Insurance
Weather Service Confirms Five Tornadoes Hit New England Last Week
The National Weather Service confirmed that a tornado touched down in Connecticut last Friday, joining a spate of four other twisters detected Friday in New England, including three in Massachusetts and another in Rhode Island. The Connecticut tornado touched down …
Read More Cause Still Unknown in Pennsylvania House Explosion That Killed 6
Three houses at the center of a recent explosion near Pittsburgh that killed six people will need to be torn down and 10 others are not currently inhabitable, county officials said over the weekend. The Aug. 12 blast in Plum …
Read More Activist Behind Affirmative Action Cases Sues Major Law Firms
A group founded by the conservative activist who led the successful U.S. Supreme Court challenge to the consideration of race in college admissions on Tuesday sued two major U.S. law firms over fellowships they offer to racial minorities and LGBT …
Read More Moody’s RMS Estimates $4B to $6B in Economic Losses from Hawaii Wildfires
Moody’s RMS issued estimates on Tuesday showing economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii at $4 billion to $6 billion. The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, …
Read More People Moves: Shelter CEO Rawlins to Retire in 2024; Corbin Named Successor
Shelter Insurance Companies announced the retirement of current President & CEO Randa Rawlins effective April 30, 2024. Rawlins became President on January 1, 2021, and added the CEO title on July 1, 2021. Her retirement will bring an end to …
Read More Xcel Energy to Construct Underground Barrier to Prevent Radioactive Water from Reaching Mississippi River
MONTICELLO, Minn. (AP) – The energy company responsible for leaking radioactive material from its nuclear plant in Monticello, Minnesota, in recent months has announced that it will build an underground metal barrier to keep affected groundwater away from the nearby …
Read More Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row
Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail and wildfires linked to climate change become more frequent. Munich Re has put the total global insured costs of natural-catastrophe …
Read More Texas Pipe Company Faces Department of Labor Lawsuit for Violating Whistleblower Protections
A Department of Labor lawsuit claims a Tyler, Texas pipe manufacturer violated federal whistleblower protections after the company fired an employee because they requested to use a respirator to protect them from smoke and fumes in the work area. The …
Read More Florida OIR Tells Citizens to Rethink Maximum Rate Increase on HO Policies
When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back toward the beleagured primary …
Read More Japan to Release Water Into Sea From Fukushima Nuclear Power Plant on Aug. 24
Japan said on Tuesday it will start releasing into the sea more than 1 million metric tons of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, going ahead with a plan heavily criticized by China. …
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