Vortex Weather Insurance has introduced RainSure, the latest addition in its line of parametric rain insurance products. RainSure differs from Vortex’s existing parametric rain insurance products by offering incremental payouts for every .01 inch of rain up to a .25-inch, …
People Moves: Insurance Women Chapter Forms in Western Massachusetts
Pioneer Valley Launches MAIW Chapter Insurance industry professionals have established a new chapter of the Massachusetts Association of Insurance Women (MAIW) in the Pioneer Valley region in western Massachusetts. The 2025-2026 MAIW – Pioneer Valley Chapter board members include: Director: …
Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity
Georgia’s insurance commissioner announced plans to fine 22 health insurers a total of $20 million for failing to cover mental health treatments as required by law, but he did not name the insurance companies in the announcement. “…Our initial examinations …
Maersk Contains Fire Onboard Vessel off Liberia, Intensifies Firefighting Efforts
Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further. “Over the weekend, the crew’s …
After Player Safety Report and $9M Jury Award, US Tennis Starts Coaching Program
The U.S. Tennis Association announced the start of its first all-encompassing coaching program on Wednesday, a little more than a year after an outside review of the USTA’s safeguarding system offered recommendations for how to better protect players from abuse …
Private Credit: Apollo’s Fox Hedge Is Taking Financial Wizardry to New Level
Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind …
Northern China Flash Flood Kills 10, Xinhua Reports
At least 10 people died in a flash flood in northern China, state media reported on Sunday [Aug. 17], with two others still missing, as the East Asian monsoon continues to unleash atmospheric chaos across the world’s second-largest economy. The …
Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion
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, …
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 …