Uncategorized
Hurricane Idalia Intensifies as It Churns Toward Florida
Hurricane Idalia is gathering force in advance of a landfall on Florida’s west coast, where it could drive a deadly wall of water into the shoreline, snap trees and cause widespread power outages. Idalia’s winds topped 85 miles (137 kilometers) … Source: Claims Journal
Read MoreUber Raises Minimum Age for Most California Drivers to 25 Over Insurance Costs
Uber raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of commercial auto insurance in the state. The new rule … Source: Claims Journal
Read MoreSwiss Re Ordered to Pay Former Underwriter $1.6M for Sexism, Unfair Dismissal
A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for sexual discrimination and unfair dismissal. Julia Sommer joined Zurich-based Swiss Re in 2017 as a political risk underwriter in London … Source: Claims Journal
Read MoreNova Scotia Floods Cost Insurers More Than C$170 Million
An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated to have caused over C$170 million (US$125.5 million) in insured damage, according to initial estimates from Catastrophe Indices and Quantification … Source: Claims Journal
Read MoreDollar Tree Agrees to Improve Safety and Pay $1.35M in Fines: OSHA
Dollar Tree Inc. and subsidiary Family Dollar have entered an agreement with the Occupational Safety and Health Administration (OSHA) to make operational changes within two years. The Department of Labor’s OSHA said it has cited the stores throughout the U.S. … Source: Claims Journal
Read MoreBroken Satellite Risks Big Claim in Shrinking Insurance Market
Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims. The company’s roughly $1 billion ViaSat-3 Americas satellite, central to expanding its fixed-broadband coverage and fending off rivals including Elon … Source: Claims Journal
Read MoreU.S. Seeks Focused, Efficient Global Fund for Climate Disasters
When countries adopt a global fund for climate disaster losses and damages at this year’s U.N. climate conference, the U.S. will be arguing to efficiently limit its use, said U.S. officials giving a first glimpse of how Washington is seeking … Source: Claims Journal
Read MoreBare Electrical Wire and Leaning Poles on Maui Were Possible Cause of Deadly Fires
In the first moments of the Maui fires, when high winds brought down power poles, slapping electrified wires to the dry grass below, there was a reason the flames erupted all at once in long, neat rows — those wires … Source: Claims Journal
Read More3M Settles U.S. Anti-Bribery Law Charges in China Unit, SEC Says
3M Co MMM.N has agreed to pay more than $6.5 million to resolve U.S. charges of Foreign Corrupt Practices Act violations (FCPA) related to a 3M subsidiary in China, the Securities and Exchange Commission said on Friday. The SEC alleged … Source: Claims Journal
Read MoreFlorida Faces Major Hurricane Threat as Idalia Strengthens
Tropical Storm Idalia is set to strengthen as it heads north through the Gulf of Mexico, threatening to strike Florida’s west coast Wednesday as a tree-snapping major hurricane. Idalia’s winds held at 65 miles (105 kilometers) per hour and are … Source: Claims Journal
Read More