Insurance
New Zealand Firefighters Say Tongariro Wildfire Is Coming Under Control
A wildfire that swept across thousands of hectares of New Zealand’s Tongariro National Park appears to be coming under control, officials said. Residents are being allowed back into the area following an earlier evacuation. Rain and the efforts of firefighters …
Read More Typhoon Set to Swing Toward Taiwan After Ripping Philippines
Typhoon Fung-Wong is forecast to swing toward Taiwan after the powerful storm struck the Philippines’ northeast late on Sunday, causing widespread flooding and the suspension of government operations. The cyclone — known locally as Uwan — has now moved over …
Read More Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of controversy since it failed …
Read More Texas Sues Roblox Over Alleged Exposure of Children to Sexually Explicit Content
Texas Attorney General Ken Paxton is suing the online gaming platform Roblox for allegedly exposing children to sexually explicit content and exploitation, the latest in a flurry of lawsuits from his office aimed at big business. Texas is the third …
Read More Snow Set to Wallop Chicago as Cold Blast Aims for East Coast
Heavy snow will drop on Chicago late Sunday into Monday’s commute, further snarling air travel already disrupted by the US government shutdown and ushering in a cold blast that will bring near-freezing temperatures to New York City and as deep …
Read More Legislation Introduced to Retroactively Restore NFIP Amid Government Shutdown
Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell, R-Miss. introduced H.R. 5848, …
Read More Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds
The Texas workers’ compensation system saw a modest $12 million loss in 2024 as insurers reported an increase in direct losses paid and overall, according to a report compiled by the Insurance Council Texas (ICT). The 2025 Texas Workers’ Compensation …
Read More Flight Delays, Cancellations Accelerate as Air Traffic Controller Shortages Surge
Airlines canceled more than 2,200 U.S. flights on Sunday and Transportation Secretary Sean Duffy warned air travel will fall to a “trickle” in the run-up to the Thanksgiving holiday as air traffic control staffing shortages surge. Major airlines were dealing …
Read More US Justice Department Probes Meatpackers, Attorney General Says
President Donald Trump on Friday accused meatpacking companies of driving up U.S. beef prices, which have hit records, through manipulation and collusion, and ordered the Justice Department to investigate. Attorney General Pam Bondi said in an X post the probe …
Read More Oil Tanker Boarded by Suspected Pirates in Indian Ocean
An oil tanker was boarded by suspected pirates in the Indian Ocean to the east of the Somali coast, the most serious in a string of recent incidents in the area. The attackers were operating from a nearby mothership and …
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