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Insurance Journal | October 30, 2022

Hurricane Ian’s Lucrative Cleanup Deals Generating New Tempests

It has been a month since Hurricane Ian wiped out parts of southwest Florida. Now multimillion-dollar cleanup contracts are generating new tempests in the Category 4 storm’s wake. Contractors who remove debris and perform post-storm repairs are fighting over local …

Insurance Journal | October 28, 2022

WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses

Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income for the third quarter 2021 included the $1 billion income receipt that was received as a result of the break-up …

Insurance Journal | October 28, 2022

Arkansas Motorcyclist’s Backpack Ignites When Officer Uses Taser

NORTH LITTLE ROCK, Ark. (AP) – An Arkansas motorcyclist carrying a gasoline-filled backpack was expected to survive after he was engulfed by a fireball when a state trooper used a Taser on him during a traffic stop, authorities said. The …

Insurance Journal | October 28, 2022

Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse

The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse. “This could be anything from the old wind-versus-water …

Insurance Journal | October 28, 2022

FAA Warns of Aviation Safety Risks Without U.S. Mandate on 5G Limits

The Federal Aviation Administration (FAA) wants the U.S. telecommunications regulatory agency to ensure a delay in some 5G C-Band transmissions from smaller operators. Acting FAA Administrator Billy Nolen said the agency wants the Federal Communications Commission (FCC) to mandate voluntary …