INSURANCE NEWS
Progress is Slow for Chimney Rock, NC, Hit Hard by Hurricane Helene
The brightly colored sign along the S-curve mountain road beckons visitors to the Gemstone Mine, the “#1 ATTRACTION IN CHIMNEY ROCK VILLAGE!” But another sign, on the shop’s mud-splattered front door, tells a different story. “We will be closed Thursday …
Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather
Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at 4:15 p.m. Monday, including a …
India Races to Contain Oil Spill From Sunken Container Ship
Indian agencies detected an oil spill from a container ship that capsized off the coast of the southern state of Kerala early Sunday, triggering efforts to contain the environmental damage, the defense ministry said in a statement a day after …
Russian Hackers Target Western Firms Shipping Aid to Ukraine, US Intelligence Says
Hackers working for Russian military intelligence targeted Western technology and logistics companies involved in shipping assistance to Ukraine, the U.S. National Security Agency said. The hackers were trying to obtain details about the type of assistance entering Ukraine and, as …
FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing
PepsiCo Inc. scored a major legal victory Thursday after the three members of the US Federal Trade Commission voted unanimously to dismiss an antitrust lawsuit that was filed at the very end of the Biden Administration. The FTC sued Pepsi …
India Debuts New Weather Model to Help Farming, Flood Planning
The southwest monsoon’s early arrival in India this year is good news for crops, but exactly when, where, and how much rain will fall over the next few months are still difficult questions to answer. To help solve that dilemma, …
Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home
A Norwegian man awoke to find that a cargo ship had run aground and narrowly missed crashing into his home along the Trondheim Fjord’s coast. Johan Helberg told Norwegian broadcaster NRK that he’d slept through the whole thing and only …
Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These new policies follow the launch of BHSI’s proprietary Directors & Officers Liability Insurance in December of 2024. “Launching our …
New York City Employee Killed in Sewage-Boat Explosion on Hudson River
An explosion on a boat carrying raw sewage that was docked on the Hudson River in New York City killed a longtime city employee Saturday, authorities said. Another worker on the city-owned Hunts Point vessel was injured and taken to …
Australia’s East Coast Begins Flood Cleanup as Waters Recede
Australia has drafted in emergency service teams from across the nation to help with clean-up operations after devastating floods in the eastern state of New South Wales. Almost 200 additional personnel will take up specialist roles including water rescue, and …
California And 10 Other States Launch Clean Cars Coalition Following Senate Vote
California is joining an 11-state coalition to advance clean vehicles in response to a vote by the U.S. Senate to revoke California’s authority to set its own clean air standards. The Affordable Clean Cars Coalition was formed to push the …
California Brokerage Executive to Plead Guilty to Illegal Campaign Contributions
An insurance brokerage executive in California plead guilty to breaking federal campaign laws by making contributions illegally to a joint fundraising committee. According to the U.S. Department of Justice’s Central District of California office, Teena Maria Hostovich, 66, of La …