INSURANCE NEWS
Blaze at South Korea Lithium Battery Plant Kills 22 Workers
A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers, most of them Chinese nationals, fire officials said. The fire and a series of explosions ripped through the factory run …
Dallas Will Feel Like 107 With Heat and Humidity: Weather Watch
Heat advisories are in place across the central and southern US — from South Dakota to Texas. Dallas is forecast to see highs above 98F (36.6C) this week, but the humidity through Tuesday will make it feel closer to 107, …
Ohio Pork Processing Plant Faces 43 Violations for Ammonia Exposure
A Sandusky, Ohio pork processing facility exposed workers to a release of ammonia gas, leading the U.S. Department of Labor to open two inspections and issue 43 violations of federal regulations. Investigators with the department’s Occupational Safety and Health Administration …
Facial Recognition Startup Clearview AI Settles Privacy Suit for $50M
CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth more than $50 million. …
Containment Grows on New Mexico Wildfires, as Rains and Cooler Weather Help
Containment has grown on a pair of New Mexico wildfires that caused that destroyed thousands of structures and forced the evacuation of more than 8,000 people. The Salt and South Fork fires have burned more than 25,000 acres. The South …
FEMA Is Ready for Hurricane and Wildfire Seasons, but Money A Concern
The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned …
Lightning Strikes Near Travelers Golf Championship
Two people were taken to the hospital Saturday after lightning struck a tree near a home along a golf course that is hosting the PGA Tour’s Travelers Championship. The home is just north of the fifth green at TPC River …
Maine Doctor Convicted on Multiple Counts of IIlegally Distributing Opioids
A Maine doctor who runs an addiction treatment center has been convicted on multiple counts of illegally distributing opioids including oxycodone, hydromorphone and fentanyl. Dr. Merideth Norris, 53, of Kennebunk, Maine, was found guilty in federal court Friday of distributing …
Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy
Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy. The W&I policy provided insurance cover on the sale of carbon credits for the reafforestation project of degraded forest lands …
Europe Braces for Heat Following Greek Fires and Swiss Floods
European capitals are bracing for heat wave conditions, following wildfires in Greece and flooding in Switzerland over the weekend. High pressure over southern Scandinavian will bring the highest temperatures this year to the UK, with London and parts of the …
Probe of Russian Hack on London Hospitals May Take Weeks as Worries Grow Over Data Dump
An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of patient …
Catastrophe Bonds Are Luring Retail Investors to High-Risk Debt
There was a time when investing in catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset managers. But after underpinning the best hedge fund strategy of 2023, the bonds are finding a wider audience. Catastrophe-bond funds …