Insurance
Unprecedented Wildfire Season Ravages Louisiana as Drought and Heat Persist
BATON ROUGE, La. (AP) – One of the largest wildfires in Louisiana history continues to burn through land and threaten rural communities, which are used to flooding and hurricanes this time of year rather than drought and blazes. Louisiana has …
Read More University of Minnesota Faces Lawsuit Over Alleged Negligence in Data Breach Incident
MINNEAPOLIS (AP) – A lawsuit filed on behalf of a former student and former employee at the University of Minnesota accuses the university of not doing enough to protect personal information from a recent data breach. Attorneys for the two …
Read More Data Call: Florida OIR Wants Idalia Claims Info Daily Through Sept. 6
The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday. The data should be submitted by noon Eastern time, every day, including Saturday and Sunday, through Sept. 6, the …
Read More Early Estimates Put Idalia’s Insured Losses at $9 Billion for Florida
Preliminary estimates of insured losses from Hurricane Idalia have already begun, with about $9 billion in losses predicted for Florida alone. The estimates are far lower than some in Florida had feared and well below the $60 billion in losses …
Read More FDA Warns 3 Baby Formula Makers to Correct Manufacturing Process Controls
The U.S. Food and Drug Administration on Wednesday issued warnings to three infant formula makers to correct their manufacturing processes to better catch bacterial contamination, but added it does not expect any impact on the supply. The regulator issued warning …
Read More Appeals Court Dismisses 14 COVID Business Insurance Claims Against Travelers
The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The federal appeals court affirmed the denial of the claims …
Read More Slovenia Estimates €7 Billion Price Tag for Reconstruction After Floods
Rebuilding from this month’s floods in Slovenia will cost €7 billion ($7.6 billion) over the next five years, Prime Minister Robert Golob said. The government is preparing new legislation to serve as a road map for reconstruction after the worst …
Read More Cleanup Begins After Hurricane Idalia Hits Gulf Coast
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. Idalia crashed …
Read More Australia Settles Lawsuit Over Climate-Related Systemic Risks to Sovereign Bonds
The Australian government has agreed to settle a class action lawsuit which alleged it had failed to disclose climate change-related risks to investors in the country’s sovereign bonds, court filings showed. The terms of the settlement, if approved by the …
Read More Investors Call on Proxy Adviser ISS to Overhaul its Net-zero Proxy Advice
More than 30 investors have called on proxy advisor ISS to improve the guidance it gives to clients wanting companies to decarbonize faster, saying its policies had failed to keep pace with rising climate change risks. Institutional Shareholder Services (ISS) …
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