News

Sandy Hook settlement could trigger rise in insurance prices

Published

4 years ago

February 17, 2022

ticker NEWS

A historic US$73 million settlement with gun-maker Remington Arms over the fatal Sandy Hook shooting will likely to drive up the prices of insurance

According to firearms reporter Stephen Gutowski the price of insurance will likely rise following the major settlement with the gun maker, which was reached this week.

Remington Arms is set to pay $73 million to the families of victims killed in the Sandy Hook Elementary School massacre.

In December 2012, 20 students and six adults were killed by a gunman brandishing a Remington Bushmaster AR-15 rifle at a school in Connecticut after killing his mother at home.

The families of five children and four adults will receive a sum of the money, with the firearms company also releasing all the discovery and disposition material to the public.

After years in courts trying to hold Remington accountable, the settlement will finally be paid through insurance policies.

One victim’s mother has marked the day as an “inflection point”.

Gutowski says it’s the gunmakers who will cop the price hike, as this settlement will likely hold a precedence which will hold them responsible for fatal events such as the 2012 shooting at Sandy Hook.

News

LIVE: U.S. and Israel launch war on Iran

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

Published

9 minutes ago

March 4, 2026

ticker NEWS

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

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U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months

News

Trump claims Iran military neutralised as Strait Of Hormuz tensions surge

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

Published

1 hour ago

March 4, 2026

Harvey Vargas

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

President Trump says Iran’s military capability has been largely neutralised, including its navy and air force, as the conflict in the Middle East intensifies. Iranian attacks have threatened commercial air travel and oil shipping through the Strait of Hormuz, raising fears of wider economic fallout.

The U.S. Embassy in Riyadh has faced two attacks, while Gulf states worked to intercept further Iranian strikes. Officials report six U.S. troops killed and more than 700 deaths inside Iran as the exchange of fire escalates.

With global markets watching closely, the region remains on edge as military and diplomatic tensions show no signs of easing.

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News

Airlines face disruptions that surpass previous Middle East conflicts

Published

23 hours ago

March 3, 2026

Ahron Young

What’s happening in the Middle East?

Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears