BHP Billiton Ltd. expects to take about a week to recover from the derailment of one of its iron ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material. The company was …
The Lion Air plane that crashed in the Java Sea last week had faulty airspeed readings during its last four flights and Indonesian investigators called on planemaker Boeing Co. and U.S. authorities to ensure there aren’t fleet-wide issues. The Southeast …
Two U.S. government agencies are giving conflicting interpretations of a safety study on cell phone radiation: One says it causes cancer in rats. The other says there’s no reason for people to worry. No new research was issued but last …
Personal lines insurance broker Confie said it has closed on a new $220 million credit facility, led by Goldman Sachs and Barclays. In addition to the refinancing, Confie said it has a $90 million revolving credit facility which is undrawn …
Insurtech Slice, which offers its own on-demand rideshare and homeshare products, now also provides cloud services for carriers wanting to offer their own on-demand products. The growing digital insurer and services provider recently closed a $20 million funding round to …
Georgia’s insured losses from Hurricane Michael have climbed to more than $696 million, with insurers reporting approximately 68,000 claims filed as of the end of October, according to a press release from Insurance Commissioner Ralph Hudgens. The estimate is based …
Authorities say five people have been injured after an apartment exploded in South Carolina. The Greenwood Fire Department said three adults and two children were hurt in the blast just after 2 a.m. Sunday. Authorities say one man was taken …
Jackson Sumner & Associates (JSA) has promoted Scott Banks to the position of the company’s North Carolina Marketing representative. Banks has been with JSA for more than three years, having most recently served as P&C assistant underwriter. His territory for …
Georgia Insurance Commissioner Ralph Hudgens’ decision not to seek re-election this year opened up the playing field for the state’s top insurance post for the first time since 2010. Hudgens, a Republican, announced in July 2017 he would not run …
A new Ohio law aimed at cutting down on distracted driving in the state went into effect on Oct. 29. The Ohio Department of Public Safety says House Bill 95 will be a significant distracted driving deterrent and an effective …
