18 09, 2024

Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes

By | September 18th, 2024|Uncategorized|Comments Off on Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes

Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned …

18 09, 2024

Appeals Court Spikes Brett Favre’s Defamation Suit Against Shannon Sharpe

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NEW ORLEANS (AP) — A federal appeals court has refused Monday to revive a defamation lawsuit that former NFL quarterback Brett Favre filed against a fellow Pro Football Hall of Fame member — former tight end Shannon Sharpe. Favre filed …

18 09, 2024

Houston-Area Blaze Caused by SUV Accident, Officials Say

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A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. Preliminary reports indicate …

18 09, 2024

US Sues Ship Owner, Operator Over Baltimore Bridge Collapse

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The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …

18 09, 2024

Wisconsin Food Processor Fined $161K for Exposing Workers to Dangers

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A Wisconsin animal food producer exposed employees to the risks of explosions, fires and long-term respiratory illnesses from excessive amounts of airborne dust, federal workplace inspectors found. The findings follow an inspection by the U.S. Department of Labor’s Occupational Safety …

18 09, 2024

Federal Judge in N.D. Temporarily Blocks Biden Administration Rule on Natural Gas Flaring

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BISMARCK, N.D. (AP) — A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. “At this preliminary stage, the plaintiffs have shown they …

18 09, 2024

AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.

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AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …

18 09, 2024

Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B

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U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …

18 09, 2024

Zywave Names Simoncic New CEO, Kasper CFO

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Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer. Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) solutions company using artificial intelligence. …

18 09, 2024

Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India

By | September 18th, 2024|Uncategorized|Comments Off on Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India

Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. Russian firms provided insurance cover for …