INSURANCE NEWS
Family of Slain California College Student Sues for Wrongful Death Nearly 30 Years Later
The family of a California college student who vanished nearly three decades ago sued the school, alleging it caused Kristin Smart’s murder through negligence. Smart, then 19, disappeared from California Polytechnic State University in San Luis Obispo on the state’s …
Microsoft Says Russia-Linked Group Hacked Employee Emails
Microsoft Corp. said a Russian-linked hacking group attacked its corporate systems, getting into a “small number” of email accounts, including those of senior leadership and employees who work in cybersecurity and legal. The company said it’s acting immediately to fix …
Are Florida Insurance Premiums Hurting the Real Estate Market? Sales Down, Prices Up
State and national news reports have raised questions about the impact that high property insurance premiums in Florida have had on the real estate market and if the costs are prompting some residents to consider moving elsewhere. The Miami Herald …
Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo
Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with managing agent Apollo. Through Apollo’s Strategic Partner Syndicates business and Apollo …
SC Roads Chief Retires, Praised for Disaster Response, Highway Improvements
COLUMBIA, S.C. (AP) — South Carolina’s well-respected transportation leader Christy Hall is retiring after spending the past decade overseeing billions of dollars in highway spending after the state raised its gas tax to fix its roads. Hall’s retirement announcement as …
Online Rumors Partly to Blame for Water Pressure Drop in Jackson, Manager Says
JACKSON, Miss. (AP) — Law enforcement agencies are investigating whether social media rumors about a potential water outage prompted people to quickly fill bathtubs with tap water in Mississippi’s capital during a cold snap and cause a drop in pressure …
Hurricane-Force Winds Cause Chaos, Blackouts Across Europe
Storm Isha is causing travel disruption and power blackouts across northern Europe, as it brought hurricane-force winds to the UK and other parts of the region. The Met Office issued a yellow weather warning across the UK on Monday, although …
Looming Waste-Landslide Disaster Prompts Review of Environmental Laws in Denmark
A landslide of contaminated soil that threatens to pollute a water stream in Denmark has prompted the nation’s government to consider tightening environmental and corporate laws. Danish authorities have enlisted 100 workers and 80 trucks to avoid “a potential environmental …
Trudeau to Hold National Summit in Response to Canada’s Massive Spike in Auto Thefts
Prime Minister Justin Trudeau’s government is holding a summit next month to coordinate a national response to a massive spike in auto thefts across Canada in recent years. Toronto, Canada’s largest city, has borne the brunt of the crime wave, …
Two Australian Resource-Rich Regions Brace for Potentially Destructive Storms
Two Australian resource-rich regions are bracing for potentially damaging storms that could lead to flooding, the latest threats after months of extreme weather events. A tropical low developing in the Coral Sea off Queensland state is likely to become a …
USGS: Nearly 75% of US Could Experience A Damaging Earthquake
Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model created a color-coded map that …
New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery
Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it can be a lengthy, frustrating and bureaucratic process. New rules announced Friday by the federal agency in charge of emergency …