June 29, 2022

Analysis-U.S. Mass Shooting Insurance Rates Jump as Incidents Rise | Top News

By Noor Zainab Hussain and Carolyn Cohn

(Reuters) – The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said.

The United States witnessed 293 mass shootings so far this year, according to a report by the Gun Violence Archive them as any event involving the shooting of four or more people other than the assailant. That compares with 309 the same period last year, but is sharply up from 240 in 2020.

Demand for such insurance has risen following recent shootings, including the murder of 19 children and two teachers at a Texas elementary school last month, the United States’ worst school shooting in nearly a decade.

Active shooter insurance typically covers victim lawsuits, building repairs, legal fees, medical expenses and trauma counseling.

“The number of inquiries we’ve been receiving over the last few weeks have definitely spiked … we haven’t been as busy as this ever before,” said Chris Parker, Head of Political Violence and Deadly Weapons Protection at Lloyd’s of London insurer Beazley.

Parker said the insurer had seen a 25% jump in revenue so far this year for its

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Tesla hires new lawyer in compliance role amid legal battles

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland. REUTERS/Arnd Wiegmann

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(Reuters) – Tesla Inc has hired Michael Munro to handle compliance issues, according to a post from Munro on his LinkedIn account Tuesday, as the electric-car maker and its CEO Elon Musk face mounting legal challenges.

Munro will serve as associate general counsel for global compliance. Tesla did not confirm the hire nor did it immediately respond to requests for comment Tuesday.

Munro jumps to Tesla from a part-time position as general counsel at logistics platform company e2Log and a role at compliance consulting firm GCMR, which his LinkedIn profile said he co-founded.

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Tesla and Musk, who is the world’s richest person, are fighting on several legal fronts, including with the Securities and Exchange Commission over a 2018 agreement to have Musk’s Twitter posts vetted.

Tesla also faces several labor lawsuits, the latest of which alleges the company failed to provide legally-required advance notice to employees ahead of a

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