Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force
Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers from days of intense rainfall. Three days of torrential downpours resulted in as much as 18 inches of rainfall in …
People Moves: QBE Promotes Europe Product Managers for Cyber and Mgmt. Liability/Financial Institutions; Stoop Named Managing Director of DUAL Benelux
This edition of International People Moves details appointments at QBE and Howden’s managing general agency, DUAL Benelux. A summary of these new hires follows here. QBE Promotes Product Mgrs for Cyber and Mgmt. Liability/Financial Institutions QBE European Operations has appointed …
Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases
Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud. Shanell Angelia West, of Essex, was allegedly involved in a theft scheme while working at the Maryland …
NTSB Says Norfolk Southern Threatened Agency During Derailment Probe
The chair of the National Transportation Safety Board said Norfolk Southern threatened the board, sought to manufacture evidence and failed to provide documents during its investigation of a 2023 Ohio derailment. NTSB Chair Jennifer Homendy said in extraordinary remarks the …
Minnesota Dam Risks Failure During Wave of Intense US Weather
A dam holding back swollen flood waters in Minnesota was at risk of failure Monday as intense weather buffeted much of the US. The Blue Earth River has cut around the west side of the Rapidan Dam, local officials warned …
Insurance Costs Contributing to Texas Housing Affordability Crisis
More Texas homeowners and renters than ever are struggling with high housing costs — and the state’s high home prices have potentially put the dream of owning a home out-of-reach for a growing number of families. That’s according to a …
Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis
LITTLE ROCK, Ark. (AP) — Arkansas on Monday sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the lawsuit …
Containment Grows on Wildfire Near Site of Most Destructive Blaze in California History
Residents of a California are near the town of Paradise, the site of the state’s most destructive wildfire in history, were ordered to evacuate and roads were closed this week as a wildfire spread. The Apache Fire in Palermo, which …
Ozempic Maker Novo Plans Another $4.1 Billion US Factory
Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North Carolina, will double the …
Florida Family Files Tort Action Against NASA After Space Debris Damaged Home
A family in Naples, Florida, has filed suit against NASA, contending that debris from the International Space Station damaged their home and mental well-being when it crashed through the roof in March. The claim, filed under provisions of the Federal …
Hackers Grow More Sinister and Brazen in Hunt for Bigger Ransoms
A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree Inc. customers after finding credentials in …
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if specific targets are met after the sale, which …
Grocery Store Chain Settles Suit Alleging Sexual Harassment, Disability Discrimination
Regional grocery chain Weis Markets, Inc. has settled a sexual harassment and disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC) on behalf of an employee, the federal agency announced. The charges included mandating that an employee participate …
Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges
A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers. The Miami Herald and multiple news outlets reported that Hialeah Councilwoman Angelico Pacheco …
South Korea Halts Battery Maker’s Operations as It Probes Deadly Blaze
South Korean authorities ordered a halt on Wednesday to the operations of a manufacturer of lithium batteries after a fire killed 23 people, as they investigate three company officials for suspected safety violations. Monday’s fire at unlisted battery maker Aricell …
Specialist Risk Group Buys UK Specialist Schemes Broker, Strategic Insurance Services
Specialist Risk Group (SRG), the London-based insurance intermediary, has agreed to acquire UK specialist schemes broker, Strategic Insurance Services Ltd. (SISL), subject to regulatory approval. Financial details of the deal were not disclosed. SISL becomes SRG’s first acquisition since it …
European Job Seekers Turn Away From UK After Brexit
Irish workers have been making the short trip over to the UK to find employment for centuries, escaping famine and more recently the aftermath of the financial crisis. But new data suggests that job seekers from across the Irish Sea …
Apple Unfairly Fired UK Worker Who Was Part Toxic Workplace Culture, Judge Says
Apple Inc. unfairly fired an employee for making racist comments that were part of a toxic workplace culture at one of its London stores, according to a UK court ruling. Apple’s investigation, before firing Timothy Jeffries who worked as a …
Eastern Canada Wildfire Forces Evacuation of Hydro Plant Workers
A wildfire in an eastern Canadian province moved closer to a huge power plant on Tuesday, forcing the evacuation of workers from a nearby town, officials said. “So (this is) very concerning,” Newfoundland and Labrador premier Anthony Furey told reporters, …
WHO, Scientists Call for Urgent Action on Dangerous Mpox Strain
The spread of mpox in Africa needs to be addressed urgently, the World Health Organization said on Tuesday, as scientists warned separately of a dangerous strain in the Democratic Republic of Congo. “There is a critical need to address the …
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