(239) 334-7727

info@benfew.com

Category: Insurance Journal

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland
Insurance Journal | October 1, 2024
Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland
Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …
US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping
Insurance Journal | October 1, 2024
US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract …
Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications
Insurance Journal | October 1, 2024
Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications
As it has many times before, the International Longshore Association (ILA) threatened a strike, beginning October 1, that would shut down major ports along the Atlantic and Gulf coasts of the United States, with significant repercussions for global trade. That …
California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures
Insurance Journal | October 1, 2024
California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures
California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models. The decision is a major blow to efforts attempting to rein in the homegrown industry that is rapidly evolving with little …
Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery
Insurance Journal | October 1, 2024
Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery
A Pennsylvania jury has awarded a $23.87 million verdict to James Spangler, a 58-year-old Harley Davidson mechanic from Manchester who suffered catastrophic injuries following a botched spinal surgery. The verdict represents the largest published medical malpractice award in York County’s …
Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea
Insurance Journal | October 1, 2024
Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea
An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping. The 900-foot ship was hit by an uncrewed surface …
Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta
Insurance Journal | October 1, 2024
Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta
CONYERS, Ga. (AP) — Some residents east of Atlanta were evacuated while others were told to shelter in place Sunday to avoid contaminants from a chemical plant fire that sent a massive plume of dark smoke high into the sky …
Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI
Insurance Journal | October 1, 2024
Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI
The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …
Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises
Insurance Journal | October 1, 2024
Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises
Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S. District Judge …
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Insurance Journal | October 1, 2024
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …