A climate nonprofit plans to revive a key federal database tracking billion-dollar weather and climate disasters that the Trump Administration stopped updating in May, Bloomberg reported. The database captures the financial toll of increasingly intense weather events and was used by insurers and others to understand, model, and predict weather perils across the United States….
Month: August 2025
Auto Premium Growth Slows As Policyholders Shop Around, Study Says
Improved loss ratios, strong premium growth, and lower retention rates characterized the U.S. auto insurance industry in 2024, according to LexisNexis® Risk Solutions’ 2025 U.S Auto Insurance Trends Report. The report shows that, “while a number of insurers returned to profitability as the market softened,” the market was characterized by “record levels of policy shopping and…
Helicopter Crash Kills 2 Workers Repairing Powerlines Near Mississippi River
Two people working on powerlines near the Mississippi River died Thursday when their helicopter hit the lines, crashed into a barge and sparked a fire that belched plumes of black smoke, officials said. The helicopter crew was near East Alton, …
Louisiana to Pay $9M Settlement to Man Partially Paralyzed by State Trooper
Louisiana authorities have agreed to pay $9 million to a man who was partially paralyzed from the waist down after a trooper shot him in the back during a 2018 traffic stop in Baton Rouge and then falsely reported it …
Storms in Nebraska Kill 1, Displace Hundreds of Inmates
Strong storms before dawn Saturday in eastern Nebraska killed one person and seriously injured another in a state park and displaced hundreds of inmates after two prison housing units were damaged, officials said, even as other Midwest states also braced …
Toxic Shale Drilling Wastewater Threatens Top Oil Fields, Texas Agency Warns
A Texas agency overseeing 13 million acres of state land is warning that toxic waste fluid from shale drilling threatens to contaminate oil wells in North America’s most prolific crude basin. The General Land Office of Texas, which was founded …
Fires, Storms and Blazing Heat Forecast for Western US
Fires, storms and the potential for near-record high temperatures across the western US are in the offing for the coming week. The Gifford Fire, about 125 miles (201 kilometers) northwest of Los Angeles, had burned 114,621 acres and was 21% …
Jellyfish Shut French Nuclear Reactors as Heat Wave Builds
Electricite de France SA was forced to shut four atomic reactors after a swarm of jellyfish clogged up filter drums at its Gravelines power plant. The “massive and unforeseen” presence of jellyfish in the filter drums of pumping stations closed …
Markets/Coverages: Hiscox Launches Sexual Molestation Liability Cover
Global specialist insurer, Hiscox, has announced the appointment of Harriet Turner to its London Market business to lead its new sexual molestation liability (SML) cover – expanding its existing range of casualty products. Hiscox’s launch of SML cover is designed …
People Moves: Lancashire Announces Senior Leadership Promotions, Including CEOs of Insurance Units; CFC Taps Ascot’s Keeler as Head of Digital Underwriting
This edition of International People Moves details appointments at Lancashire Holdings and CFC Underwriting. A summary of these new hires follows here. Lancashire Announces Leadership Promotions, Including CEOs of Insurance Units Lancashire Syndicates Ltd. and Lancashire Insurance Company Ltd., the …