Insurance
Britain Sounds Alarm on Russia-Based Hacking Group
A Russia-based hacking group named Cold River is behind an expansive and ongoing information-gathering campaign that has struck various targets in government, politics, academia, defense, journalism, and activism, Britain said on Thursday. In an advisory, the National Cyber Security Centre …
Read More Madison Square Garden Ban on ‘Enemy Lawyers’ Prompts Legislation, AG Inquiry
New York City’s Madison Square Garden and other sports venues would be barred from refusing entry to perceived enemies of their owners under a bill introduced to the state Legislature Monday. The proposed legislation comes after the company that owns …
Read More Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability
Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun off a subsidiary that took on its liability from asbestos litigation and then filed bankruptcy to limit lawsuit payouts, according …
Read More Double Whammy of Insurance and Energy Costs to Trigger UK Insolvencies, PwC Warns
More than 30,000 British companies went bust last year, with accountants warning of a “double whammy” to come in April that could trigger another wave of insolvencies. Big businesses were the worst hit, according to a report published Thursday by …
Read More Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks
Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders say will help narrow this …
Read More Anti-Sexual Harassment Organization, Times Up, Shifts Resources to Legal Fund
The Golden Globes carpet typically glitters with crystal-studded gowns in pastel hues, but it looked different in January 2018: The ballgowns were black, and the night’s key accessory was a pin that read “Time’s Up.” Onstage, Oprah Winfrey brought guests …
Read More Bill Would Give State Board Control of Mississippi Capital’s Troubled Water System
Jackson’s troubled water system could get a new set of owners under legislation advanced Tuesday by Republican lawmakers in Mississippi. The bill would transfer ownership to a new public entity overseen by a nine-member board, the majority of which would …
Read More More Alabama Counties Eligible for FEMA Aid after Recent Storms
More Alabama counties are now eligible for federal help after last week’s storms and tornadoes. Emergency Management Agency Director Ernie Baggott said Federal Emergency Management Agency assistance in the designated disaster area will be extended beyond Autauga and Dallas counties …
Read More Kentucky Officials Secure 2nd High-Ground Site for Flood Victim Relocation
State officials have secured another eastern Kentucky site with higher ground to build new homes for flooding victims. The 50-acre site is just a few miles from downtown Hazard, and the first-phase plan includes 150 new homes, Gov. Andy Beshear …
Read More Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42% of economic losses were covered by public and private insurance entities, which translates into …
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