New York’s Equal Rights Amendment Restored to November Ballot
A proposed amendment to New York’s constitution barring discrimination based on “gender identity” and “pregnancy outcomes” was restored to the November election ballot Tuesday by a state appeals court. The court decision clears the way for a statewide referendum this …
Emerald Bay Partners with Lightspeed for California Homeowners Insurance Facility
Emerald Bay Risk Solutions is partnering with Lightspeed Specialty Insurance Solutions to launch an insurance facility in California that delivers coverage for homeowners and landlords. The facility will primarily target owner- or tenant-occupied dwellings across the state, providing property and …
Growing Wildfires in New Mexico Destroyed 1,400 Structures
A pair of wildfires in New Mexico continue to rage uncontained, destroying an estimated 1,400 structures, forcing the evacuation of more than 8,000 people, while rains also flooded parts of the state. The Salt and South Fork fires have burned …
Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit
A Chicago health care company and its former owners will pay nearly $2 million to the United States and the States of Illinois and Indiana to resolve a civil lawsuit arising from the submission of false claims to Medicare and …
Texas Electricity Demand Could Nearly Double in Six Years – ERCOT
The state’s main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years. If it’s accurate, the state would need to be able to provide nearly double the amount of power within …
Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures
TOLEDO, Ohio (AP) — Stifling heat blanketed tens of millions across United States on Tuesday, forcing people and even zoo animals to find ways to cool down as summer arrives in what promises to be a sweltering week. Extreme heat …
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey
A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary of Arthur J. …
Golden Pass LNG Warns of Delays After Contractor’s Bankruptcy
The developers of the Golden Pass LNG export facility that’s under construction in Texas warned of additional costs and delays due to the bankruptcy of contractor Zachry Industrial Inc. “Construction of a project of this magnitude, capable of employing nearly …
Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits
A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and …
Missing Student in Nashville Died of Intoxication and Drowning, Autopsy Shows
NASHVILLE, Tenn. (AP) — Riley Strain, a University of Missouri student whose body was recovered from a river after going missing in Tennessee’s capital for nearly two weeks, died from accidental drowning and intoxication, according to a newly released autopsy …
Alabama Insurance Producer Pleads to Threatening Prosecutor in Trump Case
ATLANTA (AP) — An Alabama insurance producer pleaded guilty Tuesday to leaving threatening phone messages for Fulton County District Attorney Fani Willis and the county sheriff last summer because he was angry over the election-interference investigation into former President Donald …
Massachusetts 911 System Restored After Outage Caused by Firewall, Not Cyber Attack
The 911 system across Massachusetts was restored Tuesday after going down for several hours, which made it impossible for anyone to reach emergency services through the call number. The Massachusetts State Police announced around 3:45 p.m. that the system had …
Allstate Reports May Pretax Catastrophe Losses of $1.4B
Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses for May, with 70% attributable to five wind and hail events mostly …
Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk
Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion) to €3.6 billion (US$3.9 billion), according to Verisk, the data analytics and technology firm. Moody’s RMS recently estimated insured losses …
Drone-Sinking of Coal Ship Boosts Red Sea Perils, Drives Surge in Insurance Costs
The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the …
Number of Companies Setting Climate Transition Plans Jumps 44% in 2023: Research
The number of companies saying they have a climate transition plan in line with the world’s most ambitious goal has jumped by nearly half, but many do not give investors enough information to check the claims, according to non-profit data …
Tropical Storm Alberto Strengthens as System Approaches Mexico
Tropical Storm Alberto is strengthening as the system neared the Gulf coast of Mexico, and is expected to dump heavy rain across the northeast of the country and into southern Texas. The center of Alberto is expected to reach the …
Singapore Highlights Banks as Posing Highest Money Laundering Risk
Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a money laundering risk assessment report published on Thursday. Banks had higher exposure to money laundering threats and could be more …
Shipping Industry Urges Red Sea Action as Houthis Sink Second Vessel
Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on Wednesday, after the sinking of a second ship. Iran-aligned Houthi militants first launched drone and missile strikes …
City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment
Hundreds of UK banks, brokers and insurers missed a deadline to respond to the financial watchdog’s survey on sexual harassment and bullying in the City, suggesting that firms are struggling to grasp the scale of the problem. In February, the …
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