INSURANCE NEWS
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS
MOUNT VERNON, Ind. (AP) — The remnants of Hurricane Beryl spawned at least four tornadoes in Indiana, including an EF-3 twister with winds as high as 140 mph (225 kph) that tore through a small city in the state’s southwestern …
SC Supreme Court Urges Legislative Fix to Pre-existing Health Issue in Workers’ Comp
South Carolina lawmakers next year may be asked to revamp a workers’ compensation employment test that judges have relied on for more than 50 years, if the state Supreme Court has its way. The court last week said that a …
Texans Endure Second Week Without Power After Hurricane Beryl
CHANNELVIEW — Juan Piñón’s long-sleeve black shirt and forest green pants were soaked. He used a shovel to scrape concrete mix out of a blue wheelbarrow and throw it on the ground. The 43-year-old construction worker was hard at work …
Growing Southern California Wildfire Threatening 4,100 Structures
Evacuation orders and warnings are in place for roughly 4,200 people due to a growing wildfire in southern California that is threatening 4,100 structures. The Shelly Fire in Siskiyou County is now 15,232 acres and is 3% contained. It is …
Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. A deal may be worth as much as $23 billion, said the person, who asked not to be identified …
Natural Disasters Cost China $13 Billion in January-June
Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half of this year, with almost 33 million people affected, the government said on Friday. Heavy snow, 22 strong earthquakes including …
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data
A hacker who claims to have stolen sensitive call and text logs from AT&T Inc. said they were paid about $400,000 to erase the data trove. An analysis of a Bitcoin wallet address provided by the hacker shows a transaction …
The World’s Power Grids Are Failing as the Planet Warms
Under the blazing Adriatic sun, life almost stopped in Montenegro’s capital Podgorica earlier this summer. Cars and buses were stuck in gridlock as traffic lights went out, the internet crashed, and security alarms blared in reaction to a sudden loss …
Report: Impact of BEC Attacks on US Companies Misunderstood
A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be the top two risk management controls to prevent BEC attacks. …
A Troubling Phrase: ‘Just a Category 1 Hurricane’
Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or even worse: “Tropical storm? Just some wind and rain.” But look at Hurricane Beryl, which hit Texas this week as …
Letters Don’t Seem to Sway Judge: Oxendine Sentenced to 3.5 Years in Prison
ATLANTA (AP) — A federal judge on Friday sentenced former Georgia Insurance Commissioner John Oxendine to serve three-and-a-half years in prison after Oxendine pleaded guilty to conspiracy to commit health care fraud, plus three years supervised release after his sentence …
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance
A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp skepticism from economists and insurance agents who say …