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Typhoon Usagi Hits Philippines, Set to Track Toward Taiwan
Typhoon Usagi struck the northern Philippines on Thursday afternoon, the fifth powerful storm to impact the country in three weeks, with the system set to swing north and move toward Taiwan. Usagi, known locally as Ofel, has maximum sustained winds …
POSTED NOVEMBER 14, 2024 10:02 AM |
Apple Faces UK Class Action Over Data Storage Allegations
Apple Inc. faces a lawsuit from a UK consumer group over allegations its monopoly on data storage breaches competition law, in a fresh class action that could ultimately cost the tech giant billions. The iCloud provider is accused of abusing …
POSTED NOVEMBER 14, 2024 9:29 AM |
People Moves: Everest Insurance Appoints Corbo to Lead US Primary Casualty, Weiser to Lead US Excess Casualty
Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees the risk management and commercial casualty segments. With nearly …
POSTED NOVEMBER 14, 2024 6:16 AM |
What Is the Latest Science on Climate Change?
This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in …
POSTED NOVEMBER 14, 2024 6:15 AM |
Consumer Watchdog Facing Curbs, Scrutiny Following Trump Win
Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S. Consumer Financial Protection Bureau (CFPB), but the president’s populist leanings could leave room for some activity by the watchdog. The CFPB has long been …
POSTED NOVEMBER 14, 2024 6:11 AM |
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising …
POSTED NOVEMBER 14, 2024 6:08 AM |
North Carolina Insurance Agent Charged with Embezzlement
A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and …
POSTED NOVEMBER 14, 2024 6:02 AM |
Florida Commission Accepts Three New Flood Models as Storm Impacts Rise
As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida. The Florida Commission on Hurricane Loss Projection Methodology this month accepted three flood …
POSTED NOVEMBER 14, 2024 6:01 AM |
Amtrak Service Disrupted After Fire Near Tracks in New York City
Amtrak service in parts of the Northeast was disrupted or delayed Tuesday after a fire broke out near a train route in New York City. Amtrak said initial reports indicated a brush fire stemming from a transformer at an Amtrak …
POSTED NOVEMBER 14, 2024 6:00 AM |
Family of Security Guard Shot and Killed at Oregon Hospital Sues Facility for $35M
The family of a security guard who was shot and killed at a hospital in Portland, Oregon, sued the facility for $35 million on Tuesday, accusing it of negligence and failing to respond to the dangers that the gunman posed …
POSTED NOVEMBER 14, 2024 6:00 AM |
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