At least 36 people have been killed in the wildfires that tore through the Hawaiian island of Maui, county officials said late Wednesday night, making it one of the country’s deadliest fires in years.
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Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion
Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US regulators’ crackdown on Wall Street’s failure to keep records.
FRA, OSHA Call on Norfolk Southern to Review Safety Practices
Improving communication and training as well as fostering trust between the company and its workers are some of the areas where Norfolk Southern could do better, according to a Wednesday report from the Federal Railroad Administration assessing the eastern U.S. Class I railroad’s safety culture.
Jim Schoonover Selected as New Education Director for Motor Carrier Insurance Education Foundation (MCIEF)
The Motor Carrier Insurance Education Foundation (MCIEF) is pleased to announce the appointment of Jim Schoonover as its new Education Director.
Munich Re on Track to Achieve Annual Profit Target
Munich Re generated a profit of €1,154m (1,585m) in the second quarter of 2023, and €2,425m in the first six months of the year.
Hannover Re H1 Net Income up 18%
German reinsurer Hannover Re on Wednesday posted a 18% rise in net income in the first half of 2023, helped by its life and health insurance unit and investment income, and it said it was confident about meeting its full-year targets.
Inflation, High Catastrophe Losses to Lead to 2023 Underwriting Loss for P&C Industry
The overall P&C industry is forecast to finish 2023 with a net combined ratio at 102.2, nearly identical to the final 2022 result of 102.4. Poor personal lines underwriting performance is the key driver in both years, with personal auto forecast at 109.5 in 2023, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman.
New York State to Debut First Cybersecurity Strategy
The state of New York will debut its first cybersecurity strategy, including plans to modernize government networks, provide digital defenses at the county level and regulate critical infrastructure.
Feds Call Attention to Maritime ‘Near Misses’
Federal officials are pushing the U.S. maritime industry to submit to the government information on incidents that had nearly resulted in vessel collisions as a way to improve safety.
New Tax Rules Can Save Homeowners Thousands on Renovations
Many Americans will save thousands of dollars on home renovations when new rebates for a range of energy-efficient upgrades kick in later this year.