INSURANCE NEWS
Railroad Industry Sues to Block New Locomotive Pollution Rules in California
The railroad industry sued to block new environmental rules in California, arguing they would force the premature retirement of about 25,000 diesel-powered locomotives across the country long before their zero-emission counterparts are ready to take their place. Those rules are …
Man Arrested on Suspicion of Starting California Fire That Burned 100 Homes
A 71-year-old man was arrested Friday on suspicion of starting a forest fire that destroyed more than 100 homes last year near Yosemite National Park, California fire authorities said. Edward Fredrick Wackerman, of Mariposa, was arrested on suspicion of aggravated …
Collapsed Condo’s Pool Deck Failed to Comply with Codes, Prelim Report Says
The swimming pool deck of a beachfront South Florida condominium that collapsed two years ago, killing 98 people, failed to comply with the original building codes and standards, did not stick to the original design, and had many areas of …
Tornadoes, Strong Winds Caused Property Damage Across South
Damaging winds and possible tornadoes toppled trees, damaged buildings and blew cars off a highway Wednesday as powerful storms crossed the South from Texas to Florida to Georgia late last week. The National Weather Service issued numerous tornado warnings, mainly …
Insurtech Thinksurance Raises $24M
Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The capital comes from new investors as well as existing shareholders and will enable Thinksurance to …
UK’s Labour Vows to Make Britain a Clean Energy Superpower by 2030
Britain’s main opposition Labour Party on Monday pledged to turn the country into a clean energy superpower by 2030, saying it would overturn a ban on new onshore wind farms while respecting any oil and gas licenses granted before the …
Behind Aviation Recovery, Suppliers Struggle to Keep Up
For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. What won’t be on display is the problem that has consumed time and attention of executives and consultants for the past …
Stalled Contract Jeopardizes Relations Between New Disney District and Firefighters
After appointees of Florida Gov. Ron DeSantis took over Walt Disney World’s governing district earlier this year, its firefighters were among the few employees who publicly welcomed them with open arms. But that warm relationship is in jeopardy as a …
Family Sues Harvard Medical School Over Theft of Body Parts Donated for Research
The son of a woman whose body was donated to Harvard Medical School for research purposes filed a class-action lawsuit on Friday on behalf of all families who believe their loved ones’ body parts were mishandled by the school’s former …
AM Best Issues Negative Oulook for Allegany-Conemaugh Group
AM Best has revised the outlooks to negative from stable for Allegany Co-op Insurance Co., in Cuba, New York, and Conemaugh Valley Mutual Insurance Co. in Johnstown, Pennsylvania. These companies are collectively referred to as Allegany-Conemaugh Group. At the same …
For Groups Fighting Opioid Crisis, Settlement Money Can Be Hard to Come By
Companies accused of fueling the U.S. opioid crisis have so far paid out more than $3 billion to compensate states, but has any of the money reached the people who need it? It depends where you live. Yes, if you’re …
What Is Russia’s Problem With the Black Sea Grain Deal?
President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets. Putin said …