INSURANCE NEWS
Recordings Show How Mormon Church Protects Itself From Child Sex Abuse Claims
Paul Rytting listened as a woman, voice quavering, told him her story. When she was a child, her father, a former bishop in The Church of Jesus Christ of Latter-day Saints, had routinely slipped into bed with her while he …
Fire Blamed on E-Bike Battery Kills 1, Injures 6 in Bronx Apartment Building
One person was killed and six others were injured when a fire blamed on an electric bicycle battery tore through a New York City apartment, officials said Monday. The fire started at around 7 p.m. Sunday in a 10th-floor apartment …
During Pandemic, Surgeries Delayed, but Care on Track for Injured Workers: WCRI
Injured workers got timely initial help during the COVID-19 pandemic but faced a longer wait for surgery compared to pre-pandemic years. A new Workers Compensation Research Institute (WCRI) FlashReport examined the time from injury to first medical service among workers’ …
Family of Kansas Woman Killed in Apartment Fire Blames 911 Dispatch Center for ‘Systemic Issues’
WICHITA, Kan. (AP) – The family of a 22-year-old woman who died in an apartment fire in Kansas’ largest city after mistakes by the 911 dispatch center believes the center has “systemic issues,” and the local firefighters union is calling …
German Companies Seeking to Cut Risk of Doing Business in China: Survey
Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in China. Firms are …
Father of Palestinian American Boy Slain in Chicago Suburb Files Wrongful Death Lawsuit
CHICAGO (AP) – The father of a 6-year-old Palestinian American boy fatally stabbed in what authorities allege was a hate crime has filed a wrongful death lawsuit. Oday Al-Fayoume filed the lawsuit last month against the suburban Chicago landlord charged …
Howden Acquires Swiss Reinsurance Broker Haakon AG
Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon, formerly part of the Baloise Group, has offices in Basel and Kuala …
Study: Louisiana’s Agriculture and Forestry Sectors Suffer $1.69 billion in Damages Due to Heat and Drought
Louisiana’s agriculture and forestry sectors experienced approximately $1.69 billion in damages in 2023 due to excessive heat and drought, according to a study from the Louisiana State University Agricultural Center. The report, “Preliminary Estimates of the Impacts of Drought and …
Societe Generale Issues €10M Digital Green Bond on a Public Blockchain
Societe Generale, France’s third-biggest listed bank, said on Monday it issued its first so-called digital green bond on a public blockchain, as the lender seeks to build expertise in crypto services. The inaugural transaction amounts to 10 million euros ($10.87 …
Global Carbon Emissions From Fossil Fuels to Hit Record Peak in 2023: Report
The Global Carbon Project, an international collaboration of scientists, estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons. That’s a new peak and 1.4% higher than the …
War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks
War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday. The incidents are the …
NOAA: 2023 Atlantic Hurricane Season Ranks 4th for Most-Named Storms
Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in a year since 1950, the National Oceanic and Atmospheric Administration (NOAA) said. Seven storms were hurricanes and three intensified to …