Preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead and sent 10 to hospitals, the company said Friday. U.S. Steel said it developed the information, …
Category: Insurance Journal
No End in Sight to Plastic Pollution Crisis as Treaty Negotiations in Geneva Fail
Negotiations to reach a major treaty to end growing plastic pollution around the world fell apart on Friday [Aug. 15], with delegates in Switzerland adjourning with no immediate plans to resume. The consequence of the failed talks is devastating, as …
Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos
Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, excluding rival …
California’s new take on wildfire loss models, and what this means for property insurers
The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of initiatives to help insurers offer affordable, …
Hurricane Erin Back to Category 4, on Track to Miss US But High Surf and Rip Currents
Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …
Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires
The Texas attorney general is investigating utility Xcel Energy Inc. and its contractor for two wildfires that devastated the state last year, saying the companies may have prioritized environmental and diversity goals over maintenance and safety. “It is unconscionable that …
Carrier Revenue Growth Expected to Outpace Hiring in Next Year
Approximately 81% of insurance companies expect to increase their revenue in the next 12 months, but only about 53% expect to increase their staff in that same period, according to a new insurance labor market outlook study from The Jacobson …
Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says
A September trial for a Tampa woman charged with posing as an insurance agent and keeping thousands of dollars in auto insurance premiums has been postponed until December. Katrenia Lynette Harris, 54, was indicted by a federal grand jury in …
New York City Reports 4th Person Died Has After Legionnaires’ Disease Outbreak
A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The outbreak in …
Trump’s Debanking Order Could Create Uncertainty for Banks, Sources Say
U.S. President Donald Trump’s executive order requiring banks not to discriminate against clients on political or religious grounds could create uncertainty and administrative headaches for the industry, sources said. Trump signed an executive order on Thursday directing the Treasury Department …