News from Aspen, AmWins, Verisk and more.
Month: April 2016
House passes private Flood insurance bill
Legislation that would open the Flood market to private insurer sails through House, 419-0.
Tokyo prepares for the Big One
Experts say there’s a 70% chance of an earthquake directly hitting the greater Tokyo area, home to 36 million people, within the next three decades.
Mitsubishi Motors’ improper mileage tests date back to 1991
Mitsubishi said it has improperly tested the fuel economy of its cars for the past quarter century, deepening a crisis that’s already wiped out half its market value.
Autonomous tech could revolutionize freight transport as much as personal travel
The ports of Long Beach, Los Angeles and Oakland handle 40% of U.S. container traffic and converting them to all-electric equipment that’s often self-driving will cost $35 billion in the next 30 year.
Repairs to GE engines ordered after Dreamliner in-flight damage
Airlines flying Boeing Co.’s 787 Dreamliner jets with the latest General Electric Co. engines were ordered to repair them, or swap out at least one with an older model, in an urgent safety directive after a recent in-flight event.
Three keys to reducing workplace violence risks
Workplace violence is increasing at an alarming rate, creating new questions about coverage for businesses.
Sandy Hook judge sets trial against AR-15 maker Bushmaster
The maker of the assault rifle used in the 2012 massacre of more than two dozen students and teachers at Sandy Hook Elementary School was ordered to allow its executives to be questioned.
Apax Partners to acquire majority stake in Accenture’s Duck Creek Technologies
The private equity firm is no stranger to the insurance industry, with investments in brokerages Hub International and Assured Partners, among others.
Colorado State forecasts 12 named storms during Atlantic hurricane season
At least five of those storms will reach hurricane status, and two of them will become Category 3 or stronger.