INSURANCE NEWS
London Is Falling Down — Because of Climate Change
Britain’s increasingly extreme weather is shaking the very foundations of its centuries-old history. The nation has been experiencing prolonged periods of drought after wet winters since last year. That’s causing the porous rock beneath vast parts of southeast of England, …
Meat Processor Agrees to Reform Hiring After Two Teens Found at a Minnesota Plant
OMAHA, Neb. (AP) __ A second company involved in meat processing has agreed to reform its hiring practices after investigators recently discovered teenagers working there. The Labor Department said Friday that Monogram Foods will pay a more than $30, 000 …
Siemens Energy Deepens In-house Probe Into Wind Turbine Problems: Sources
Siemens Energy’s management board has set up a task force to establish the scope of deepening problems at its crisis-ridden wind turbine division, including quality issues at its two most recent onshore platforms, two supervisory board sources said. The investigation …
Kansas Attorney General Sues to Prevent Transgender People From Changing Driver’s Licenses
TOPEKA, Kan. (AP) – The Republican attorney general of Kansas sued Friday to block transgender residents from changing their sex on their driver`s licenses and to rebuke the Democratic governor for defying his interpretation of a new law. Attorney General …
EPA’s Lax Enforcement Leaves Thousands of Lead Pipes in Chicago Drinking Water
Even though lead in drinking water damages children`s development, the Environmental Protection Agency has forced very few cities to replace their lead pipes. Consider Chicago, with more water pipes made out of lead than any U.S. city, some 400,000. About …
Robots Say They Won’t Steal Jobs, Rebel Against Humans
Robots presented at an AI forum said on Friday they expected to increase in number and help solve global problems, and would not steal humans’ jobs or rebel against us. But, in the world’s first human-robot press conference, they gave …
Why Labor Unions Are Gaining Leverage in Contract Talks With Big Employers
U.S. union workers are finding more solid footing during contract negotiations with employers as a tight labor market allows employees to flex more bargaining power. Airline pilots, railroad employees, dockworkers, and others have pushed for higher pay and better benefits, …
Musk Claims Lawyers Overbilled in Fight to Make Him Buy Twitter
Elon Musk sued the law firm that led the court fight to make him complete his takeover of Twitter, saying it took advantage of the company while running up a $90 million bill. Wachtell Lipton Rosen & Katz, among the …
NC Coaster Crack May Have Formed 6-10 days Before Ride Was Closed, Official Says
An ongoing investigation by North Carolina`s Department of Labor found that a large crack in the support column of a towering roller coaster had been visible for at least a week before the amusement park shut it down for repairs. …
Hub International Acquires Golden Corner Wealth Advisors in South Carolina
Hub International Ltd., a major insurance brokerage and financial services firm, has expanded its retirement consulting reach with the acquistion of Golden Corner Wealth Advisors in Seneca, South Carolina. Golden Corner, owned by Golden Green Inc., is a financial advisory …
Washington Commissioner Sends Climate Risk Disclosure Survey to Insurers
Washington Insurance Commissioner Mike Kreidler sent out his annual Climate Risk Disclosure survey, requiring insurance companies with more than $100 million in written premiums in the United States in 2022 to respond, his office announced on Friday. The survey was …
Insurers Want to Reform California Law After Farmers Says it Will Limit New Homeowners Policies in the State
The American Property Casualty Insurance Association is calling for reform to California’s primary insurance law following another large insurance carrier limiting new homeowners insurance writing in California. Effective July 3, Farmers will limit new homeowners insurance policies in California, a …