Laser Incidents Reported by U.S. Pilots Hit Record in 2021

Aug 19 2022 // The number of reported incidents involving aiming of lasers at U.S. airplanes hit a record in 2021, according to a federal government report, which also said regulators should do more to address the problem.The Government...

U.S. Seeks Information From Tesla on In-Car Camera in Autopilot Probe

Aug 19 2022 // U.S. auto safety regulators on Thursday asked Tesla Inc. to answer questions about its in-car camera intended to monitor driver awareness as part of a probe into 830,000 Tesla vehicles that employ the carmaker’s...

U.S. Businesses in Taiwan See Limited Impact From Tensions With China

Aug 19 2022 // Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on...

Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

Aug 19 2022 // The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division.Only two other years on record have...

Endo Files for Bankruptcy as U.S. Opioid Litigation Drags

Aug 18 2022 // Endo International Plc filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s...

U.S. Traffic Deaths Hit 20-Year-High in Early 2022

Aug 17 2022 // U.S. traffic deaths jumped about 7% in the first three months of 2022 to 9,560, the highest number of people killed on American roads in a quarterly period since 2002, regulators said on Wednesday in a preliminary...

People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert

Aug 16 2022 // Ryan Specialty Appoints New Senior Leadership within Underwriting Managers SpecialtyChicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian...

Starbucks Seeks to Pause Union Elections at U.S. Cafes, Claims Misconduct

Aug 15 2022 // Starbucks on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation.The coffee chain...

U.S. Crop Writers Post Record Premium Growth: AM Best

Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...

Admiral Sees Cost of Motor Claims Running High in Britain and U.S.

Aug 10 2022 // The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said on Wednesday, after the company posted a 48% fall in pretax profit due to a “more...

Independent Agents Place Majority of U.S. P&C Insurance: Big I

Aug 9 2022 // The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022 Market Share Report.The annual Market Share Report compiles and analyzes property...

U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash

Aug 8 2022 // The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes.A senior Treasury Department...

U.S. Agency Probes Tesla Crashes That Killed 2 Motorcyclists

Aug 8 2022 // Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for...

U.S. Captive Market Thrives Amid Capacity, Pricing Challenges

Aug 8 2022 // The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report.The Best’s Special Report, “U.S....

People Moves: Canopius Group Hires Sweeper to Lead US Application Support Team; Ryan Specialty Names Blackshear Head of DEI

Aug 4 2022 // Canopius Group Hires Roberta Sweeper to Lead US Application Support TeamCanopius Group announced that it has expanded its technology capabilities with the addition of a US application support team as part of the...

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