INSURANCE NEWS
Deadly Spree in Midtown Manhattan Spawns Evening of Fear in NYC
Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand. Within minutes, at least four people were dead, as …
Hong Kong Shuts Down for Second Time in a Week Due to Heavy Rain
Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. …
India Moves to Shield Power Grids From Solar Equipment Malware
India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into electricity for homes and …
Musk’s Geopolitical Influence Raises Concerns Among Regulators and Lawmakers
During a pivotal push by Ukraine to retake territory from Russia in late September 2022, Elon Musk gave an order that disrupted the counteroffensive and dented Kyiv’s trust in Starlink, the satellite internet service the billionaire provided early in the …
Lack of Proper Insurance Coverage for Data Centers Presents Pitfalls
As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying close attention to policy …
Volunteers Repair Appalachian Trail Damage Almost a Year After Hurricane Helene
UNICOI COUNTY, Tenn. (AP) — In a rugged patch of the Appalachian Trail in eastern Tennessee, volunteers size up a massive, gnarled tree lying on its side. Its tangled web of roots and dark brown soil, known as a root …
PG&E in California Reaches Accidental Release Rule Settlement
Pacific Gas and Electric Company has reached a settlement to resolve a violation of the Clean Air Act and the 2020 Accidental Release Reporting rule. The agreement with the U.S. Environmental Protection Agency and the U.S. Chemical Safety and Hazard …
Panel Passes Bill to Curb Vacation Rentals, Boost Housing Supply After Lahaina Wildfire
Lawmakers on Maui passed legislation aimed at eliminating a large percentage of the Hawaiian island’s vacation rentals to address a housing shortage exacerbated by the wildfire that destroyed most of Lahaina two years ago. It’s the latest action by a …
City’s Insurer to Pay $550K for Police Twice Wrongfully Arresting, Jailing Man
A Rhode Island city’s insurer will pay $550,000 to settle the case of a resident who was twice wrongfully arrested and jailed for a crime he did not commit. The American Civil Liberties Union (ACLU) announced the city of Woonsocket …
Gunman Kills Several People Including Police Officer at Blackstone’s NYC Tower
An armed shooter attacked 345 Park Ave. in Manhattan, the tower housing Blackstone Inc.’s global headquarters and the National Football League among others, killing at least five people, according to a city official. The suspected shooter is dead, three officials …
The Hartford Net Income Up 35% on Premium Growth
Net income at The Hartford increased 35% to $990 million in the second quarter 2025 as personal lines returned to profitability compared to the same period a year ago. Q2 property/casualty written premiums increased 8% compared to Q2 2024. Premiums …
Searing Heat Threatens Grids, Health Over Nearly Half the US
Nearly half the US will wilt under hot, sticky conditions through the bulk of the week as temperatures and humidity soar from Chicago to New York City and New Orleans, boosting power demand and raising health risks. Heat advisories and …