INSURANCE NEWS
Youth Lawsuit Challenging Montana’s Pro-Fossil Fuel Policies Is Heading to Trial
A Montana judge said a climate change lawsuit from young people challenging the state’s pro-fossil fuel policies will proceed to trial despite efforts by the state to derail the case. The upcoming trial in Helena would be the first of …
5.5M Earthquake, Large Aftershock Hit Northern
Earthquakes have rattled a large area of Northern California this week, but only minor damage was immediately reported. A magnitude 5.5 quake centered in the Sierra Nevada’s Lake Almanor resort region struck at 4:19 p.m. Thursday and a magnitude 5.2 …
Washington Is Determined to Govern AI, but How?
U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington’s attention, consensus is far from certain. Interviews with a U.S. senator, congressional staffers, AI companies and interest groups show there are …
AXA’s Capital Buffers Beat Expectations as Q1 Sales Rise
AXA, Europe’s second-biggest insurance company, posted a better-than-expected key capital buffer measure in the first quarter, reassuring investors on its capacity to generate cash as it navigates a higher interest rate environment. The group’s solvency II ratio – a measure …
Armbruster Named Alliant VP for Benefits Group
Alliant Insurance Services, one of the largest U.S. insurance brokerages, has named Gerry Armbruster vice president of its employee benefits group. Armbruster, based in Nashville, was previously an assistant vice president at a health care organization, Alliant said in a …
Florida Jury Finds McDonald’s Liable for Hot McNugget that Burned Girl’s Leg
McDonald’s and a franchise holder are at fault after a hot Chicken McNugget from a Happy Meal fell on a little girl’s leg and caused second-degree burns, a jury in South Florida found in a case reminiscent of the famous …
Texas Mutual Awards $1M in Grants to 10 Colleges
Texas Mutual Insurance Company announced it is awarding $1 million in grants to 10 colleges across Texas to fund workplace safety courses for business owners, employees and the general public. Texas Mutual began its commitment to supporting safety education at …
Posing as Islamists, Russian Hackers Take Aim at Sweden
Since February, a mysterious hacker group calling itself Anonymous Sudan has targeted dozens of Swedish airports, hospitals and banks with distributed denial-of-service attacks, ostensibly in response to the burning of a Koran in front of the Turkish embassy in Stockholm …
EU Weighs Cyber Plan Aimed at Keeping Cloud Data in Europe
The European Union is weighing a plan that would require cloud providers to store all of their data within the bloc in order to qualify for its highest cybersecurity certification. ENISA, the EU’s cybersecurity regulator, is drawing up the new, …
Port Arthur, Texas Refinery to Pay $1.4M Settlement Over Clean Air Act Violation
Texas Attorney General Ken announced a $1.4 million settlement in an environmental enforcement action against a Port Arthur refinery operated by TotalEnergies Petrochemicals & Refining USA, Inc. (“TotalEnergies”). The Port Arthur refinery violated the Texas Clean Air Act while emitting …
Cyclone Mocha Hits Bangladesh, Myanmar, Forcing Mass Evacuations
Cyclone Mocha made landfall on Sunday as Bangladesh and Myanmar evacuated hundreds of thousands of people on fears of widespread destruction to one of the most vulnerable areas in the region. The storm is set to cross the world’s biggest …
London Judge Dismisses Lawsuit Accusing Shell Board of Climate Failures
A London judge dismissed a lawsuit accusing Shell Plc’s board members of failing to manage climate change risks. In a decision published Friday the judge threw ClientEarth’s suit out before a full hearing as there isn’t a clear case against …