INSURANCE NEWS
Mississippi Capital Area Bracing for More Pearl River Flooding
The rental home that Suzannah Thames owns in Mississippi’s capital city was filled with dirty, snake-infested flood water when the Pearl River overflowed its banks in 2020. On Friday, Thames pointed to a column on the front porch to show …
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to GDP by 2050, according to a report released Monday. This year heavy rains have triggered floods that inundated cities in …
Cyber Insurance Price Hike Hits Local Governments Hard
This story originally appeared on Stateline, an initiative of The Pew Charitable Trusts. Horry County, South Carolina, officials were in for a shock earlier this year, when they discovered their cyber insurance premium would be spiking from $70,000 last year …
New York Detective Wants Supreme Court to Block Vaccine Mandate
A New York City police detective has asked the U.S. Supreme Court to stop the city from firing him and other workers for refusing to get vaccinated against COVID-19. Lawyers for Detective Anthony Marciano asked the court Thursday for an …
Britain’s Beaches Face Growing Problem With Sewage Discharges
Raw sewage has been spilling into seawater in some parts of England and Wales over the past week after heavy rains overwhelmed sewer systems. The contaminated flows triggered new pollution risk warnings and advice against bathing from the Environment Agency …
Deaths From Pakistan Floods Top 1,000 in ‘Climate Catastrophe’
ISLAMABAD (AP) – Deaths from widespread flooding in Pakistan topped 1,000 since mid-June, officials said Sunday, as the country’s climate minister called the deadly monsoon season “a serious climate catastrophe.” Flash flooding from the heavy rains has washed away villages …
Meta’s Facebook Agrees to Settle Cambridge Analytica Suit
Meta Platforms Inc. settled a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica. The preliminary settlement, disclosed in a court filing late Friday, follows the revelation last month that Meta Chief Executive Officer …
3M Bankruptcy Tactic Fails as Combat Earplug Suits Move to Trial
3M Co.’s plan to use controversial bankruptcy rules to shield itself from some 230,000 lawsuits over military earplugs looked like a relatively simple fix to a long-simmering problem that could cost it billions of dollars. Like most things that sound …
USAA Settles Mississippi Class Action Over Underpaid Auto Claims
Another national insurance company has agreed to settle a class-action lawsuit alleging it underpaid hundreds of auto insurance claims. A federal court in Mississippi this month signed off on a confidential settlement in a suit brought by Mississippi drivers against …
California Social Worker Charged with Abusing Mental Hospital Patients
A licensed clinical social worker has been charged with sexually assaulting patients while working at a Southern California psychiatric hospital, prosecutors said. The alleged abuse occurred between 2014 and 2018 at Patton State Hospital east of Los Angeles, the San …
Oil Spill Settlement Reached with California Businesses
A pipeline operator it has reached a settlement with Southern California tourism companies, fishermen and other businesses that sued after a crude oil spill off the coast last year near Huntington Beach. Amplify Energy Corp., which owns the pipeline that …
California Desert Flooding Damaged L.A. to Phoenix Highway
The main highway from Los Angeles to Phoenix was damaged by a flash flood that washed out part of the road through the Southern California desert in the latest bout of punishing monsoonal thunderstorms that have hit the region this …