Insurance
1 Dead, Several Injured When More Storms Rip Through Kentucky, Southeast
SPRINGFIELD, Ky. (AP) — Another storm hit parts Kentucky, Tennessee, West Virginia and Virginia Friday, killing one person and injuring seven others. In Kentucky, Washington County Judge-executive Timothy Graves said two or three houses were destroyed and downed trees temporarily …
Read More Police Say Driver Had 2X Legal Blood Alcohol Level in Deadly Yellowstone Crash
The driver of a pickup that crashed into a tour van near Yellowstone National Park this month, killing seven people, had a blood alcohol level more than twice the legal limit for driving, police said. The driver, identified previously as …
Read More Rate Moderation Continues During June’s Property-Cat Renewals: Howden Re
Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the reinsurance and advisory arm of Howden. While rate moderation continued and reinsurers’ appetite expanded …
Read More Skechers Shareholder Sues Footwear Maker for Details on $9.4B 3G Buyout
A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” According to a …
Read More New England Patriots to Pay $2.1 Million to Settle App Users’ Privacy Claims
A federal district court judge in Boston has granted preliminary approval to a $2.16 million settlement between the New England Patriots organization and a class of fans who claim their personally identifiable information (PII) was shared without their permission while …
Read More Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise
Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast guard …
Read More Highways Baking at 158F Signal a Red-Hot Summer From China to the US
In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for tourists. Weeks before …
Read More European Utilities Rush to Hedge Against Acute Wind Drought
After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought …
Read More When a Neighborhood Floods, Foreclosures Often Follow
As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Read More Size of Florida’s Slide Insurance Exec Compensation Has Tongues Wagging
When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …
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