Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise
Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the United States, would be less than $360 million, as insurers face increasing losses from natural catastrophes. Analysts expect up to …
POSTED NOVEMBER 07, 2024 9:30 AM |
Swiss Re Cuts 2024 Profit Target After Raising US Reserves
Swiss Re AG lowered its 2024 net income target after being hit by more claims in its Property and Reinsurance business for previous years than it had budgeted for. The Zurich based reinsurer on Thursday said that, following a review, …
POSTED NOVEMBER 07, 2024 9:05 AM |
About 17% of Gulf of Mexico Oil Production Shut Due to Hurricane Rafael
About 17% of crude oil production and 7% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut …
POSTED NOVEMBER 07, 2024 6:04 AM |
‘Board Certified’ Could Soon be an Advertising Thing for Florida Insurance Lawyers
By this time next year, plaintiffs lawyers, who have frequently been held up as thorns in the side of the Florida property insurance industry for their sometimes-aggressive pursuit of policyholder claims litigation, could have a stamp of credibility to brandish …
POSTED NOVEMBER 07, 2024 6:01 AM |
Massachusetts Voters Allow Uber, Lyft Drivers to Unionize
Massachusetts voters on Tuesday approved a ballot measure that would allow ride-share drivers to unionize, becoming the first U.S. state to allow drivers for app-based companies like Uber and Lyft to do so. With 94% of precincts reporting, 53.9% of …
POSTED NOVEMBER 07, 2024 6:00 AM |
Company Vows to Sue Over Damages After New Mexico Authorities Destroy Cannabis Crops
State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation laws took …
POSTED NOVEMBER 07, 2024 6:00 AM |
Time Dwindling For Flood-Affected Connecticuters to Apply for Assistance
Connecticut Governor Ned Lamont recently reminded homeowners, renters and businessowners in Fairfield, Litchfield and New Haven counties that less than two weeks remain to apply for federal disaster assistance to support recovery for uninsured or underinsured property damage experienced during …
POSTED NOVEMBER 07, 2024 6:00 AM |
Pennsylvania Prohibits Fires on State Lands As Dry Conditions Persist
Earlier this week, the Pennsylvania Department of Conservation and Natural Resources (DCNR) announced that it is prohibiting campfires on state park and forest lands until further notice. The department also encouraged Pennsylvanians to avoid burning on all lands amid extremely …
POSTED NOVEMBER 07, 2024 6:00 AM |
High Winds in Southern California Drive Two Blazes
A wildfire sparked in California’s upscale Malibu beach community on Wednesday was driven by powerful winds sweeping apart the state’s southern region. The Broad Fire in Los Angeles County, which had shut down Pacific Coast Highway between Web Way and …
POSTED NOVEMBER 06, 2024 10:27 PM |
Illinois Contractor Cited for Exposing Workers to Fall Hazards
Federal inspectors have cited 595 Construction LLC – a Crystal Lake, Illinois contractor with a history of exposing employees to fall hazards – for eight safety violations after finding employees framing a residential structure without required protections three times at …
POSTED NOVEMBER 06, 2024 5:04 PM |