News Archives - Insurance Journal

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2 08, 2024

California Wildfire Now State’s Fourth Largest on Record, Containment Increased

By | August 2nd, 2024|Uncategorized|Comments Off on California Wildfire Now State’s Fourth Largest on Record, Containment Increased

Firefighters have increased containment on the Park Fire near Chico, California, which at 621 square miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has a …

2 08, 2024

Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida

By | August 2nd, 2024|Uncategorized|Comments Off on Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida

The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …

2 08, 2024

Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South

By | August 2nd, 2024|Uncategorized|Comments Off on Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South

Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …

2 08, 2024

Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners

By | August 2nd, 2024|Uncategorized|Comments Off on Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners

Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common stock. The deal …

2 08, 2024

Boar’s Head Hit With Consumer Lawsuit After Deli Meat Recall Over Listeria Concerns

By | August 2nd, 2024|Uncategorized|Comments Off on Boar’s Head Hit With Consumer Lawsuit After Deli Meat Recall Over Listeria Concerns

Boar’s Head Provisions was hit with a proposed consumer class action lawsuit in New York federal court on Thursday, a day after it expanded its recall to more than seven million pounds of deli meats and other products over concerns …

2 08, 2024

Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute

By | August 2nd, 2024|Uncategorized|Comments Off on Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute

Exxon Mobil Corp. and QatarEnergy delayed the start of a $10 billion natural gas export project in Texas to the end of next year after lead contractor Zachry Holdings Inc. declared bankruptcy. The companies agreed other contractors could finish work …

2 08, 2024

Texas Assisted Living Facility Sued for Firing Worker With Sleep Disorder

By | August 2nd, 2024|Uncategorized|Comments Off on Texas Assisted Living Facility Sued for Firing Worker With Sleep Disorder

VibraLife of Katy, LLC, a rehabilitation and assisted living facility in Katy, Texas, violated federal law when it denied an employee an accommodation for her sleep disorder and then fired her, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …

1 08, 2024

PFAS Liability for Water District Remediation Costs Estimated Up to $175B

By | August 1st, 2024|Uncategorized|Comments Off on PFAS Liability for Water District Remediation Costs Estimated Up to $175B

Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting and actuarial firm Milliman Inc. PFAS are often referred to …

1 08, 2024

CBIZ to Acquire Accounting Firm Marcum in $2.3 Billion Deal

By | August 1st, 2024|Uncategorized|Comments Off on CBIZ to Acquire Accounting Firm Marcum in $2.3 Billion Deal

Financial services and insurance provider CBIZ said on Wednesday it would buy Marcum, one of the biggest accounting services providers in the United States, in a $2.3 billion cash-and-stock deal. The accounting market in the U.S. is dominated by the …

1 08, 2024

North Macedonia Seeks EU Assistance as Wildfires Burn Across the Balkans

By | August 1st, 2024|Uncategorized|Comments Off on North Macedonia Seeks EU Assistance as Wildfires Burn Across the Balkans

SKOPJE, North Macedonia (AP) — North Macedonia said it was seeking further assistance from the European Union Tuesday to combat wildfires that continue to burn out of control in heatwave temperatures and have crossed the southern border into Greece. “Unfortunately, …