Monthly Archives: <span>December 2023</span>

At Least 11 Dead, 88 Badly Injured After a Massive Fuel Depot Explosion In Guinea’s Capital

CONAKRY, Guinea (AP) — An explosion and inferno at Guinea’s main fuel depot in the capital of Conakry left at least 11 people dead and more than 80 seriously injured, authorities said Monday, as the West African country awaited help …

Flooding Drives Millions to Move as Climate Migration Patterns Emerge

ST. LOUIS (AP) — Flooding is driving millions of people to move out of their homes, limiting growth in some prospering communities and accelerating the decline of others, according to a new study that details how climate change and flooding …

Judge Blocks Chubb Exit From New York Diocese’s Thousands of Child Sex Abuse Suits

A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse lawsuits. Chubb has balked …

Are Billions in Wind Mitigation the Answer for Florida’s Insurance Problems?

While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane winds and prevent devastating losses for insureds and insurers, a few panelists said at the Florida Chamber’s Insurance Summit last …

Iceland Rocked by Volcanic Eruption as Lava Fountains Gush

A volcanic eruption has begun in the southwest of Iceland, sending fountains of molten lava hundreds of feet up into the sky. At risk are an evacuated fishing town to the south of the site, a power plant and the …

Viewpoint: Tesla’s Product Recall Underlines Importance of Specialty Coverage for Fast Growing EV Market

Tesla’s recent product recall has cast a spotlight on the essential role of specialty insurance coverage in the rapidly evolving automotive industry. With the electric vehicle market’s rapid growth, the risks inherent in such advanced technologies become increasingly apparent, as …

Calif. Appellate Ct. Overturns WCAB Decision to Hear Petition After 60-Day Deadline Passed

A California appellate panel overturned a Workers’ Compensation Appeals Board ruling that “an administrative irregularity” allowed the board to waive the statutory 60-day deadline to act on an appeal from an administrative law judge’s order. The Second Appellate District issued …

Some Companies Alter Diversity Policies After Conservatives’ Lawsuit Threat

At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found. The companies are among 25 that …

Rain, Gusty Winds Bring Weekend Washout to Florida Before System Heads Up East Coast

FORT LAUDERDALE, Fla. (AP) — It’s beginning to look at lot like … hurricane season — at least across much of South Florida, where it’s been windy and rainy for two days and the forecast predicts more of the same …

‘Blockbuster’ Storm Knocks Out Electricity From New York to Virginia

A “blockbuster” storm tearing up the East Coast that has already knocked out power to more than 500,000 customers and grounded hundreds of flights promises to bring flooding rain and dangerous winds through Monday. The heaviest rain will likely fall …