INSURANCE NEWS
Another Hurricane Cost: Duke Energy Files to Recover $1B in Expenses from Storms
Florida consumers, already fuming in recent years from higher property insurance premiums, repair costs and homeowner association fees, could soon see another burden on their pocketbooks: Duke Energy has filed a plan with the Florida Public Service Commission to recover …
Puerto Rico Power Outage Leaves Almost Entire Island in Dark
Nearly all of Puerto Rico was without power Tuesday after a widespread failure in the fragile electricity grid triggered an island-wide blackout. The outage began at 5:30 a.m., leaving about 1.3 million of Puerto Rico’s 1.4 million customers in the …
Rhode Island Ransomware Attack Update: Some Stolen Data Posted to Dark Web
As Rhode Island state officials feared would happen, hackers responsible for a ransomware attack on a popular state-administered benefits portal have posted some of the stolen information to the dark web. Governor Dan McKee told the public that experts are …
Fund Opposing DEI-Hiring Goals Targets Nike, Kraft and Autodesk
A new investment fund that plans to oppose corporate DEI hiring goals is taking aim at Nike Inc., Kraft Heinz Co. and Autodesk Inc. Azoria Partners’ fund says it will avoid S&P 500 companies with specific diversity, equity and inclusion …
UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal
British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday [Dec. 23], creating the UK’s largest home and motor …
Man Charged With Arson, Insurance Fraud Related to Fire at His Home
A Vermont man has been charged with first degree arson and insurance fraud for allegedly setting fire to his own home in Stamford. The Stamford Fire Department responded to a fire on Mill Road on the morning of December 27. …
Brazil Says Workers at China’s BYD Site Are Victims of Human Trafficking
Chinese workers at a construction site in Brazil for a factory owned by China’s electric vehicle producer BYD are victims of human trafficking, Brazilian labor authorities said on Thursday in a growing controversy in BYD’s biggest overseas market. BYD and …
Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables
Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the anchor of seized tanker Eagle S. Working under water, “we have been able to identify the dragging track at the …
A 9th Telecom Firm Hit by Massive Chinese Espionage Campaign, Says White House
A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top …
Two Florida Tourist Sites Halt Drone Shows After Boy Was Hit at Orlando Event
ORLANDO, Fla. (AP) — A theme park resort and a huge hotel in central Florida either have stopped using drones or canceled their drone-based shows after several drones collided and fell from the sky during a separate holiday celebration in …
Helene’s Flooding: The Human Toll on One Family in Tennessee
ERWIN, Tenn. (AP) — Jerry and Sibrina Barrett never spent a day apart over 35 years. They worked long hours, never took vacations, and liked to relax with their son at home. They had no idea that a hurricane could …
Florida Condo Owners Face Deadline and Higher Costs with New Regulations
MIAMI (AP) — Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have sufficient reserves to cover major …