Fosun’s Fidelidade Explores Sale of New Lisbon Headquarters
Fidelidade, an insurer controlled by Shanghai-based Fosun International Ltd., is weighing the sale and leaseback of a building in Lisbon that it plans to use as its new headquarters. The company will give up its current base near Lisbon’s Chiado …
Hurricane Debby Data Due to Florida OIR Thursday and Friday
The Florida Office of Insurance Regulation said it is reminding property insurers in the state to file Hurricane Debby claims data Thursday and Friday this week. Insurers should use the Simplified 2024 Catastrophe Reporting Form through the Insurance Regulation Filing …
‘We’re Going to Survive and It’s Going to Come Back’: A Year After Maui Wildfire, Survivors Press on
They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation. Residents have faced a year of challenges, practical and emotional, since …
As US Heat Deaths Rise, Some Landlords Oppose Right to Air Conditioning
Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring temperatures in their Brooklyn rental. “The rest of the apartment is …
New Jersey Debates: Protect Against Floods or Retreat From Shore?
New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder …
Why Vermont Keeps Flooding: It’s Complicated But Could Become the Norm
Vermont is flooding. Not just yesterday, two weeks ago and a year before that, but experts say the state could see catastrophic events like these for the foreseeable future. Climate change is fueling stronger, more persistent storms and the state’s …
Musk’s X Accuses Advertisers of Boycotting Platform in New Lawsuit
Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the …
Crest Insurance Group Acquires Provost Associates in Arizona
Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provosts specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties. Crest is an insurance brokerage firm headquartered in Tucson, Arizona, that provides property/casualty and …
Two Construction Firms Ordered to Pay $600K in Wages, Damages to 131 Workers
The Department of Labor said it has obtained a federal court order that requires two New Jersey construction companies and their owners and managers to pay $600,000 in back wages and liquidated damages to 131 former employees after a federal …
Environmental Groups Sue Suncor for Colorado Refinery Pollution
Environmental groups filed a lawsuit against Suncor Energy on Tuesday, alleging that pollution from the company’s Commerce City refinery in Colorado has resulted in long-lasting harm to surrounding communities. The lawsuit was filed by Earthjustice on behalf of GreenLatinos, the …
CarShield to Pay $10M Settlement Over Deceptive Advertising Charges
CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said. Many customers found that repair claims were often not covered despite making …
Charter Bus Carrying Baseball Team Catches Fire in Iowa; No One Hurt
A charter bus caught fire early Friday as it was transporting a professional baseball team from Iowa to a game in a Chicago suburb. Members of the Sioux City Explorers made it off the bus safely, although several lost their …
People Moves: Powers Insurance & Risk Management Adds Gaglioti and Hester; GuideOne Insurance Names Sheets SVP and General Counsel
Powers Insurance & Risk Management Adds Gaglioti and Hester Powers Insurance & Risk Management, headquartered in St. Louis, hired Brittany Gaglioti as a commercial account manager and Contina Hester as a personal lines marketer. Gaglioti oversees all aspects of the …
Tulsa Commission to Study Reparations for 1921 Race Massacre Victims and Descendants
OKLAHOMA CITY (AP) — Tulsa officials announced the creation of a new commission to recommend how reparations can be made for a 1921 massacre that destroyed a thriving Black community in the city. The panel will review a 2023 report …
Push for Flood Mitigation Draws Concerns Over Impact in Mississippi and Louisiana
JACKSON, Miss. (AP) — Flooding left squishy, stinky messes in hundreds of homes in Mississippi’s capital city in 2020 — a recurring problem when heavy rains push the Pearl River over its banks. The U.S. Army Corps of Engineers says …
Texas Carbon Monoxide Poisonings Spike After Hurricane Beryl
Texas lawmakers nearly three years ago promised changes to prevent the devastation from a deadly winter storm from happening again. But the damage caused by Hurricane Beryl last month shows that much remains the same, particularly when it comes to …
Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime
The U.S. Justice Department on Aug. 1 debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct, an effort designed to ratchet up the pressure on companies who face allegations of wrongdoing. The …
Authorities Investigating After Worker Killed at Tampa Airport by Falling Equipment
A worker who was fatally injured at Tampa International Airport last week was struck by a piece of heavy equipment that fell from a track, according to news reports. Authorities said Cesar Hernandez Donu, 29, of Seffner, Florida, was working …
Containment Increased on Massive Wildfire, 640 Structures Destroyed
Firefighters have increased containment on the 627-square-mile Park Fire near Chico, California, which is now 34% contained. The fire, now the fourth largest wildfire in history, is 401,740 acres. It was 24% contained on Friday. It has destroyed 640 structures …
Deputy ID’d in Florida Shooting That Killed One, Injured 2 Other Officers
Authorities have released the name of a Florida sheriff’s deputy killed in what officials called an ambush shooting that wounded two other deputies as they tried to reach him after all responded to a disturbance in a home. Master Deputy …
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