INSURANCE NEWS

Conflicting Federal Policies May Cost Residents Near Dams More on Flood Insurance

Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and worksites, according to an Associated Press review of …
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Overweight Dump Truck Left Hole in Covered Bridge When It Crashed Into River

The driver of a dump truck learned the hard way that it’s best not to tempt fate on a covered bridge originally built before the Civil War. The loaded vehicle crashed into the Presumpscot River on Friday afternoon, leaving a …
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Union Rep Says WV Governor Still Late on Greenbrier Bills

CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice’s family is millions of dollars behind on payments to employees’ health insurance fund at their financially beleaguered hotel, putting workers’ coverage at risk despite the U.S. Senate candidate’s claims otherwise, a …
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Fires Burn on Houthi-Hit Oil Tanker but No Spill Yet, EU Says

Fires were burning around the oil tanks of a ship that was attacked by Houthi militants in the Red Sea, but there were no signs of a spill so far, the European Union naval force in the region said. Flames …
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Australians Can Now Legally Ignore Work Calls, Emails After Hours

Australians can now legally ignore unreasonable after-hours work calls and emails under new government legislation that came into effect on Monday, drawing criticism from business groups. Under the laws, employers face fines of up to A$93,000 ($63,000) for getting in …
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Captain of Sunken Superyacht Placed Under Investigation, Source Says

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, a judicial source said on Monday. James Cutfield, a 51-year-old …
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Australian Homeowners Struggling to Afford Insurance as Climate Risks Grow: Report

Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said on Monday. As of March 2024, 15% …
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Stora Suspends Forest Harvesting After Thousands of Mussels Die

Finnish forestry company Stora Enso Oyj suspended some harvesting activities after thousands of endangered freshwater pearl mussels died at one of its sites. Harvesting was stopped in all areas across Finland where there are restrictions under the Water Act, the …
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Typhoon Shanshan Headed for Japan Threatens Transport Links

Typhoon Shanshan is expected to approach Japan’s southern island of Kyushu on Tuesday or Wednesday, with railway operators warning of service disruptions and an airline canceling flights. The storm is packing maximum sustained winds near its center of 65 knots …
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Amazon Must Face D.C.’s Antitrust Lawsuit, Appeals Court Rules

An appeals court in Washington, D.C. revived the district’s lawsuit against Amazon.com Inc on Thursday, saying it plausibly claimed the online retailer’s pricing policies illegally stifle competition. The District of Columbia Court of Appeals reversed a ruling that had dismissed …
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Former Citigroup Exec Suing Bank Was Fired for Performance, Company Says

Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to give regulators false information. On Thursday, the bank responded to a lawsuit filed …
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Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash

Microsoft Corp. is planning a meeting next month with cybersecurity companies that operate at the core of its Windows systems to discuss ways in which they can keep last month’s worldwide computer crash from happening again. Cyber companies — including …
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