INSURANCE NEWS

EU to Seek COP28 Deal on Phasing Out Fossil Fuels: Draft Document

European Union countries are preparing to push for a global deal on phasing out fossil fuels at the United Nations COP28 climate summit which begins in November, a draft of the EU’s negotiating position showed. Diplomats from the bloc’s 27 …
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Petroleum Asphalt Remains in Yellowstone River in Montana After Train Derailment

Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains. Thick mats of tarry petroleum asphalt cover portions of sandbars. Oil-speckled rocks and …
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California Voting on Increasing Storage At Site of Massive Methane Leak Despite Risks

California officials are expected to vote on a proposal to increase storage capacity at the site of the nation’s largest known methane leak that sickened thousands of families and forced them from their Los Angeles homes in 2015. The proposal …
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Visual Artists Fight Back Against AI Companies for Repurposing Their Work

Kelly McKernan’s acrylic and watercolor paintings are bold and vibrant, often featuring feminine figures rendered in bright greens, blues, pinks and purples. The style, in the artist’s words, is “surreal, ethereal … dealing with discomfort in the human journey.” The …
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About $2.2B Insured Losses From Hurricane Idalia, Says KCC

Though it made landfall as a Category 3 storm, Hurricane Idalia impacted an are of low population and is expected to cause private insured losses of about $2.2 billion, according to catastrophe modeler Karen Clark & Co. “Idalia made landfall …
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Hong Kong Braces for Biggest Typhoon Since 2018

Hong Kong was starting to feel the impact of Super Typhoon Saola as winds reached hurricane force and rain lashed the city. The government said it will raise the No. 9 storm signal — the second highest — at 6:20 …
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Fast Fashion Firms Prepare for EU Crackdown on Waste Mountain

In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. Within a year, …
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NFL Player’s Home Explosion Caused by Natural Gas, Authorities Say

Fire investigators have determined that a natural gas explosion destroyed Tennessee Titans cornerback Caleb Farley’s North Carolina home, killing the NFL player’s father and injuring a family friend, officials announced Tuesday. It wasn`t clear where the gas leak originated, and …
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Four Inmates in Problem-Plagued Atlanta Jail Have Died in the Span of a Month

A 34-year-old man who was being held at a problem-plagued jail in Atlanta died after he was taken to a hospital. He was the fourth person to die in Fulton County custody in the span of a month. A jail …
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Idalia Could Mean New Pressure on Florida Rents, Housing Costs

(Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate, particularly owners of apartments and other multifamily properties already grappling with soaring premiums driven by climate change, industry executives and analysts said. Idalia on Wednesday …
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Washington Roofer Who Faked Injury Pleads Guilty to Workers’ Comp Fraud

A Pierce County, Washington man who removed and installed roofs while claiming he was too injured to work has pleaded guilty to stealing workers’ compensation benefits. Patrick Dean Farthing, 64, pleaded guilty recently to third-degree theft, a gross misdemeanor. The …
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Court Overturns Rejection of Surgeon’s Arbitration Pact Because It Was Not in Spanish

An eye surgeon’s English language mandatory arbitration agreement with a patient is valid and enforceable where the patient claimed if it had been in his first language, Spanish, he would not have signed it. The Massachusetts Supreme Judicial Court has …
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