Worsening Ocean Heat Waves Are ‘Supercharging’ Hurricane Damage, Study Finds
Marine heat waves are supercharging damage caused by hurricanes and tropical cyclones across the globe, a new study found. Researchers looked at 1,600 tropical cyclones — the broader category of storms that includes hurricanes — that made landfall since 1981 …
Causey Says Recommended Lindberg Restitution ‘Not Enough’ for Harm Caused
The more than $1 billion that a special master has recommended that jailed insurance mogul Greg Lindberg pay in restitution may seem like a huge amount of money. But it falls well short of covering the wreckage left behind by …
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments
RAINELLE, W.Va. (AP) — Every month, Rebecca Michalski takes a deep breath before opening her electric bill. She lives on a fixed income, and heating her small house this winter has been staggering: Her February charge was $940.08 — more …
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process. Allocations to catastrophe bonds and other insurance-linked securities popular among hedge funds and institutional investors rose …
Vineyard Wind Sues to Block GE Vernova From Abandoning Wind Farm
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova rom terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion. Vineyard Wind, a joint …
California Utility Bills Are 20% Higher Due to Wildfires
The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California’s largest utility, according to a government report that calls for a systemic overhaul of how the state responds to conflagrations as …
Five Charged With Murder in Deadly California Fireworks Warehouse Blast
Five people have been charged with murder in a deadly Northern California explosion at an illegal fireworks warehouse that killed seven people and shook a tiny farming community, authorities said Friday. The charges stem from a grand jury indictment related …
Meta Must Face Massachusetts Lawsuit Alleging Social Media Harms Children
Social media giant Meta Platforms must face a lawsuit by the state of Massachusetts alleging that it knowingly designed its Instagram platform to be harmful to children and has misled the public that it is safe. The Massachusetts Supreme Judicial …
Iowa AG Sues Meta Over Alleged Deceptive Practices on Instagram
Iowa Attorney General Brenna Bird announced she has filed a lawsuit against Meta and several of its subsidiaries, including Instagram and Facebook, for breaking Iowa’s consumer protection laws. The Attorney General’s Office alleges Instagram represents itself as being safe for …
Inszone Acquires Oklahoma’s Schuessler
Inszone Insurance Services announced its expansion in Oklahoma through the acquisition of Schuessler Insurance, Inc., a long-standing independent insurance agency based in Alva, Oklahoma. Founded in 1973 by Harvey Schuessler, the agency began as a small operation run from Schuessler’s …
Markel Expands in Australia With Office in Perth
Markel Insurance, the insurance operations within Markel Group Inc., announced the opening of a new office in Perth, Western Australia, with immediate effect. Building on growth from existing Australian offices, Markel is expanding its local presence with the appointments of …
Missouri Fossil Company Owner Accused of Disability Fraud
The owner of a St. Louis, Missouri fossil replica company was indicted and accused of fraudulently seeking disability benefits, the U.S. Attorney’s Office, Eastern District of Missouri announced. Scott A. Taylor, 50, is still on probation from a prior disability …
Elon Musk’s xAI Sues Colorado Over State’s New AI Law
xAI filed a lawsuit on Thursday seeking to block Colorado from enforcing a new law regulating artificial intelligence systems, escalating a fight over whether oversight should be handled by states or by Washington. The lawsuit, filed in U.S. District Court …
Florida AG to Investigate ChatGPT After Gunman May Have Used it Before FSU Shooting
Florida’s attorney general said his office has launched an investigation into the artificial intelligence app ChatGPT and its parent company, after authorities learned that a gunman used the platform repeatedly before a mass shooting last year at Florida State University. …
Recent Auto Recalls From Hyundai, GM, Ford, VW Total Over 1 Million Vehicles
Hyundai to Recall About 294,000 Vehicles Over Seat Belt Anchor Defect Hyundai Motor America is recalling 294,128 vehicles in the U.S. due to a defect that could cause seat belt anchors to detach, the U.S. National Highway Traffic Safety Administration …
Texas Officials Investigating Complaints Against Camp Mystic
Texas health regulators told Camp Mystic’s owners Tuesday they are investigating hundreds of complaints following last year’s devastating floods that killed 27 girls as the state considers whether to allow the all-girls camp to reopen this summer. The Texas Rangers …
DOJ to Settle Texas Predatory Lending Scheme Without Compensating Victims
In December 2023, the U.S. Justice Department sued a Texas land developer it accused of duping tens of thousands of Hispanic residents into predatory mortgages, a landmark case for the Biden administration. Colony Ridge, which sold plots in massive subdivisions …
Prosecutors to Subpoena Tiger Woods’ Rx Drug Records After Florida Arrest
Prosecutors are seeking Tiger Woods ‘ prescription drug records from a pharmacy, a week after his vehicle crashed in Florida and he was arrested on suspicion of driving under the influence. Prosecutors in Florida on Tuesday said they planned to …
Big Tech Puts Financial Heft Behind Next-Gen Nuclear Power as AI Demand Surges
Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centers, inking deals that offer nuclear companies both funding and a clearer path to making money. Several U.S. …
Colorado State Forecasters See Below-Average Hurricane Season
Weather forecasters from Colorado State University said on Thursday the 2026 Atlantic hurricane season was expected to fall below historical averages because of an El Nino formation sending winds across the southern U.S. that could rip apart tropical storms. “While …
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