Microsoft and Delta Trade Blame Over Crowdstrike Outage
Microsoft Corp. said Delta Air Lines Inc. turned down repeated offers for assistance following last month’s catastrophic system outage, echoing claims by CrowdStrike Holdings Inc. in an increasingly contentious conflict between the carrier and its technology partners. Microsoft employees reached …
Airborne Bounce House Kills 1 Child, Injures Another at Baseball Game
One child was killed and another was injured after a wind gust blew a bounce house into the air at a baseball game in Maryland last Friday night, local officials said. Local emergency personnel received a call in Waldorf, Maryland, …
Fidelis Partnership Launches Renewables MGA Called ‘Novagen’
Pine Walk Capital Ltd., the specialist managing general agency platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Novagen, a renewables MGA. Novagen will focus on underwriting the full spectrum of renewable technologies (onshore, offshore, …
China Evergrande Group’s Liquidators Start Legal Action Against PwC
China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property giant. Lawyers of liquidators have started legal actions against PwC and PricewaterhouseCoopers Zhong Tian …
What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes
All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced …
Norway Salmon Farming Industry Grapples With Harsh Climate Effects
Norwegian salmon farmers face challenges from an unusually harsh winter and the El Nino climate phenomenon which led to record fish mortality and concerns over long-term forecasts ahead of a warmer summer. El Nino — a climate pattern raising temperatures …
Time to Retire ‘Hard to Abate’ as Climate Solutions Become More Affordable
Jargon often gets in the way of clearly understanding the climate challenge. While some technical terms such as “net zero” are useful and continue to gain wider acceptance, others aren’t so helpful. Take the phrase “hard to abate.” The simplest …
Fosun’s Fidelidade Explores Sale of New Lisbon Headquarters
Fidelidade, an insurer controlled by Shanghai-based Fosun International Ltd., is weighing the sale and leaseback of a building in Lisbon that it plans to use as its new headquarters. The company will give up its current base near Lisbon’s Chiado …
Hurricane Debby Data Due to Florida OIR Thursday and Friday
The Florida Office of Insurance Regulation said it is reminding property insurers in the state to file Hurricane Debby claims data Thursday and Friday this week. Insurers should use the Simplified 2024 Catastrophe Reporting Form through the Insurance Regulation Filing …
‘We’re Going to Survive and It’s Going to Come Back’: A Year After Maui Wildfire, Survivors Press on
They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation. Residents have faced a year of challenges, practical and emotional, since …
As US Heat Deaths Rise, Some Landlords Oppose Right to Air Conditioning
Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring temperatures in their Brooklyn rental. “The rest of the apartment is …
New Jersey Debates: Protect Against Floods or Retreat From Shore?
New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder …
Why Vermont Keeps Flooding: It’s Complicated But Could Become the Norm
Vermont is flooding. Not just yesterday, two weeks ago and a year before that, but experts say the state could see catastrophic events like these for the foreseeable future. Climate change is fueling stronger, more persistent storms and the state’s …
Musk’s X Accuses Advertisers of Boycotting Platform in New Lawsuit
Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the …
Crest Insurance Group Acquires Provost Associates in Arizona
Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provosts specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties. Crest is an insurance brokerage firm headquartered in Tucson, Arizona, that provides property/casualty and …
Two Construction Firms Ordered to Pay $600K in Wages, Damages to 131 Workers
The Department of Labor said it has obtained a federal court order that requires two New Jersey construction companies and their owners and managers to pay $600,000 in back wages and liquidated damages to 131 former employees after a federal …
Environmental Groups Sue Suncor for Colorado Refinery Pollution
Environmental groups filed a lawsuit against Suncor Energy on Tuesday, alleging that pollution from the company’s Commerce City refinery in Colorado has resulted in long-lasting harm to surrounding communities. The lawsuit was filed by Earthjustice on behalf of GreenLatinos, the …
CarShield to Pay $10M Settlement Over Deceptive Advertising Charges
CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said. Many customers found that repair claims were often not covered despite making …
Charter Bus Carrying Baseball Team Catches Fire in Iowa; No One Hurt
A charter bus caught fire early Friday as it was transporting a professional baseball team from Iowa to a game in a Chicago suburb. Members of the Sioux City Explorers made it off the bus safely, although several lost their …
People Moves: Powers Insurance & Risk Management Adds Gaglioti and Hester; GuideOne Insurance Names Sheets SVP and General Counsel
Powers Insurance & Risk Management Adds Gaglioti and Hester Powers Insurance & Risk Management, headquartered in St. Louis, hired Brittany Gaglioti as a commercial account manager and Contina Hester as a personal lines marketer. Gaglioti oversees all aspects of the …