Insurance
European Commission to Propose Floating Russian Oil Price Cap
The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The Commission proposed …
Read More US Faces More Extreme Weather Events, but Is Society Doing Enough?
After deadly flooding in central Texas in 1987, some thought they’d proven they could handle Mother Nature’s best punch. Then came this month’s horrific flash floods, when unfathomable amounts of rain fell in only hours and more than 100 people …
Read More CSU Hurricane Season Forecast Adjusted to ‘Slightly’ Above Normal
The team of hurricane researchers at Colorado State University shaved off a storm from its original Atlantic hurricane season forecast, and now sees a “slightly” above normal season. High levels of observed Caribbean wind shear, which break up storms, is …
Read More Extreme Heat Is Killing European Workers Despite Government Efforts
Montse Aguilar was a healthy 51-year-old woman when she started her shift cleaning streets in Barcelona at around 2:30 p.m. on June 28. The Spanish city was under alert for high temperatures amid a brutal heat wave that brought record …
Read More People Moves: Arch Insurance NA Promotes 5 to Division Presidents
Arch Insurance North America said five of its executives were named to the newly-created roles of division presidents, effective Aug. 1. Linda Fallon has been named Division President, Consumer Business, which includes the Travel, Accident & Health unit and the …
Read More Pennsylvania Digital Forgery Law Targets AI Scams and Financial Exploitation
A new Pennsylvania law intended to crack down on AI-powered fraud and financial crimes makes it a felony to use artificial intelligence to produce non-consensual “forged digital likenesses” like deepfakes or voice clones to injure, financially exploit, or scam people. …
Read More Deadly History of Flooding in ‘Flash Flood Alley’ Along Guadalupe River
Cindy Manley was a summer camp counselor in 1987 when a different devastating flood scarred the Texas Hill Country. The Heart O’ the Hills camp is on the Guadalupe River, where a massive search continues for more than 160 people …
Read More Nebraska Sues GM Over Alleged Unauthorized Collection of Driving Data
Nebraska Attorney General Mike Hilgers filed a lawsuit this week alleging General Motors and its telematics service provider OnStar collected driving data without consumers’ knowledge or consent to create driving scores that were later sold to insurance companies and used …
Read More Michigan Nursing Homes to Pay $4.5M Settlement Over Substandard Care Allegations
Michigan Attorney General Dana Nessel announced a $4.5 million settlement with six Detroit-area nursing homes and their ownership companies, Villa Financial Services LLC and Villa Olympia Investment LLC, over allegations that they accepted taxpayer funds while providing grossly substandard care …
Read More People Moves: McLarens Appoints Miller as Chief Global Strategy Officer
Global claims services provider McLarens has appointed Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). This strategic addition to the leadership team reflects McLarens’ continued growth and commitment to …
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