INSURANCE NEWS
After Beryl, Houston Area Farmers Come Together to Face Unique Challenges
PORTER, Texas (AP) — Hurricanes cause trouble for everyone, but farmers have a whole other list of problems. Beryl has been no exception: Over the past week, the storm damaged crops, soaked rabbits and chickens, terrified goats, put horses at …
Illinois Contractor Faces $354K in Fines for Exposing Workers to Fall Hazards
Federal workplace safety inspectors have cited an Illinois construction contractor for again exposing employees to falls from elevation — the industry’s leading cause of injury and death — as they did residential framing work, this time at four subdivisions under …
Ping An Insurance Seeks $3.5 Billion in Convertible Bonds
Ping An Insurance (Group) Co. is seeking to raise $3.5 billion through the sale of convertible bonds, joining a wave of issuance in Asia in recent months. The company is offering the bonds due in 2029 with a coupon of …
Wall Street Pushes Back After Activists Escalate Protests
Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate. For more than a month now, scores of activists have mounted near-daily protests …
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS
MOUNT VERNON, Ind. (AP) — The remnants of Hurricane Beryl spawned at least four tornadoes in Indiana, including an EF-3 twister with winds as high as 140 mph (225 kph) that tore through a small city in the state’s southwestern …
SC Supreme Court Urges Legislative Fix to Pre-existing Health Issue in Workers’ Comp
South Carolina lawmakers next year may be asked to revamp a workers’ compensation employment test that judges have relied on for more than 50 years, if the state Supreme Court has its way. The court last week said that a …
Texans Endure Second Week Without Power After Hurricane Beryl
CHANNELVIEW — Juan Piñón’s long-sleeve black shirt and forest green pants were soaked. He used a shovel to scrape concrete mix out of a blue wheelbarrow and throw it on the ground. The 43-year-old construction worker was hard at work …
Growing Southern California Wildfire Threatening 4,100 Structures
Evacuation orders and warnings are in place for roughly 4,200 people due to a growing wildfire in southern California that is threatening 4,100 structures. The Shelly Fire in Siskiyou County is now 15,232 acres and is 3% contained. It is …
Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. A deal may be worth as much as $23 billion, said the person, who asked not to be identified …
Natural Disasters Cost China $13 Billion in January-June
Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half of this year, with almost 33 million people affected, the government said on Friday. Heavy snow, 22 strong earthquakes including …
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data
A hacker who claims to have stolen sensitive call and text logs from AT&T Inc. said they were paid about $400,000 to erase the data trove. An analysis of a Bitcoin wallet address provided by the hacker shows a transaction …
The World’s Power Grids Are Failing as the Planet Warms
Under the blazing Adriatic sun, life almost stopped in Montenegro’s capital Podgorica earlier this summer. Cars and buses were stuck in gridlock as traffic lights went out, the internet crashed, and security alarms blared in reaction to a sudden loss …