INSURANCE NEWS
11 Injured When Bus Carrying Fraternity Members Blows a Tire in Mississippi
BAY ST. LOUIS, Miss. (AP) — Eleven people were injured when a bus carrying University of South Carolina students blew a tire and hit a concrete barrier in Mississippi. Mississippi state troopers said the driver and a student were critically …
Hurricane-Force Winds Leave 150,000 Without Power in Colorado
More than 150,000 Xcel Energy Inc. customers in Colorado are without electricity amid hurricane-force winds — and some may not get power back until Monday. Those affected include about 55,000 customers who had their power cut preemptively by the utility …
Former Maryland Insurance Agent Pleads Guilty to Stealing $369K
A former Maryland title insurance agent recently pleaded guilty to carrying out a multi-year theft scheme netting her more than $369,000, according to the state attorney general. Cheryl Leigh Gray was a licensed insurance producer working as the operations manager …
Women in UK Financial Services Earn One-Third Less Than Male Colleagues: Data Show
Some of Britain’s top financial firms pay women 28.8% less on average than male counterparts, salary data from 21 companies reviewed by Reuters shows, even though they say they are striving to hire more females for higher-paid, senior roles. Banks, …
Loss of Engine Cover on Southwest Boeing 737-800 Prompts FAA Probe
An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration (FAA) to open an investigation. No one was injured and Southwest Flight 3695 …
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home insurance in the U.S. …
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in metallurgical coal mining. The restrictions also entail asking the highest-emitting corporate customers to reduce their carbon footprints, …
Bayer’s $1.5 Billion Roundup Verdict Slashed to $600 Million
Bayer AG’s Monsanto unit persuaded a Missouri judge to cut almost $1 billion from a $1.5 billion jury verdict that was one of the largest in the six years the company has been fighting thousands of claims that its Roundup …
Why Near-Miss Cyberattack Put US Officials and Tech Industry on Edge
German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little-known program. What he found when he investigated has sent shudders across the software world and drawn attention from tech …
How Three European Human Rights Cases Could Shape Climate Litigation
Does government inaction on climate change violate human rights? That is the question the European Court of Human Rights will for the first time seek to answer in Strasbourg, France, as it rules this week on three separate climate cases. …
Florida Panhandle Wildfire Destroys Home, Damages 15 Others
PENSACOLA, Fla. (AP) — A wildfire in the Florida Panhandle has destroyed a home and damaged at least 15 others. The Florida Forest Service said Friday that the blaze, which broke out Thursday near Pensacola, was now more than 60% …
Gunfight at South Florida Bar Leaves 2 Dead, 7 Injured
DORAL, Fla. (AP) — A gunfight at a suburban Miami bar left two people dead and seven injured early Saturday. Investigators said a fight between customers broke out around 3:30 a.m. at the Martini Bar in the CityPlace Doral development …