Injury claims and lawsuits stemming from e-bikes on Florida’s streets could diminish a little bit if the state’s governor signs a mild e-bike regulation bill into law. Senate Bill 382, adopted by the Legislature this spring with no dissenting votes, would require electric bike drivers to keep it under 10 mph if a pedestrian is within 50 feet. The measure, if signed by Gov. Ron DeSantis, also would mandate that e-bikes on shared pathways must yield to people and give an audible signal before passing them. The bill would create a task force, adjunct to the Department of Highway Safety…
Author: Awais
The U.S. National Transportation Safety Board on Tuesday called on the Federal Aviation Administration to revise how it assesses runway conditions during heavy rainfall, citing safety risks of airplanes skidding off the runway. The recommendations follow NTSB investigations of 11 runway overrun accidents and incidents from 2008 through 2022 that occurred after landings on wet runways. The NTSB called on the FAA to reform the so-called Runway Condition Assessment Matrix that uses a six-point scale for pilots. The board cited the 2019 runway overrun of a Boeing 737 BA.N in Jacksonville, Florida, due in part to “an extreme loss of…
Volvo Cars, majority owned by China’s Geely Holding, said it received approval from the U.S. government allowing it to continue selling vehicles. In January 2025, President Joe Biden’s administration finalized rules effectively barring nearly all Chinese cars and trucks from the U.S. market, as part of a crackdown on vehicle software and hardware from China. The rules included a ban on most Chinese-developed and maintained software that took effect in March 2026 for the 2027 model year and covered companies with significant Chinese ownership. Lawmakers have proposed making the rules even tougher. “Given our ownership Volvo Car USA was required…
Shepherd Insurance announced it has expanded its footprint in Indiana by acquiring a pair of agencies. Shepherd recently acquired Indianapolis-based Capitol Insurance Group. Founded in 1981, Capitol Insurance Group is a family-owned, Indianapolis-based agency known for delivering customized insurance and risk management solutions to businesses, churches & nonprofits, and individuals. Through this partnership, Capitol clients will continue working with the same trusted local team, now supported by Shepherd Insurance’s expanded resources, broader carrier relationships, and additional expertise. The addition of Capitol Insurance Group broadens Shepherd’s reach in Indianapolis while bringing a unique specialization in church and nonprofit insurance that complements…
Elevated suicide rates can indicate a high incidence of mental illness. The U.S. has the third-highest suicide rate. Rates in Korea, which are the highest, are the result of cultural factors like high alcohol use and a stressful work culture.Suicide is a leading cause of death in the U.S. Rates are consistently higher, and rising faster, in rural areas than in urban areas: Americans in rural communities are one-and-a-half times more likely to die by suicide than their urban counterparts. Regardless of demographic characteristics, rural Americans are less likely to have access to adequate physician and mental health services and…
Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses for the severe convective storms (SCS) that impacted Queensland and New South Wales between November 21st to 27th, 2025, slightly lowering the total to AU $2.943 billion.PERILS published its initial industry loss estimate for these severe convective storms back in January, putting the total at AU $2.663 billion. The company then published its second industry loss estimate in late February, three months after the event end date, lifting the total almost 11% to AU $2.95 billion. Now in its third insurance industry loss estimate for these severe convective storms,…
Korean Re, the global reinsurance company headquartered in the country of its name, has now secured the targeted $75 million of multi-peril retrocession from its Solomon Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with the notes pricing at top and bottom ends of guidance, Artemis can report.Nearly three years ago, Korean Re sponsored its debut catastrophe bond, securing $75 million in US multi-peril catastrophe retrocession from its first Solomon Re 2023-1 issuance. The reinsurer then made its return to the cat bond market earlier this month, with a new Solomon Re 2026-1 cat bond offering, that seeks to renew and extend the retrocession…
The 2025 reconciliation law requires states to condition Medicaid eligibility for adults in the Affordable Care Act (ACA) Medicaid expansion group and enrollees in partial expansion waiver programs (Georgia and Wisconsin) on meeting work requirements starting January 1, 2027 or sooner at state option. The law specifies mandatory exemptions, including individuals who are “medically frail.” To ease the burden on individuals, the law directs states to use available information “where possible” to verify compliance with Medicaid work activities or exemption status, without requiring additional documentation from individuals. Given the abbreviated implementation timeline, states are moving forward with key decisions over how to implement the medical frailty…
Insurance carriers are not off the hook in two high-profile lawsuits involving alleged sexual abuse and millions of dollars in defense costs and indemnity—one in North Carolina and one in Georgia. In the North Carolina case, Ohio Casualty Insurance Co., a Liberty Mutual Insurance subsidiary, and other insurers have reached settlement agreements with a mentally challenged young man who was wrongly coerced into confessing to the rape and murder of an 11-year-old neighbor, according to federal court records and news reports. The insurers will pay much of the $10 settlement with Antonio Trey Jones, who was 14 at the time.…
Eva Boratto, who spent more than a decade at CVS in a variety of finance roles, will join the drug distributor later this summer, Cencora announced Wednesday.
The Securities and Exchange Commission is mulling changes to decades-old rules that prohibit companies from certain communications during the going-public process, as the Wall Street regulator looks to boost initial public offerings. SEC Chairman Paul Atkins said he would welcome reform to the so-called “gun-jumping” rules, which haven’t been updated in more than 20 years. “The ways in which businesses communicated with employees, customers, and potential investors at that time bears little resemblance to how they do so now,” Atkins said in prepared remarks at a Stanford University event on Tuesday. “I look forward to constructing a more harmonized set…
Oak Global, the specialist Lloyd’s underwriting company, has now raised the target size for its debut catastrophe bond sponsorship, with retrocessional protection from the Arthur Re Ltd. – Quercian Re 2026-1 cat bond issuance now expected to fall between $125 million and as much as $150 million, Artemis understands.Oak Global made its debut in the catastrophe bond market earlier this month, with this Quercian Re 2026-1 issuance set to become the first catastrophe bond that will benefit Oak Reinsurance Syndicate 2843, a syndicate focused on reinsurance opportunities that is operated by specialist underwriter in the Lloyd’s market Oak Global. As…
Buc-ee’s, Ltd., a travel center retailer with locations throughout Texas and in 10 other states, violated federal law when it denied a disabled employee reasonable accommodations and subsequently terminated him, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the EEOC’s lawsuit, a Buc-ee’s cashier in Bastrop, Texas requested a reasonable accommodation in October 2024 for physician-imposed restrictions related to his disability, myasthenia gravis, a chronic neuromuscular condition. Among the accommodations he requested was to have seating available at his workstation so that he could avoid standing continuously for more than 15 minutes at a…
After nearly 40 years shaping the national health policy landscape and leading it through pivotal debates, KFF announced today that Dr. Drew Altman will retire from his role as Founding President and Chief Executive Officer on December 31. KFF’s Board of Trustees has appointed Larry Levitt and Dr. Mollyann Brodie as the new leadership team. Beginning in 2027, Levitt and Dr. Brodie will assume the leadership positions of CEO and President, respectively. Since Dr. Altman founded the modern-day KFF, coming to California in 1990 to establish it from what once was the Henry J. Kaiser Family Foundation, the organization has…