South Korea will extend runway safety areas and redesign infrastructure after the crash of a Jeju Air Co. flight last month that killed almost everyone on board, sparking criticism that the design of the airport might have exacerbated the accident. …
South Korea to Change Airport Design After Deadly Jeju Air Crash Read More »
The Houthis said they will stop attacking US and UK vessels in the Red Sea area in response to the Israel-Hamas ceasefire agreement after a year-plus campaign that’s upended global trade. Ships belonging to US and UK individuals or entities …
Houthis Say US and UK Ships Can Safely Take Red Sea Passage Read More »
Allianz Commercial Makes North American Leadership Promotions in Financial Lines and Property Allianz Commercial, headquartered in New York City, made two promotions to its North American leadership in financial lines and property. Nancy Dorvil, head of property Canada, will succeed …
While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …
Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle Read More »
A federal judge in Manhattan overseeing an insurance brokerage poaching case has blocked three Alliant Insurance Services employees from soliciting or contacting any current Marsh & McLennan Agency (MMA) clients or using a spreadsheet of MMA clients that MMA alleges …
Alliant Employees Blocked From Soliciting Former MMA Clients Read More »
As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be next – thanks to tons of dry wood left over from Hurricane Helene’s wind and flooding. “The number one fire …
Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene Read More »
New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the bills would make it easier to adjust …
New York Proposes Plan to Stabilize Broken Taxi Insurance Market Read More »
Some wounds suffered by six Hawaii residents flown to Arizona for medical treatment after a deadly illegal fireworks explosion on New Year’s are comparable to battlefield injuries, the doctor overseeing their care said. Dr. Kevin Foster, the director of the …
Connecticut Governor Ned Lamont is proposing legislation aimed at improving the state’s resilience in the face of severe weather events, including requiring expanded notification to homeowners and renters of the availability of flood insurance and the flood history of a …
Connecticut Resiliency Plan Includes Flood Insurance, History Notification Mandate Read More »
Two Vancouver, Washington, business owners are facing a combined $116,000 in fines for ignoring rules to protect workers, neighbors, and the environment from exposure to hazardous asbestos at a home-flipping site. The Washington State Department of Labor & Industries issued …
Washington House Flippers Fined $116K Over Asbestos Removal Rules Read More »
