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Archive for August 2025

Vermont Capital Plans to Remove Dam and Restore Floodplain

In Montpelier, city officials plan to remove the Pioneer Street Dam and restore a nearby floodplain. Together, the projects are predicted to have compounding positive effects that reduce flood risk in the city. The Pioneer Street Dam — an old … Source: Claims Journal

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The Ghost of Hurricane Katrina Haunts Catastrophe Modelers

When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had failed. … Source: Claims Journal

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JPMorgan to Pay $330M to Malaysia to Settle 1MDB Case

JPMorgan Chase & Co. will pay 1.4 billion ringgit ($330 million) to Malaysia to resolve all existing and potential claims relating to the sovereign wealth fund 1MDB, a move that will end its exposure to one of the biggest financial … Source: Claims Journal

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UN Warns Excessive Heat Is Harming Worker Health, Productivity

As global temperatures continue to rise, the risks to workers’ productivity and health also are worsening, a United Nations study released Friday found. For every degree above 20C (68F), worker productivity drops between 2% and 3%, according to analysis from … Source: Claims Journal

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