011-2019 Corolla, 2011-2013 …

Iran Crash Victims May Need Political Backing in Fight for Damages

Families of the 176 people killed when Iran shot down a Ukrainian airliner face a complicated legal battle where backing from the victims’ governments may be crucial as they seek damages, legal experts said. Lawyers say many relatives will automatically …

IBM Calls For Rules to Curb Bias in Artificial Intelligence

IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled, older Americans and others. As it seeks …

News Archives by Month