INSURANCE NEWS
Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says
JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …
Beirut Flights Canceled, Delayed Amid Fears of Israeli Attack
Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Lufthansa, Swiss and Eurowings of …
Texas Earthquakes Prompt Oil Regulator to Inspect Disposal Wells
The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin last week. Extremely salty water that naturally comes out of oil wells is discarded by injecting the slurry back into the ground, a practice that has …
ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks
Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …
BMS Agrees to Purchase UK Insurance Broker DR&P From Private Equity Firm Inflexion
BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P) from private equity firm Inflexion. Financial details of the deal were not disclosed. Founded in 1977, DR&P is one of …
Local Opposition Challenges Wind Farm Development in Rural Nebraska
After NextEra proposed a wind farm in Greeley County, Nebraska two years ago, Robert Bernt, a dairy farm owner in the area, helped to mobilize community members against the idea. His group held town hall meetings and ran ads on …
Hurricane Beryl Death Toll Grows to At Least 36, Including Those Who Lost Power
HOUSTON (AP) — The number of Texas deaths after Hurricane Beryl came ashore and knocked out power to millions of residents climbed to at least 36 on Thursday as officials confirmed more people who died in homes that were left …
Ohio Manufacturer Faces $145K in Fines After Worker Fatally Burned by Molten Metal
A Hubbard, Ohio industrial manufacturer failed to protect their employees from molten metal that was heated to more than 2,000 degrees Fahrenheit, the U.S. Department of Labor determined after its investigation into how a 30-year-old employee suffered fatal injuries. Investigators …
Dozens of Catholic Priests and Nuns Accused of Child Abuse in Missouri Lawsuits
ST. LOUIS (AP) — Sixty people allege in new lawsuits filed in Missouri that they were abused as children by dozens of Catholic priests, nuns and others, and the man who now leads the Archdiocese of Omaha, Nebraska, is among …
Crop Insurance Won’t Let Some Farmers Adapt to Climate Change
In Kansas, where a prolonged drought has killed crops and eroded the soil, Gail Fuller’s farm is like an oasis. Sheep, cows and chickens graze freely on crops and vegetation in a paradisiacal mess. But if Fuller’s farm were to …
Abbott Loses $500 Million Infant Formula Verdict, Lawyers Say
Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that its premature-infant formula can cause a potentially fatal bowel disease, according to lawyers for the mother who won the first …
Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts
Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for Legal Reform reported in May that nuclear verdicts are on the rise, noting that there were a record number of …