INSURANCE NEWS
New England Patriots to Pay $2.1 Million to Settle App Users’ Privacy Claims
A federal district court judge in Boston has granted preliminary approval to a $2.16 million settlement between the New England Patriots organization and a class of fans who claim their personally identifiable information (PII) was shared without their permission while …
Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise
Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast guard …
Highways Baking at 158F Signal a Red-Hot Summer From China to the US
In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for tourists. Weeks before …
European Utilities Rush to Hedge Against Acute Wind Drought
After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought …
When a Neighborhood Floods, Foreclosures Often Follow
As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Size of Florida’s Slide Insurance Exec Compensation Has Tongues Wagging
When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …
Oregon OSHA Fines Contractor for Repeatedly Violating Excavation Safety Rules
The Oregon Occupational Safety and Health Division fined Hillsboro-based Renner Trucking and Excavating Inc. $80,804 for repeatedly violating rules intended to protect workers from trenches caving in. Oregon OSHA issued a citation to the company on May 12 following an …
Former WV Fire Official Sentenced to 33 Months for Arson, Insurance Fraud
A former West Virginia volunteer fire official who pleaded guilty to fraud after burning down his home and misusing the fire department’s credit card has been sentenced to 33 months in prison. Donald A. Ennis, 44, of St. Albans, also …
ZestyAI Gains Michigan Approval
ZestyAI announced that the Michigan Department of Insurance and Financial Services has approved its severe convective storm suite. The approval comes as Michigan contends with rising weather-related insurance losses. According to NOAA’s National Centers for Environmental Information (NCEI), the state …
Texas House Advances Bill to Allow Homes on Smaller Lots
The Texas House gave a thumbs Wednesday to a bill allowing smaller homes on smaller lots in Texas’ biggest cities, part of a broad push by state lawmakers to put a dent in the state’s high home prices. But the …
Congress Could Unravel Biden’s Climate Law. Here’s What to Watch
The Republican-led House of Representatives has narrowly passed a giant tax and spending bill that would end Inflation Reduction Act subsidies for clean power years early. The proposed changes threaten to unravel a variety of incentives that would result in …
EU to Propose More Flexible Climate Goal, Sources Say
The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe’s environmental aims, EU diplomats told Reuters. The European Union’s climate …