Viewpoint: Delay, Deny, Defend for California Wildfire Claims?
Eight months after the Palisades and Eaton wildfires in Los Angeles, commercial and residential policyholders continue to report unreasonably long delays, dubious denials, and conspicuously low settlements. Most prominently, the California FAIR Plan has continued to deny or narrow smoke …
Kansas Woman Sentenced for Insurance Fraud
A Kansas woman has been sentenced to 12 months of probation for insurance fraud. Kenna Robinson, 50, pleaded guilty in the Douglas County District Court to one felony count of insurance fraud. Robinson involved multiple persons reporting false information during …
Private Equity Firm Bain Capital to Buy UK Insurance Intermediary Jensten Group
Bain Capital, the private investment firm, announced it has signed a definitive agreement to acquire Jensten Group, the UK-based commercial insurance distribution platform, from Livingbridge, a UK mid-market private equity investor. The investment is being made by the dedicated insurance …
Uber, Lyft Drop Opposition to California Driver Union Bill
Uber Technologies Inc. and Lyft Inc. agreed to back a state-supervised way for California drivers to unionize and collectively bargain on industry-wide pay and benefit guarantees, under a new legislative deal that provides the companies relief on insurance costs. Legislative …
France and Germany Reject Trump’s Threats on EU Tech Legislation
France and Germany on Friday defended Europe’s right to adopt its own legislation on technology after U.S. President Donald Trump criticized European rules on digital services, saying any U.S. coercion would be met with retaliation. Trump on Monday threatened to …
Katrina’s Legacy: Louisiana Fortifies Itself Against the Next Storm
When Hurricane Katrina made landfall in southern Louisiana 20 years ago, the region was ill-prepared for the 125 mph winds and catastrophic flooding that would follow. Louisiana, like the rest of the United States, was still adopting modern international building …
US Farmers Are Pulling Back on Spending in Threat to Rural Economy
Sunny skies and mild temperatures this week greeted the biggest US farm show of the year. The contrast couldn’t be greater with the sentiment among attendees as low crop prices and trade tariffs squeeze the agricultural sector. The market for …
A Texas Congressman Is Helping Musk Pitch $760M Tunnel Project for Flooding
The devastating flooding in Houston caused by Hurricane Harvey in 2017 killed dozens of people, inundated hundreds of thousands of homes and left the community desperate for a solution. Since then, local flood experts have extensively studied the possibility of …
NOAA Develops Tool to Predict Hourly US Wildfire Hazards
Scientists at National Oceanic and Atmospheric Administration (NOAA)’s Global Systems Laboratory said it has developed an hourly assessment of wildfire potential across the U.S. The Boulder, Colorado-based lab’s Hourly Wildfire Potential (HWP) Index, in development since 2019, provides frequent updates …
The Ghost of Hurricane Katrina Haunts Catastrophe Modelers
When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had failed. …
After Fearsome Dust Storm Rips Phoenix Area, Trees Cleaned up And Power Restored
Crews cleaned up downed trees and got electricity mostly restored for thousands of people this week after a powerful dust storm roared through the Phoenix area. The wall of dust towering hundreds of feet high dwarfed the city’s neighborhoods. Called …
California Jury Awards $2 M to Protester Shot in Face With Nonlethal Projectile
A jury has awarded at least $2.2 million to a protester who was shot in the face with a less-lethal munition by a Los Angeles sheriff’s deputy during a demonstration against police brutality in 2020. In the verdict last week, …
Heavy Rain Causes Flooding, Landslides and Deaths in Vietnam and Thailand
Heavy rain caused flooding and landslides Wednesday in parts of Southeast Asia, where at least eight deaths were reported in the aftermath of a tropical storm. Flooding occurred in several northern and central provinces of Vietnam, where seven people died, …
Kenya’s Britam Seeks More African Expansion After Imminent Congo Entry
Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will mostly focus on acquisitions rather …
Markets/Coverages: Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution …
Canada’s 2023 Wildfires Pushed Air Pollution to Decade-Level Highs
Canada’s record-breaking 2023 wildfire season led to a spike in air pollution in the country and in the US, erasing recent progress in cleaning up the air, according to new analysis. The wildfires, which burned 42 million acres of Canadian …
Climate Change Made Turkey, Greece Wildfires 10 Times More Likely: Scientists
The wildfires that raged across Greece, Turkey and Cyprus this summer were 22% more intense and 10 times more likely than they would have been in a world without climate change, according to scientists. The extremely hot, dry and windy …
Sierra Club Received Sex Harassment Complaint About Then-Chief Earlier This Year
A Sierra Club employee filed a workplace misconduct complaint earlier this year with the board of directors alleging that then-executive director Ben Jealous engaged in sexual harassment and bullying. The employee’s complaint, reviewed by Bloomberg News, alleges Jealous made unwelcome …
AM Best Affirms A+ Financial Strength Rating for Allstate Group Members
Insurance industry rating agency AM Best on Thursday affirmed the financial strength rating of A+ (Superior) for the Allstate Insurance Group. The Oldwick, N.J.-based firm noted Allstate’s “favorable market position in the private passenger auto and homeowners’ markets” as well …
US, Allies Step Up Fight Against North Korean Cyber Activities
The US, Japan and South Korea pledged to intensify efforts to block North Korea’s use of overseas IT workers to raise money for its weapons programs, warning that Pyongyang’s operatives are using increasingly sophisticated tactics to evade detection. North Korean …

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