INSURANCE NEWS
Billions in Hurricane Helene Aid to Farmers to Start Flowing by March 21
ATLANTA (AP) — Tens of billions in aid for victims of Hurricane Helene should start flowing later this month, U.S. Agriculture Secretary Brooke Rollins pledged Wednesday, but delays are already making it hard this year for some farmers to plant …
People Moves: Shipper to Head Beazley N.A. Commercial Property; Porch Group Names New Leadership; Allstate Names Carter as CHRO
Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in Atlanta. Shipper brings close to two decades experience …
Meta Wins Halt to Promotion of Tell-All Book by Ex-Employee It Says Is Defamatory
Meta Platforms on Wednesday won an emergency arbitration ruling to temporarily stop promotion of the tell-all book “Careless People” by a former employee, according to a copy of the ruling published by the social media company. The book by Meta’s …
Four Sailors Involved in Major Singapore Oil Spill Plead Guilty, Straits Times Reports
Four Dutch crew members involved in a ship collision in Singapore have pleaded guilty for their role in the city-state’s worst oil spill in a decade, the Straits Times reported Wednesday. Richard Ouwehand, Martin Hans Sinke, Eric Peijpers, and Merijn …
Carrier Management to Host New Wildfire Conference
Carrier Management, a sister publication of Insurance Journal, will host a free online event spotlighting wildfire risk assessment, prevention and intelligence tools for risk and insurance professionals. The first Wildfire Risk Intelligence Demo Day will be held on Wednesday, March …
China State Firms Curb Russian Oil Imports on Sanctions Risks, Sources Say
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said. Russian oil supplies …
Tech Sector Sees Softer Insurance Market but Less Comprehensive Policies
A softer-than-expected market kept insurance premiums for technology companies down or flat in some lines in 2024, according to a new report from business insurance platform Embroker. Embroker’s 2024 Business Insurance Index: Tech Sector found average errors & omissions/cyber premiums …
Delaware Forest Service Warns of Elevated Wildfire Risk
Delaware officials are reporting that the ongoing drought and current weather conditions have caused an uptick in wildfires in all three counties. Due to an elevated wildfire risk, the Delaware Forest Service is urging all residents to refrain from outdoor …
Europe’s Winter Storms Will Get Worse as Emissions Rise, Study Says
Global carbon emissions are amplifying a North Atlantic wind pattern that drives northern Europe’s biggest winter storms, new research shows. According to projections from scientists at the UK’s Met Office and University of Exeter, in a scenario with very high …
As Chips Race Spews ‘Forever Chemicals,’ Startups Emerge to Destroy Them
The battle for artificial intelligence supremacy hinges on microchips. But the semiconductor sector that produces them has a dirty secret: It’s a major source of chemicals linked to cancer and other health problems. Global chip sales surged more than 19% …
Indonesian Fishermen Sue Tuna Giant Bumble Bee, Alleging Abuse in Supply Chain
Lawyers representing four Indonesian fishermen who say they were beaten and trapped on vessels that were part of the global supply chain that provided tuna to Bumble Bee Seafoods filed a lawsuit Wednesday against the canned seafood giant. It is …
Verisk: Catastrophe Claims in Q4 Double on Late Hurricane Activity
A significant rise in claims from hurricanes rather than winter storms was to blame for a 36% increase in total fourth quarter 2024 claims. A new report from Verisk Analytics found catastrophe claims more than doubled year over year during …