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Tennessee Fines Chemical Plant $25K Over Hydrogen Explosion
Tennessee regulators have fined a chemical plant $25,000 for an explosion that shut down an interstate and put several schools on lockdown. WRCB-TV reported that the Tennessee Occupational Safety and Health Administration cited Wacker Chemie for seven violations stemming from …

POSTED MARCH 20, 2018 4:59 PM
Amarillo Hospital-Area Fire Causes Smoke Damage but no Buildings Burned
A wildfire that burned around 500 acres inside the city limits of Amarillo, Texas, has been contained but not before threatening the city’s regional medical center. The fire was one of several that have plagued the Texas panhandle in the …

POSTED MARCH 20, 2018 4:38 PM
Service Insurance Holdings Acquires Oklahoma’s American Healthcare Indemnity
Service Insurance Holdings Inc. (SIHI), parent of Texas-based workers’ compensation insurer, Service Lloyds Insurance Co., has acquired American Healthcare Indemnity Co. (AHIC), an Oklahoma-based insurer. The new entity will be rebranded as Service American Indemnity Co. The acquisition is a …

POSTED MARCH 20, 2018 4:12 PM
Startup California Construction Company Working on Robotic Vehicles
As a teenager working for his dad’s construction business, Noah Ready-Campbell dreamed that robots could take over the dirty, tedious parts of his job, such as digging and leveling soil for building projects. Now the former Google engineer is turning …

POSTED MARCH 20, 2018 3:15 PM
California Utilities Commissioner Wants to Regulate Uber Like Tour Buses, Limos
Uber Technologies Inc. should be classified as the same type of transportation as limousines and tour buses, a California regulator said on Monday in a proposal that could change how the ride-hailing company is regulated in its home state. A …

POSTED MARCH 20, 2018 3:05 PM
Arizona Became Autonomous Hotbed Prior to Uber’s Deadly Crash
The technology behind autonomous vehicles has originated from coders in Silicon Valley, engineers in Detroit and academic researchers in Pittsburgh. Much of it eventually lands on the streets of Arizona, a state that’s done more than any other to welcome …

POSTED MARCH 20, 2018 2:59 PM
How Bad Was P/C Insurers’ Underwriting Loss in 2017?
The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The 2017 underwriting loss was mainly due …

POSTED MARCH 20, 2018 1:49 PM
Former Federal Insurance Chief McRaith Joins Blacsktone’s Insurer Investment Team
Michael McRaith, former director of the U.S. Department of the Treasury’s Federal Insurance Office (FIO), has been named managing director for Blackstone Insurance Solutions (BIS), a newly formed business offering Blackstone’s investment management services to insurers. McRaith’s appointment follows Blackstone’s …

POSTED MARCH 20, 2018 1:21 PM
Grandisson Named CEO of Arch Capital, Succeeding Iordanou Who Has Retired
Marc Grandisson is the new CEO of Arch Capital Group. Ltd., following the previously announced retirement of longtime leader Constantine “Dinos” Iordanou. Arch disclosed in a regulatory filing that Grandisson, 50, most recently president and chief operating officer, has been …

POSTED MARCH 20, 2018 1:20 PM
New York’s Senators Call for Probe of FAA Approval of Doors-Off Flights
New York’s senators are calling for a probe into how “doors-off” helicopter sightseeing flights and the tight harness systems were ever approved by the Federal Aviation Administration in the first place. U.S. Sens. Charles Schumer and Kirsten Gillibrand made the …

POSTED MARCH 20, 2018 1:15 PM

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