ALLIANZ HAS announced it will be the title sponsor
of the race circuit of the Drone Racing League (DRL).
The Allianz World Championship 2017 series will
consist of six races to be aired in over 75 countries
starting in June. Sixteen top drone pilots will be flying
racing drones at over 90 mph through a series of 3-D
racecourses in venues across Miami, New Orleans,
Atlanta, Boston, Munich and London.
“Drones are already an important part of our
business, so we’re excited to align with DRL as they
harness the latest technological advancements and
reimagine what racing in the 21st century looks like,”
said Jean-Marc Pailhol, head of group market
management and distribution at Allianz SE. Allianz’s
aviation insurer, Allianz Global Corporate & Specialty,
offers a variety of drone insurance products for private
and commercial operators, manufacturers, repairers,
flight schools and training facilities.
THE WIDOW of a man who drowned in South Carolina’s historic 2015 flooding is suing the
federal government over a dam that failed. The lawsuit, filed in late Dec. 2016 by Lois McCarty,
seeks unspecified damages related to the death of her husband early on the morning of Oct. 4,
2015 after the Semmes Lake dam failed around 3 a.m. According to the suit, Bob McCarty was
in his car at 6: 30 a.m. that morning when he was swept away in floodwaters rushing from the
29-acre, man-made lake at Fort Jackson, the Army’s largest basic training installation.
The 76-year-old dam was inspected just two years earlier, but according to the lawsuit, the
government “utterly failed to remedy or even address the dam’s serious risk of failure” following
the 2013 inspection. Lawyers wrote that the government knew the dangers of maintaining the
dam “in its seriously hazardous condition but chose not to correct the deficiencies” or repair the
dam, adding that officials at Fort Jackson also didn’t warn people including McCarty of the dam
failure. Other lawsuits related to the failure of Semmes Lake’s dam are pending, reports AP.
Lost in the Flood
Taking to the Skies
What AIG has agreed to
pay Berkshire Hathaway
Inc. for the latter to take
on long-term risks from
commercial policies AIG
wrote in prior years. The
reinsurance deal transfers
liabilities on certain U.S.
policies from 2015 and
reserves of about $34
billion as of Jan. 1, 2016.
The coverage involves
long-tail policies, in which
claims can emerge years
after a policy is issued.