Police Say Intoxicated Driver Hit 41 Cars in Rhode Island

Rhode Island police have arrested a man they say was driving under the influence when he struck more than 40 other vehicles. Police say 45-year-old Christopher Paolissi, of Foster, was “zig-zagging” his pickup truck when he struck 41 vehicles in …

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NJ Transit Receives Approval for Safety Upgrade Extension

Federal regulators have given official approval to New Jersey Transit for a two-year extension to complete the implementation of a required emergency braking system. The Federal Railroad Administration sent a letter this week that said NJ Transit met six key …

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Pool Re Completes £2.3B ($3.1B) Terrorism Retrocession Placement

Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more than 50 international reinsurers, led by Munich Re. The program, provided on a three-year basis, is one of the largest …

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Irish Drivers Will Need Special Insurance to Enter Northern Ireland After Hard Brexit

Irish drivers have been warned they will need a special insurance document to cross the currently invisible border to Northern Ireland after next month if the U.K. leaves the European Union without a deal. The Motor Insurers’ Bureau of Ireland …

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Lawmakers Cite Own Experiences in Grilling Drug Executives on Prices

Channeling the ire of constituents and drawing from personal experience, senators chastised drug company executives Tuesday over the high cost of prescription medications, while the CEOs warned that government price controls could stifle breakthroughs on diseases like Alzheimer’s. The Senate …

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Allianz Offers Reputational Protection in UK to Replace Lost Profits in a Crisis

Allianz Global Corporate & Specialty (AGCS) has launched Reputation Protect Plus in the UK to help companies protect their reputations – their most valuable assets – in times of crisis. Providing “tangible assistance to an intangible risk,” AGCS said its …

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UK Insurers, Banks Get Regulatory Transition Period in Event of Hard Brexit

British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of England and Britain’s Financial Conduct Authority (FCA) on …

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