9 05, 2024

Report: California Workers’ Comp Written Premium Increased 2% in 2023

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Written premium in calendar year 2023 was 2% higher than the prior year, driven by continued economic expansion, but partially offset by continued rate decreases, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California on Wednesday released …

9 05, 2024

Judge Dismisses Suit by Mother Who Claimed School Hid Teen’s Gender Expression

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A federal judge dismissed a lawsuit brought by a Maine woman who accused school officials of encouraging her teen’s gender expression by providing a chest binder and using a new name and pronouns, without consulting parents. U.S. District Judge Jon …

9 05, 2024

Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report

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Safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults, a federal report on the state’s most secure inpatient psychiatric facility has found. The investigation by the Centers for Medicare and Medicaid Services found that staff didn’t always …

9 05, 2024

Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance

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Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance coverage. The decision by Fannie and Freddie to …

9 05, 2024

The World’s Biggest Carbon Removal Plant Comes Online in Iceland

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Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air. …

9 05, 2024

Brazilian Floods Are Inflicting Billions in Economic Devastation

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The floods and severe rainfall that ravaged Southern Brazil are hurting the nation’s powerhouse agricultural sector, with industries from auto manufacturing to banking and insurance also bracing for disruption. Heavy rains in Rio Grande do Sul, Brazil’s southernmost state, left …

9 05, 2024

Range Rover Buyers Offered Insurance Cash After String of Thefts

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Jaguar Land Rover Automotive Plc is offering to pay part of customers’ insurance costs for new Range Rovers after a string of thefts caused premiums to soar and left some unable to get cover. The British carmaker will provide £150 …

9 05, 2024

Jury Awards $9M to Player Who Sued US Tennis Association Over Sexual Abuse by Coach

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A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the U.S. Tennis Association of failing to protect her from a coach she said sexually abused her at one of its …

9 05, 2024

EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows

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The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or “forever chemicals,” to protect key industries, a letter seen by Reuters on Wednesday showed. In the letter to some EU lawmakers in …

9 05, 2024

US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules

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A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal …