7 06, 2024

California City Awarded Grant to study Insurance Protections from Sea Level Rise

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A California city has been awarded a grant to study insurance protections from sea level rise. The City of Imperial Beach received an $848,000 grant to develop flooding adaptation strategies to help prepare residents for coastal flooding expected to intensify …

7 06, 2024

Report Shows Increase in Total EV Loss Claims

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A new report shows a jump in total loss frequency for both electric and newer internal combustion engine automobiles. Mitchell this week released its Q1 2024 trends report: Plugged-In: EV Collision Insights. The report shows EV total loss frequency has …

7 06, 2024

Ex-Prosecutor Settles Defamation Suit Against Netflix Over Central Park Five Series

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Former Manhattan prosecutor Linda Fairstein and Netflix announced Tuesday they’ve settled the defamation lawsuit she filed four years ago over her portrayal in the streaming service’s miniseries about the five Black and Latino teenagers known as the now-exonerated Central Park …

7 06, 2024

Environmental Groups Looking to Sue Colorado Refinery for 1K-plus Pollution Violations

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Environmental groups took the first step to sue the owner of an oil refinery near Denver for years of pollution violations, saying that state regulators haven’t done enough to hold the owner accountable. The refinery owned by Suncor Energy sits …

7 06, 2024

Student Pilot’s Solo Cross-Country Flight Crashed In Connecticut Campground

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PLYMOUTH, Conn. (AP) — A student pilot was attempting a solo cross-country flight before crashing into a Connecticut campground, according to a federal aviation report released Tuesday. The 1968, fixed-wing, single-engine Cessna 172 aircraft had “sputtered” and “quit” on Monday, …

7 06, 2024

World Meteorological Organization: 80% Chance Annual Average Global Temps Exceed 1.5°C

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A new study on adoption of behaviors that reduce personal carbon emissions in 37 countries and territories classified as “high-emissions” shows that daily household behaviors are far more common than higher-cost, infrequent behaviors. Lower-cost, daily behaviors to reduce carbon emissions …

6 06, 2024

Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says

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Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained that social attitudes …

6 06, 2024

Safety Dangers From Sanctioned Tanker Fleet Growing, Ship Manager Says

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Safety dangers are growing from aging and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30 tankers last year after they were sold to companies that did not pass compliance checks. Up …

6 06, 2024

Rhode Island Bars Auto Insurers From Hiking Rates on Widows and Widowers

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A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates beginning …

6 06, 2024

People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty

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This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global Markets Chubb announced that David Kirk has been appointed division …