Insurance
Shell Wins Appeal Against Landmark Dutch Climate Ruling
A Dutch court on Tuesday accepted Shell’s appeal against a landmark climate ruling, dismissing the order for the oil and gas company to sharply reduce emissions. The original 2021 ruling ordered Shell to cut its absolute carbon emissions by 45% …
Read More Malaysia’s Top Bank Is Said to Weigh Options for Insurer Etiqa
Malayan Banking Bhd. is considering options including buying out Ageas SA’s minority stake in Etiqa as Malaysia’s biggest lender seeks to boost the value of the Southeast Asian insurer, according to people with knowledge of the matter. Maybank, as the …
Read More Biden Administration to Support Controversial UN Cyber Treaty
The Biden administration plans to support a controversial cybercrime treaty at the United Nations this week despite concerns that it could be misused by authoritarian regimes, according to senior government officials. The agreement would be the first legally binding UN …
Read More FTX Sues Binance and Its Former CEO for $1.8B
Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s …
Read More FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency’s head said Saturday. “This is a clear violation of FEMA’s core values and principles to help …
Read More Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1
Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin last week. A form is available …
Read More People Moves: LP Insurance Services Names Reed to Commercial Team in Nevada
LP Insurance Services LLC named Travis Reed to its commercial lines team in northern Nevada. Reed has more than 10 years of industry experience, most recently as a sales executive with Alpine Insurance Associates. He previously worked as vice president …
Read More Louisiana Community Protest Approval Process for Ammonia Plant
ELKINSVILLE, La. (AP) — A dispute over a planned ammonia plant near a historic Black town in southeastern Louisiana ratcheted up a notch with a challenge to the state’s approval process. The battle over the plant is occurring despite the …
Read More AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid
Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid. Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute about 650,000 artificial intelligence-enabled …
Read More Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out
The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster insurance pay-out, the Red Cross told Reuters, signaling both the scale of the problem and the need for new financing …
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