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Northern California Wildfire at 15K-Plus Acres, Containment Grows on Fire in South 19 June 2024

Northern California Wildfire at 15K-Plus Acres, Containment Grows on Fire in South

A wildfire is raging through a large swath of western Sacramento Valley after igniting on Monday and spreading to 15,656 acres. Evacuations were ordered in rural areas around the Sites Fire in Colusa County, which is burning roughly 70 miles …

New Mexico Wildfires Spread to 20,000 Acres, Forcing Thousands to Evacuate 19 June 2024

New Mexico Wildfires Spread to 20,000 Acres, Forcing Thousands to Evacuate

A pair of wildfires in New Mexico have spread to more than 20,000 acres, forcing thousands of people to evacuate and leaving one person dead. The South Fork and Salt fires have grown to more than 20,000 acres (16,335 for …

Tropical Storm Alberto to Bring Flooding to Coastal South Texas 19 June 2024

Tropical Storm Alberto to Bring Flooding to Coastal South Texas

Tropical storm Alberto has caused flooding and more than three feet of storm surge in parts of coastal south Texas but is not expected to strengthen to hurricane force, meteorologists say. Alberto is the first named storm of the 2024 …

Over 1,300 North Dakotans Targeted in Deceptive Insurance Solicitation Scheme 19 June 2024

Over 1,300 North Dakotans Targeted in Deceptive Insurance Solicitation Scheme

North Dakota Insurance Commissioner Jon Godfread has issued a cease-and-desist order against three companies for distributing deceptive materials to North Dakota consumers. The documents sent replicated an Internal Revenue Service (IRS) tax form requesting recipients to provide personal information. The …

People Moves: Ayers Joins Risk Services–Leavitt Insurance Agencies 19 June 2024

People Moves: Ayers Joins Risk Services–Leavitt Insurance Agencies

Kim Ayers joined Risk Services – Leavitt Insurance Agencies, headquartered in Shreveport, Louisiana, as a commercial insurance agent. Ayers has worked in insurance for Leavitt Group since 2016, previously serving as a producer with Leavitt Recreation and Hospitality Services, Inc. …

Federal Appellate Panel Sends Michigan Pipeline Challenge to State Court 19 June 2024

Federal Appellate Panel Sends Michigan Pipeline Challenge to State Court

Michigan Attorney General Dana Nessel’s lawsuit seeking to shut down part of a petroleum pipeline that runs beneath the Straits of Mackinac belongs in state court, a federal appellate panel ruled Monday. The pipeline’s operator, Enbridge Inc., moved the case …

Federal Officials Update Investigation Into July 2023 Louisiana Plant Explosion 19 June 2024

Federal Officials Update Investigation Into July 2023 Louisiana Plant Explosion

The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced an update on its investigation into a July 2023 explosion at the Dow Louisiana Operations’ Glycol II plant in Plaquemine, Louisiana, that resulted in the release of over 31,000 pounds …

Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance 19 June 2024

Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance

Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for US$670 million – marking the largest foreign investment in India’s general insurance market. “The transaction marks the largest foreign investment …

Supreme Court Backs Starbucks Over Fired Pro-Union Workers 19 June 2024

Supreme Court Backs Starbucks Over Fired Pro-Union Workers

The U.S. Supreme Court sided with Starbucks in the coffee chain’s challenge to a judicial order to rehire seven Memphis employees fired as they sought to unionize in a ruling that could make it harder for courts to quickly halt …

Florida Citizens Board Votes to Raise Rates 14% But Litigation Costs Dropping 19 June 2024

Florida Citizens Board Votes to Raise Rates 14% But Litigation Costs Dropping

The board of governors for Florida’s state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14% statewide – near the maximum allowed under the insurer’s glide path – starting next year. The …

Philip Morris Halts Zyn’s Online Sales in US After Subpoena 19 June 2024

Philip Morris Halts Zyn’s Online Sales in US After Subpoena

Philip Morris International Inc. stopped online sales of its popular nicotine pouch brand Zyn in the US after receiving a subpoena in the District of Columbia related to flavored products that are banned there. Philip Morris said its preliminary investigation …

QBE to Non-Renew $500M of North American Mid-Market Biz 19 June 2024

QBE to Non-Renew $500M of North American Mid-Market Biz

QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. Three core businesses remain—Specialty, Crop and Commercial—and the actions on …

Historic US Ship in Philadelphia in Search of New Home After Rent Dispute 19 June 2024

Historic US Ship in Philadelphia in Search of New Home After Rent Dispute

The SS United States, a historic ship that still holds the transatlantic speed record it set more than 70 years ago, must leave its berth on the Delaware River in Philadelphia by Sept. 12, a federal judge says. The decision …

R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed 19 June 2024

R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed

R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q said the proposed sale of 100% of its …

Atlanta Businesses Hit by Water Problems Eligible for $7.5M in Assistance 19 June 2024

Atlanta Businesses Hit by Water Problems Eligible for $7.5M in Assistance

The Atlanta City Council voted to provide up to $7.5 million for small businesses that were affected by water outages due to a water main break near downtown late last month. Georgia Public Broadcasting, the Atlanta Journal-Constitution and other news …

Hackers Demand as Much as $5 Million From Snowflake Clients 19 June 2024

Hackers Demand as Much as $5 Million From Snowflake Clients

Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a campaign that targeted Snowflake Inc. customers, according to a security firm helping with the investigation. The hacking scheme has entered …

13 People Rescued From Syracuse Home That Collapsed 19 June 2024

13 People Rescued From Syracuse Home That Collapsed

First responders believe they have accounted for all 13 people who might have been in a Syracuse two-family home that collapsed yesterday. Syracuse Fire Chief Michael Monds said 11 children and adults were injured and rushed to Upstate University Hospital, …

Shooting of Power Equipment Linked to Power Outage in North Carolina 19 June 2024

Shooting of Power Equipment Linked to Power Outage in North Carolina

RALEIGH, N.C. (AP) — Damage to a utility’s power equipment by gunfire found in Durham was associated with an outage that left hundreds of people without power earlier this week, the company said. About 730 people experienced a power outage …

Officials Approve Large Solar Farm in Mississippi Despite Residents’ Objections 19 June 2024

Officials Approve Large Solar Farm in Mississippi Despite Residents’ Objections

JACKSON, Miss. (AP) — What could become Mississippi’s largest solar energy project was approved by a county board this week over objections from people who live near the proposed site. Hinds County supervisors voted 3-2 in favor of a conditional …

Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says 19 June 2024

Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says

A vessel hit by a sea drone in the Red Sea last week has sunk, the UK Navy said, the second confirmed to go down since Yemen’s Houthi rebels began attacks on shipping in the region. The bulk commodity carrier …

German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis 19 June 2024

German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis

Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis by Russell Group, a data and analytics company. There is a 24-to-48-hour strike by port workers across the five key …

People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe 19 June 2024

People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe

This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows here. Canopius Taps AXA XL’s Houghton as Product Leader, Specialty Canopius, the London-based global specialty and property and casualty re/insurer, …

The Era of Super-Wild Weather Is Already Here 19 June 2024

The Era of Super-Wild Weather Is Already Here

Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing the streets of New Delhi. The first half of 2024 has laid bare the catastrophic extremes that now characterize the …

UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom 19 June 2024

UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom

A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is …

EU Regulators Call for Changes to Landmark ESG Rulebook 19 June 2024

EU Regulators Call for Changes to Landmark ESG Rulebook

Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators charged with enforcing it. In an opinion to the European Commission, regulators for the markets, banking and insurance industries called …

A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles 19 June 2024

A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles

Michael Diaz-Rivera’s experience simultaneously represents the promise and failure of social equity licenses for the cannabis industry. Diaz-Rivera’s conviction in 2006 for marijuana possession made him eligible when Colorado agreed in 2020 to set aside licenses for members of historically …

Take Cover: Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I 19 June 2024

Take Cover: Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I

Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from 2022.. The number of lightning-caused U.S. homeowners insurance claims increased by 13.8% over 2022, with numbers from the top 19 …

Exxon Suit Targeting Activist Group Arjuna Tossed by Judge 19 June 2024

Exxon Suit Targeting Activist Group Arjuna Tossed by Judge

A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …

Uninsured Roofing Firm Owner Sentenced for Attempted Cover-Up of Workplace Death 19 June 2024

Uninsured Roofing Firm Owner Sentenced for Attempted Cover-Up of Workplace Death

The owner of a New York roofing company has been sentenced for attempting to cover up an employee’s on-the-job death. Law enforcement investigators determined that Jeremiah Wiedemann, owner of Wiedemann Sons Roofing, had moved the victim to a different location …

AM Best Revises Outlooks to Stable for Philadelphia Contributionship Group 19 June 2024

AM Best Revises Outlooks to Stable for Philadelphia Contributionship Group

AM Best reports it has has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the members of the Philadelphia Contributionship Group that …