Industry News

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Watchdog Report: North Carolina Delayed Spending Federal Hurricane Matthew Funds
May 24, 2019
Administrative mistakes and a lack of expertise caused delays in North Carolina’s spending of federal funds for Hurricane Matthew recovery, according to a report released Monday from the General Assembly’s government watchdog agency. The non-partisan …

Recovery Begins in Missouri’s Capital After Tornado Sweeps Area
May 24, 2019
A tornado tore apart buildings in Missouri’s capital city as part of an outbreak of severe weather across the state overnight that left at least three people dead and dozens injured. The National Weather Service confirmed that the large and …

Speedy Reactor Cleanups May Carry Both Risks and Rewards
May 24, 2019
Companies specializing in the handling of radioactive material are buying retired U.S. nuclear reactors from utilities and promising to clean them up and demolish them in dramatically less time than usual – eight years instead of 60, in some cases. … …

Oklahoma’s Opioid Trial Against Drugmakers J&J, Teva Set to Begin
May 24, 2019
Gail Box vividly remembers the day in May 2011 when she first learned her 22-year-old son Austin, a University of Oklahoma linebacker, was abusing opioid painkillers: It was the day he died of an overdose. In a few months he …

GuideOne in Iowa Names Pearson Sr. VP, Chief Underwriting Officer
May 24, 2019
West Des Moines, Iowa-based GuideOne Insurance has appointed Doug Pearson senior vice president and chief underwriting officer. In this role, Pearson is responsible for niche product management, home office underwriting, underwriting compliance and b …

CFC Designs New Broker Platform for Its Cyber Insurance Products
May 24, 2019
Specialist insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based company’s cyber insurance platform will enable brokers t …

Alaska City Votes to Adopt Climate Action Plan
May 24, 2019
The Anchorage Assembly has adopted a climate action plan setting goals for the Alaska city. Alaska Public Media reported that the city officials voted this week to adopt the 100-page document outlining aims such as reducing carbon emissions by 80 …

Forecasters Say Hawaii May Have Busy Hurricane Season
May 24, 2019
Hawaii and the Central Pacific could experience more storms than normal during this year’s hurricane season. The National Oceanic and Atmospheric Administration predicted Wednesday there will be five to eight named tropical cyclones in the region fro …

Arizona Claim Seeks $45M for Incapacitated Woman Who Gave Birth
May 24, 2019
Lawyers for an incapacitated woman who later gave birth at a Phoenix long-term care facility have filed a $45 million notice of claim against the state. The precursor to a lawsuit says the woman allegedly was raped repeatedly before giving …

FAA ‘Very Encouraged’ by Talk with World’s Regulators on Grounded Boeing 737
May 24, 2019
The chief U.S. aviation regulator said he was very encouraged by a one-day discussion with his counterparts from around the world on the steps needed to return Boeing Co.’s grounded 737 Max jetliner to service, including the need for additional …

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