INSURANCE NEWS
Storm Warnings Issued Across Southern Europe – From Italy to Serbia
Thunderstorm alerts are in place for a swath of Europe from the south of France to the Balkans. There are orange warnings for Lombardy, Piedmont, Tuscany and Umbria in Italy, as the summer heat gives way to violent storms. Serbia …
Connecticut Offers $5 Million in Grants to Help Small Businesses With Flood Recovery
Connecticut Gov. Ned Lamont announced that the state is launching a $5 million micro-grant program to assist small businesses in the western portion of the state rebuild and recover from the record rainfall and flooding the state received last week. …
South Korea to Advance EV Battery Certification Scheme After Series of Fires
South Korea’s government and ruling party have agreed to move up an electric vehicle battery certification program, the party said on Sunday, as authorities seek to alleviate public safety concerns after a series of fires involving EVs. The government will …
Police Officer’s Family Sues Girlfriend Accused of His Death and Bars Who Served Her
Karen Read, whose recent high-profile trial for the death of a Boston police officer she was dating ended in a mistrial, is now facing a wrongful death suit brought by the late officer’s family that alleges she created a “false …
Aviation Regulators Press for Global Action to Reduce Injuries From Turbulence
Aviation officials from Asia are making a case for global action to reduce injuries from turbulence, with recent high-profile incidents driving calls to improve forecasting across borders at a Montreal gathering of regulators starting Monday. While turbulence does not frequently …
Telegram CEO Held Over Alleged Failure to Stop Crime on App
Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. The 39-year-old Russian-born billionaire was …
Uber Hit by Record $324 Million Fine for Data Transfers to US
Uber Technologies Inc. was hit by a record €290 million ($324 million) fine by the Dutch privacy watchdog for failing to abide by European protection standards when it shipped swathes of sensitive data about its drivers to the US. The …
Kroger Case Tests FTC Chair’s Bid to Protect Workers
Federal Trade Commission Chair Lina Khan’s initiative to use antitrust laws to protect workers faces a key test starting Monday when the agency will argue the merger between grocery chain Kroger and its rival Albertsons would crush unionized workers’ bargaining …
What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays.
To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …
People Moves: Chaucer Hires Baker From AXA XL to Lead Political Violence Team; EagleView Hires Cooke for Enterprise Growth
Global specialty insurer Chaucer hired Alex Baker as class underwriter within its political violence and crisis management team. Baker will lead the delivery of their growth strategy and portfolio management in the US market. Baker previously worked at AXA XL …
North Carolina Supreme Court Says Speedway Can Sue Over COVID Closure
RALEIGH, N.C. (AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov. Roy Cooper’s administration violated the constitutional rights of its operators by trying …
Wildfire Risk Harms California Home Values, San Francisco Fed Study Finds
California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results suggest …