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News Center

News – Insurance Journal

Alliant in California Forms Partnership with PSP Investments
Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm. The investment by the Public Sector Pension Investment Board is joined by an additional investment from funds managed by …

POSTED JANUARY 22, 2019 4:04 PM
Driverless Shuttle Making Debut in Utah State Capitol
A driverless public shuttle is expected to make its Utah debut this year as state officials test the possibilities of autonomous vehicles. The Salt Lake Tribune reported the shuttle that holds about a dozen people is expected to begin operating …

POSTED JANUARY 22, 2019 3:57 PM
Utah Roadway Deaths Drop for Second Year in a Row
The number of people who died on Utah roads decreased for the second consecutive year, new state statistics show. The 264 deaths on Utah roads in 2018 were the lowest since 2014 and down from 273 the year before, the …

POSTED JANUARY 22, 2019 3:55 PM
Edison Trying to Shift Blame for California Mudslides
Edison International said much of the damage from the mudslides that swept through the coastal town of Montecito last year was the result of poorly designed and maintained debris basins for which local governments are responsible. The parent company and …

POSTED JANUARY 22, 2019 3:44 PM
Fund Manager LJM Sues to Find Those Behind Market Volatility Losses
LJM Partners Ltd. on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM …

POSTED JANUARY 22, 2019 2:32 PM
Warming Oceans Cause Krill to Shift Closer to Antarctica: Scientists
Krill are shifting south towards Antarctica as the oceans warm, disrupting stocks that are eaten by penguins and whales and caught by industrial trawlers, scientists said on Monday. Main populations of the shrimp-like crustaceans, which grow to 6.5 cm (2.5 …

POSTED JANUARY 22, 2019 2:28 PM
From Banks to Telecoms, Large Firms Disclose Risks, Opportunities of Climate Change
Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers. …

POSTED JANUARY 22, 2019 2:10 PM
Drone Travel Chaos at Gatwick Airport Cost EasyJet Nearly $20 Million
EasyJet lost 15 million pounds ($19 million) during 36 hours of travel chaos sparked by drones flying into London’s Gatwick Airport in December, the budget airline said on Tuesday, adding it should serve as a “wake-up call” to airports. The …

POSTED JANUARY 22, 2019 2:00 PM
N.J. Congressman Introduces Bill Requiring Rail Safety Probe Notification
A New Jersey congressman has introduced legislation to force federal regulators to notify Congress when a railroad or transit agency is being investigated for safety violations. The bill proposed by Democratic Rep. Albio Sires would require the Federal Railroad Administration …

POSTED JANUARY 22, 2019 1:59 PM
Connecticut Insurance Department Recoups Nearly $8M
The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints. Acting Commissioner Paul Lombardo says the agency’s consumer affairs staff each year helps …

POSTED JANUARY 22, 2019 1:54 PM

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