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$1.5M Yacht Likely a Total Loss After Connecticut Barge Strike
Maritime officials say a 50-foot, custom-built yacht worth $1.5 million is likely a total loss after it was struck by a barge laden with sand and gravel in a Connecticut harbor. Capt. Eric Knott, Stamford’s harbormaster, tells the Stamford Advocate …

POSTED SEPTEMBER 21, 2018 2:07 PM
Remnants of Florence Spawned Six Tornadoes in Virginia
The National Weather Service has confirmed that the remnants of Hurricane Florence spawned a total of six tornadoes in Virginia earlier this week. Five of the tornadoes on Monday were spread across the Richmond metro area. A sixth tornado hit …

POSTED SEPTEMBER 21, 2018 2:00 PM
Court Rules for Archdiocese in Connecticut in Priest Abuse Insurance Case
A federal appeals court says an insurance company must reimburse the Roman Catholic Archdiocese of Hartford nearly $1 million for payments the archdiocese made to settle sexual misconduct cases involving priests and minors. A three-judge panel of the 2nd U.S. …

POSTED SEPTEMBER 21, 2018 1:06 PM
Allstate Reports $186 Million in Hail, Other Catastrophe Losses in August
The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfavorable reserve re-estimates of …

POSTED SEPTEMBER 21, 2018 1:04 PM
Being Nice to Employees Pays Off
Want the best results out of your employees? Then be nice to them. New research from Binghamton University, State University at New York finds that showing compassion to employees almost always pays off, especially when combined with the enforcement of …

POSTED SEPTEMBER 21, 2018 12:54 PM
IBM Being Sued for Age Discrimination
Shannon Liss-Riordan has been compared to “a pit bull with a Chihuahua in its mouth.” In a career spanning almost 20 years, the Boston-based lawyer has gone after corporations that have either harmed consumers or their own employees. She’s represented …

POSTED SEPTEMBER 21, 2018 12:45 PM
State Farm Gets OK to Deploy Drones to Inspect Florence Damage
The Federal Aviation Administration (FAA) recently granted a waiver to State Farm to allow the insurer the ability to inspect damage caused by Hurricane Florence. The approval, received just last week, allows State Farm to operate an unmanned aircraft system …

POSTED SEPTEMBER 21, 2018 12:01 PM
Space Junk: Emerging Global Risk Threatens Satellite Communications – Opinion
Last Saturday, the National Aeronautics and Space Administration launched the Ice, Cloud and Land Elevation Satellite-2, which will monitor Earth’s ice sheets, recording changes in ice thickness as small as half a centimeter. The satellite will allow us to see …

POSTED SEPTEMBER 21, 2018 10:06 AM
Brexit Divorce Stalemate: EU Leaders Reject UK Blueprint as Deadline Looms
Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal. A two-day summit in Salzburg, Austria, broke up without …

POSTED SEPTEMBER 21, 2018 9:51 AM
Tokio Marine Kiln Appoints Patel, Formerly with AXIS/Novae, as CFO
Tokio Marine Kiln (TMK) has appointed of Reeken Patel as chief financial officer (CFO). He joins TMK on Oct. 1, when he takes over from James Dover who has chosen to leave the business after 12 years at TMK and …

POSTED SEPTEMBER 21, 2018 9:38 AM

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