The III’s Michael Barry briefs our membership every week on key insurance related stories. Here are some highlights:
- A lone gunman killed 58 people, and injured hundreds of others, in Las Vegas in the single deadliest mass murder in U.S. history on Sunday, October 1. The tragedy is already raising insurance liability issues.
- The Trump administration is asking Congress to authorize a $29 billion disaster relief package for costs associated with 2017’s Hurricanes Harvey, Irma, and Maria.
- In a 6-3 vote, The Financial Stability Oversight Council (FSOC) rescinded its determination that American International Group (AIG) is a systemically important financial institution (SiFi).