INSURANCE NEWS
Insured Losses From Canada’s Jasper Wildfire Surpass C$880 Million
This summer’s devastating wildfire in Jasper, Canada resulted in more than C$880 million (US$653.4 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting data provided by Catastrophe Indices and Quantification Inc. (CatIQ). The sudden and intense …
2 Small Planes Crash in Nebraska Less Than An Hour Part; At Least 1 Dead
CROFTON, Neb. (AP) — Two different small planes crashed into fields in northeast Nebraska Monday and killed at least one person. The two crashes happened less than half an hour apart around 9:30 a.m. A Rans S-19 plane crashed first …
UK Tones Down Worker ‘Right to Switch Off’ Demands on Firms
Britain’s Labour government is watering down ambitions to give employees a legal right to ignore work demands outside office hours, favoring softer rules that had limited impact for workers in Ireland. Rather than seeking legislation for the “right to switch …
Japan Issues Emergency Warning as Powerful Typhoon Shanshan Approaches
Japan issued an emergency warning on Wednesday as powerful Typhoon Shanshan approached the southwestern region with heavy rain and strong winds, prompting Toyota Motor 7203.T to suspend operations at all of its domestic factories. Airlines and rail operators also canceled …
Houthi-Hit Oil Tanker in Red Sea Appears to Be Leaking: Pentagon
An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. “Sounion now sits immobilized in the Red Sea, where it is currently on …
Michigan Golf Club Pays $440K Settlement for Alleged Fraudulent Pandemic Loan
RICHLAND, Mich. (AP) — A golf club in southwestern Michigan has agreed to pay $440,000 to settle allegations that it wrongly obtained a loan through a federal program during the COVID-19 pandemic, authorities said Monday. Gull Lake Country Club, near …
Missouri Football Field to Feature Shelter Insurance Logo in New Form of Advertisement
When the nationally ranked University of Missouri Tigers football team takes the field Thursday for its season opener against Murray State, fans will notice something unusual on the field: sponsored logos. A new rule change by the NCAA allows sponsorships …
Delaware Top Court Will Hear Drugmakers’ Appeal to End Zantac Lawsuits
Delaware’s highest court said on Tuesday it will hear an appeal by GSK and other drugmakers seeking to end more than 70,000 lawsuits claiming discontinued heartburn drug Zantac caused cancer. GSK, Pfizer, Sanofi and Boehringer Ingelheim are asking the court …
Wearable Sensors Can Predict Overheating but Is There Privacy Risk?
On a hot summer day in Oak Ridge, Tennessee, dozens of men removed pipes, asbestos and hazardous waste while working to decontaminate a nuclear facility and prepare it for demolition. Dressed in head-to-toe coveralls and fitted with respirators, the crew …
NC High Court Allows Liquidation of Lindberg Insurers; He Owes $524M in Fed Case
Greg Lindberg, the North Carolina insurance and business executive now awaiting sentencing on a bribery conviction, can’t escape a $524 million arbitration and civil judgment against him, a federal appeals court decided this week. Also this week, the state Supreme …
Ban on Switchblades Violates Second Amendment: Massachusetts High Court
A 1957 Massachusetts law banning the possession of certain switchblades violates the federal Second Amendment right to bear arms, the highest court in Massachusetts has ruled. The state court found that switchblades qualify as “arms” under the Second Amendment and …
Extreme Rain Is a Growing Climate Threat to the Northeastern US
As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard — extreme rainfall — is pummeling the country’s Northeast and scientists say it will get worse as the climate changes. That will …