INSURANCE NEWS
Markets/Coverages: HDI Global, Parametric Insurer Descartes Launch EQ Cover in Japan
The Japan branch of Germany-based corporate & specialty insurer HDI Global SE, part of Talanx AG, has received regulatory authorization in Japan to offer parametric earthquake insurance. HDI Global collaborated with Paris-based Descartes Underwriting SA, a leader in corporate parametric …
Wildfire Destroys a Historic Grand Canyon Lodge and Other Structures
A fast-moving wildfire destroyed a historic lodge and dozens of other structures on the Grand Canyon’s North Rim, forcing officials to close access to that area for the season, the park said Sunday. The Grand Canyon Lodge, the only lodging …
Ships Look to Dodge Red Sea Attacks With ‘All-Crew-Muslim’ Messages
Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen’s Houthis after deadly attacks this week by the militia. The Red Sea …
Nursing Homes Struggle With Trump’s Immigration Crackdown
Nursing homes already struggling to recruit staff are now grappling with President Donald Trump’s attack on one of their few reliable sources of workers: immigration. Facilities for older adults and disabled people are reporting the sporadic loss of employees who …
Meta Investors, Zuckerberg Square Off at $8B Trial Over Alleged Privacy Violations
Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to …
Tesla Goes to Trial Over Fatal Autopilot Crash in Florida
Tesla Inc. will stand trial over claims that the company is partly to blame for a fatal 2019 crash in Florida that occurred when the Autopilot system in a Model S allegedly failed to detect a parked SUV. Family members …
Fire at Massachusetts Assisted Living Facility Takes 9 Lives, Injures 30
Nine people have died in a fire at an assisted living facility in Massachusetts, where people were hanging out of windows screaming for help, authorities said Monday. At least 30 people were injured. Firefighters responded to the Gabriel House assisted …
90 Patients Safely Relocated Amid North Carolina Health Facility Fire
About 90 patients at a North Carolina rehabilitation facility that suffered a structure fire have been safely moved and housed in other facilities, first responders in Burke County reported last night. Crews were dispatched shortly before 1 p.m. to the …
4 Eastern Kentucky Communities Receive $14.4 Million for Flood Mitigation
Kentucky Gov. Andy Beshear announced more than $14.4 million to improve water and wastewater infrastructure in four communities across the eastern part of the state that were hit by historic floods in 2022. The cities of Beattyville in Lee County, …
UK Hiring Tumbles by Most in Nearly Two Years, KPMG Survey Shows
Hiring by UK businesses plunged at the fastest pace in nearly two years, according to a survey that suggested that the fallout from a hike in payroll taxes is showing little sign of letting up. Permanent staff appointments fell by …
Air India Crash Points to Cockpit Confusion as Fuel Flow Cut Out
The Air India jetliner that crashed on June 12 was doomed almost immediately upon taking off, after both engines lost fuel supply and the pilots ran out of time to regain control and avert catastrophe. A preliminary 15-page report filed …
Search for Victims Resumes in Texas Floods After Severe Weather Halts Operations
Crews on Monday were expected to resume looking for victims of catastrophic flooding in Texas that killed at least 132 people after more heavy rains temporarily paused their search and rescue operations. Those efforts along the Guadalupe River were halted …