A commercial bus crash in Virginia that killed five people and injured dozens of others has raised questions about the driver, the company that employed him and the overall safety of the industry. It’s not yet clear what could have prevented last week’s crash because the National Transportation Safety Board investigation is just beginning. Still, it highlights the inherent dangers whenever a bus or semitruck crashes into other vehicles — even if riding a bus is much safer statistically than driving a car. While collision-avoidance technology and emergency braking systems are standard on many new cars, commercial buses still lack…
Author: Awais
Spotlight PA and two other news organizations are suing leaders of the Penn State Board of Trustees in federal court, accusing them of violating the First Amendment by controlling what individual trustees can say to the public and the press. The lawsuit, filed last Wednesday in the U.S. District Court for the Middle District of Pennsylvania, challenges what it refers to as a “gag policy” embedded in the trustees’ bylaws. That policy, the filing argues, “unconstitutionally restrains” trustees, prohibiting them from making any negative or critical public statements about the board or the university. Instead, the bylaws state, trustees “shall…
Delos Appoints Schween CTO Brian Schween Delos Insurance Solutions has appointed Brian Schween to the role of chief technology officer. Schween has extensive technology experience in the insurance industry, having had several C-level roles in a variety of organizations. Currently operating in the surplus lines market, Delos is headquartered in San Francisco, California. The firm is a science-driven, property insurance MGA. Legner Joins Trucordia as Agriculture Platform Senior VP Tom Legner Trucordia hired Tom Legner as senior vice president of the company’s agriculture platform. Legner has more than 25 years of experience across agriculture, commodity markets and crop insurance. Before…
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. William Barlow, IBM’s former vice president of threat intelligence, alleged in the complaint that the companies failed to disclose multiple breaches over years by attackers linked to foreign governments and made false assurances about the security of their systems in order to win and keep federal contracts. Thewhistleblower complaint against IBM and AT&T was filed under seal in 2020 and…
The moment a cyber incident hits, the nature of the insurance relationship becomes clear. A policy is only as valuable as the team behind it, and the right claims partner can make an otherwise stressful situation manageable, guiding your client through recovery with speed and expertise. Brokers spend significant time comparing policy features when selecting a cyber insurer. Most policies in stand-alone cyber coverage look similar at a surface level, and price is a poor proxy for quality. What matters most, and what gets the least scrutiny, is claims capability. Here are five capabilities worth examining before you choose an…
A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, released by Democrat Lori Trahan and Republican Jay Obernolte, would bar states from laws “targeting artificial intelligence model development,” meaning states would not be allowed to pass laws requiring models undergo testing before AI firms release them to the public, according to the draft. But the draft also said it would not bar states from regulating how AI technology is…
Gallagher Re’s new Arthur Re Ltd. platform for index-trigger catastrophe bond transactions demonstrated how it can deliver on efficiency and speed to market with the recent $150 million Arthur Re Ltd. – Quercian Re 2026-1 issuance for first-time cat bond sponsor Oak Global, executives have said.Arthur Re Ltd. is a Bermuda domiciled unrestricted special purpose insurer (SPI) and segregated accounts company that was established last year. Originally we understood that Arthur Re was an Artex Risk Solutions managed structure, which had been specifically designed to make accessing the 144A catastrophe bond market more efficient for clients with a focus on…
The Independent Insurance Agents & Brokers of America (the Big “I”) said it launched its new TrustedChoice.com agency locator to help consumers find and connect with local independent agents. Available to all Big “I” member agencies, the all-new agency locator maintains TrustedChoice.com’s online recognition and popularity with consumers. The Big “I” now fully manages TrustedChoice.com, and all member agencies are automatically searchable on the site. Consumers can search by coverage needs and location, making it easier to discover and contact a Big “I” member when they are actively shopping for insurance. While shoppers increasingly start with digital research, they still…
Cedar Trace, the Bermuda-based insurance, reinsurance, and asset management group, has announced the hiring of well-known industry executive Chris Wilson to its insurance-linked securities leadership, further strengthening its team and bringing meaningful operation experience in ILS.Chris Wilson joins as a Managing Director of Cedar Trace Capital Management and will be based in Bermuda for the company. He will play an important role in Cedar Trace Capital Management’s ILS operational functions, while also while supporting underwriting, investor relations, fund-raising, and new product development. In addition, Wilson will represent Cedar Trace across Bermuda and international ILS markets, as the company looks to…
The EHR vendor accused SelfRx of retrieving over 100,000 records for financial gain in the high-profile lawsuit. Now, the chronic condition management firm said it doesn’t know who took the records.
Slide Insurance Holdings, Inc. has completed its Catastrophe Excess of Loss Reinsurance Program for the 2026-2027 treaty year, securing a meaningful $5.463 billion of total aggregate reinsurance limit, representing a 65% increase from last year’s $3.304 billion.Slide Insurance Company has been experiencing rapid business expansion, which necessitates a growing amount of reinsurance limits due to its focus on property exposures and its presence in regions vulnerable to catastrophes. Crucially, Slide also confirmed its first-event catastrophe reinsurance limit has expanded to $3.981 billion for 2026-2027, a $1.424 billion increase from the $2.557 billion secured in 2025-2026. This first-event placement significantly outpaces…
The US Supreme Court ruled that telecommunications companies can’t immediately demand a jury trial when hit with a Federal Communications Commission fine, while saying the carriers don’t have to pay penalties right away. Ruling 8-1 in a clash involving AT&T Inc. and Verizon Communications Inc., the justices said so-called forfeiture orders issued by the FCC don’t amount to a conclusive determination of a case. “It thus does not offend the Constitution for the commission to issue forfeiture orders without the involvement of a jury,” Chief Justice John Roberts wrote for the court. The court agreed to hear the case as…
A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years. The US Department of Agriculture confirmed late Wednesday that a suspected case from South Texas tested positive for the New World screwworm. The affected animal, a three-week-old calf in Zavala County, is the only case that the agency is tracking right now, Agriculture Secretary Brooke Rollins said on a call with reporters. The agency is implementing quarantines, movement controls and surveillance in a 20-kilometer (12-mile) zone around…
A bitterly divided Corpus Christi City Council voted early Wednesday morning to delay a decision on reviving an almost billion-dollar water plant it had rejected nine months earlier. The 7-2 vote came at 2:20 a.m., almost 15 hours into a meeting that drew extensive interest from residents who argued for and against building a desalination plant that council members voted down last year over environmental and cost concerns. The proposed plant is not expected to begin delivering water until late 2029, but supporters fear that without long-term supplies, the city’s economy will freeze, driving away residents and businesses and crippling…