Meta Must Face State Lawsuits Over Teen Social Media Addiction
Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by making its Facebook and Instagram platforms addictive, a federal judge in California ruled on Tuesday. Oakland-based U.S. District Judge Yvonne …
Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son
Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat crash involving Alex Murdaugh’s youngest son, essentially ending the family’s legal actions in the tragedy. Progressive, which insured the boat …
State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians
Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after Steward exits the state, officials …
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range includes privately insured losses to onshore property …
FEMA Workers Change Response Tactics in North Carolina After Threats
RALEIGH, N.C. (AP) — Federal disaster workers paused and then changed some of their hurricane-recovery efforts in North Carolina, including abandoning door-to-door visits, after receiving threats that they could be targeted by a militia, officials said, as the government response …
City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs
Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates. Michael Mainelli said Dublin had gained most, attracting …
UK Fears Chinese Hackers Compromised Critical Infrastructure
Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly sophisticated cyberattacks by foreign powers. Senior ministers in the Labour government have …
Lufthansa Agrees to Pay $4M Penalty Over Treatment of Jewish Passengers
Lufthansa has agreed to pay a $4 million penalty for allegedly discriminating against Jewish passengers who were trying to board a connecting flight in Frankfurt in May 2022, the U.S. Transportation Department said on Tuesday. Lufthansa prohibited 128 Jewish passengers, …
Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan
Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. Most of the amount will be raised by postponing tax deductions …
Explaining Deductibles After Multiple Florida Hurricanes
Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not …
The ‘Waffle House Index’ Helps Residents, FEMA Gauge a Storm’s Severity
Golden hashbrowns, gravy-smothered biscuits and crispy waffles with a hearty helping of maple syrup are among the classic Southern comfort foods. But when hurricanes tear through Southeastern towns, the hot meals and bold yellow signs of the local Waffle House …
Far From Milton’s Eye, Tornadoes Wrought Unexpected Damage
WELLINGTON, Fla. (AP) — Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn’t worried about Hurricane Milton. The storm’s center was forecast to make landfall on the opposite side …
Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies
Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly 2021 heat- dome event. The lawsuit, filed last year, …
Average Weekly Wage Increase Bumps California Workers’ Comp Benefits for 2025
California’s State Average Weekly Wage rose nearly 3.8% in the year ending March 31, resulting in an increase in California workers’ compensation temporary total disability and permanent total disability rates for 2025 work injury claims and other workers’ comp benefits …
Google Endorses Bill to Reveal Funders Backing Lawsuits
Google is endorsing a bill that would require people filing lawsuits to disclose who will be paying for – and profiting from – the litigation. The bill, introduced last week by California Republican Representative Darrell Issa, would require plaintiffs to …
Jury Says J&J Must Pay $15 Million to Man Who Claims Talc Caused His Cancer
Johnson & Johnson must pay $15 million to a Connecticut man who alleges that he developed mesothelioma, a rare form of cancer, as a result of using the company’s talc powder for decades, a jury found on Tuesday. Plaintiff Evan …
Washington’s Landmark Climate Law Hangs in The Balance This Election
A groundbreaking law that forces companies in Washington state to reduce their carbon emissions while raising billions of dollars for climate programs could be repealed by voters this fall, less than two years after it took effect. The Climate Commitment …
Former Triple-I Exec Says He Was Fired After Testifying in Bullying Case Against CEO
A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of discrimination and retaliation. Michael Barry, who worked at Triple-I for more than 17 years and was a senior vice president, …
AM Best Revises Outlook to Positive for Kansas’ Upland Mutual
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Upland Mutual Insurance, Inc. (Upland) (Junction City, KS). The Credit Ratings …
Investigation Underway After Small Plane Crashes in Savannah Neighborhood
SAVANNAH, Ga. (AP) — Authorities were investigating Tuesday after one person died as a result of a small plane crash Sunday night in a Savannah, Georgia, residential neighborhood, local police said. The Savannah Police Department said in a brief statement …
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Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 27 de octubre de 2022. El CCRIF SPC ha realizado cuatro pagos por un total de US$15,2 millones a tres de sus gobiernos miembros durante octubre para eventos hidrometeorológicos asociados con la temporada de huracanes de 2022.
Pagos han sido recibidos por los Gobiernos de:Gran Caimán, Islas Caimán, 29 de julio de 2022. El CCRIF SPC se complace en anunciar que sus gobiernos miembros han renovado su cobertura de seguro paramétrico para ciclones tropicales, exceso de lluvia, terremotos, y el sector pesquero para el año de póliza 2022/23, que comenzó el 1o de junio de 2022. Para las pólizas de terremoto, ciclón tropical y exceso de lluvia, los miembros cedieron más de US$1,2 mil millones en cobertura – un aumento del 10% con respecto al año anterior. Trece gobiernos miembros aumentaron su cobertura, en comparación con el año de póliza 2021/22.
Gran Caimán, Islas Caimán, 2 de febrero de 2022. Hoy, el CCRIF y Guardian General Insurance Limited firmaron un memorando de entendimiento para ofrecer a los individuos y organizaciones como cooperativas y organizaciones no gubernamentales (ONG) y sus miembros la capacidad de protegerse contra las pérdidas económicas que resultan del clima extremo asociado con el viento y la lluvia.
Gran Caimán, Islas Caimán, 16 de noviembre de 2021. El CCRIF celebra el éxito de su programa de pasantías de 2021: “Proporcionando a los jóvenes caribeños una experiencia laboral desde cualquier lugar”
