Insurance
Hawaiian Electric Restores Power After Rolling Outages Due to Loss of Generators
Utility firm Hawaiian Electric HE.Nrestored power on Hawaii Island after it had begun rolling outages on Tuesday due to the unavailability and reduced output from several large generators. “No more rolling outages tonight, power has been restored to all customers …
Read More Avalanches Kill Skier, Snowmobiler as Dangerous Snow Conditions Persist Across West
A backcountry skier and a snowmobiler were killed in separate avalanches in the Rocky Mountains as dangerous snow conditions persist across much of the West. The skier was buried Sunday in an area locally known as “The Playground” near Crested …
Read More Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity
Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection, in order to provide greater financial stability amid continued volatile market conditions and fluctuating insurance rates. Available to Marsh clients …
Read More College Board to Pay Penalty and Stop Monetizing New York Students’ Data
College Board, which administers standard educational tests that are used as part of college admissions, has agreed to a $750,000 settlement with New York state for violating students’ privacy and unlawfully selling their personal data. As a result of the …
Read More In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers
(Bloomberg) — Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger as a home-insurance crisis and other soaring costs make homes unaffordable. Homeowners from Sarasota south to Naples, known for its …
Read More Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association (WSIA). 2023 premiums reflected a 14.6% …
Read More US Seizes 747 Cargo Plane that Iran Sold to Venezuelan Firm, Plans to ‘Dispose’ of it
WASHINGTON (AP) — The U.S. government has seized a Boeing 747 cargo plane that officials say was previously sold by a sanctioned Iranian airline to a state-owned Venezuelan firm in violation of American export control laws. The Justice Department said …
Read More Kentucky Attorney General Sues Kroger Alleging Role in Opioid Crisis
FRANKFORT, Ky. (AP) — Kentucky Attorney General Russell Coleman filed a lawsuit Monday against one of the nation’s largest grocery chains, claiming its pharmacies helped fuel the state’s deadly opioid addiction crisis. The lawsuit against the Kroger Co. says its …
Read More Columbia University Sued by Jewish Student Over Campus Antisemitism
Columbia University was sued by a Jewish graduate student who claims the campus experienced an “explosion” of antisemitism since the Oct. 7 attack by Hamas on Israel. Mackenzie Forrest, 23, claims she faced discrimination because she’s an Orthodox Jew and …
Read More Former VW Chief Tells Court He Didn’t Deceive Investors Over Dieselgate
Former Volkswagen chief executive Martin Winterkorn told a German court on Wednesday he did not deceive investors over the carmaker’s rigging of diesel engine emissions tests. It was the first time Winterkorn has spoken about the so-called dieselgate scandal in …
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