A Repair Estimate Is Not Necessarily a Notice of Bad Faith in Louisiana
A Louisiana property insurer receives a contractor’s estimate for far more than it paid after a hurricane. Sixty days pass. The insured files suit and seeks bad faith penalties. Did the estimate start the cure period under Louisiana’s Act 3? …
BNSF Railway Sued for Firing Employee Because of Their Disability
BNSF Railway Company violated federal law when it fired an employee because of his disability after he requested a reasonable accommodation, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the lawsuit, the employee, who has …
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
The Villages, a 57,000-acre Florida retirement community, is looking to issue almost $180 million in high-yield debt to finance more homes. Built for residents at least 55 years old, the Villages has about 170,000 people, making it the largest community …
Amazon and AEP Explore 960-Megawatt Nuclear Project in Indiana
American Electric Power Co. is working with Amazon.com Inc. to evaluate plans for a 960-megawatt nuclear plant in Indiana using a new reactor design, a project that would rely on unproven technology while potentially advancing efforts to promote next-generation fission. …
Service Member Dies After Rappelling Fall at College Football Game
A military service member has died after he fell hard as he rappelled from the ceiling to midfield before a University of Texas at San Antonio football game where the military was honored. Nellis Air Force Base Public Affairs said …
Fisherman Killed by 12-Foot Alligator at Central Florida Lake
A 71-year-old man fishing on the shore of a Florida lake was killed Friday by a nearly 12-foot alligator, the second fatal attack reported this year. Steven Hamilton of Winter Garden was standing on the shore of Lake Apopka at …
Former Portfolio Manager Sues Fidelity After Leaving for Michael Dell’s Family Office
A former semiconductor fund manager at Fidelity Investment Management has sued its parent company FMR, claiming it refused to pay him a “multimillion-dollar” compensation package after he joined DFO Management, the family office of billionaire Dell Technologies founder Michael Dell. …
TDI Unveils Transparency Tool Showing Why Auto Policies are Declined
The Texas Department of Insurance (TDI) has introduced a tool that gives drivers insight into why personal auto insurance policies in their area were declined, canceled, or not renewed. The page also shows the number of cars with insurance policies …
NTSB Investigating Plane Crash in Wisconsin That Killed 6
Six people, including one child, died Tuesday night in a plane crash in Wisconsin after the pilot reported that ice was building up on the wings as he flew through a thunderstorm, according to authorities. The six-seat, single-engine plane was …
Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
Ohio Attorney General Andy Wilson this week filed separate lawsuits against two home-improvement companies that allegedly took down payments from consumers but failed to provide the services promised or performed subpar work. One lawsuit seeks to help nine consumers who …
Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
Taiwan plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. and other AI hardware makers in the country. The initiative is starting with …
Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
As French Supermarkets Try to Restock, They Are Told Cyberattack May Be Ongoing
France’s cybersecurity authority has warned that a cyberattack targeting supermarkets may still be ongoing as stores restocked Wednesday after the attack sent refrigerator temperatures soaring, raising concerns about the security of vital food supply chains. The agency said Tuesday night …
Travelers Reports Solid Underwriting, Record Investment Income for Q3
Travelers Insurance reported continued solid underwriting and historic investment income for the third quarter along with higher catastrophe losses. “It was another in a run of successful quarters, with very strong underwriting performance across all three segments and a record …
West Virginia Fire Commission Says State Really Needs More Firefighters
Staffing at fire departments is the top issue cited in the newly released Fire Prevention and Control plan by the West Virginia Fire Commission. The plan states that staffing issues plague both paid and volunteer fire departments, leading to dangerous …
Florida Wins Key Ruling Allowing it to Enforce Law on Social Media Use by Kids
The state of Florida won a key court decision this week that allows it to enforce a ban on social media accounts for kids under 14 and other restrictions. The law was one of the most restrictive in the U.S. …
Roller Coaster Death Puts Spotlight on Safety of Ever-More Thrilling Rides
The horrific death of a man who was ejected from a Six Flags roller coaster in Georgia is drawing attention to the safety of amusement park rides that have become increasingly faster and steeper in their quest for the biggest …
Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl
Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian finance. Axa’s management recently discussed the topic …
IMF Chief: AI Risks May Exceed Opportunities Without Safeguards, Ethics Framework
The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, International Monetary Fund (IMF) chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key …
AI Credit Worries Send Default Insurance to Record High
The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of credit stress building in the AI trade, with heavily indebted data center operators like CoreWeave hit hardest. Hotter-than-expected US …
Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 27 de octubre de 2022. El CCRIF SPC ha realizado cuatro pagos por un total de US$15,2 millones a tres de sus gobiernos miembros durante octubre para eventos hidrometeorológicos asociados con la temporada de huracanes de 2022.
Pagos han sido recibidos por los Gobiernos de:Gran Caimán, Islas Caimán, 29 de julio de 2022. El CCRIF SPC se complace en anunciar que sus gobiernos miembros han renovado su cobertura de seguro paramétrico para ciclones tropicales, exceso de lluvia, terremotos, y el sector pesquero para el año de póliza 2022/23, que comenzó el 1o de junio de 2022. Para las pólizas de terremoto, ciclón tropical y exceso de lluvia, los miembros cedieron más de US$1,2 mil millones en cobertura – un aumento del 10% con respecto al año anterior. Trece gobiernos miembros aumentaron su cobertura, en comparación con el año de póliza 2021/22.
Gran Caimán, Islas Caimán, 2 de febrero de 2022. Hoy, el CCRIF y Guardian General Insurance Limited firmaron un memorando de entendimiento para ofrecer a los individuos y organizaciones como cooperativas y organizaciones no gubernamentales (ONG) y sus miembros la capacidad de protegerse contra las pérdidas económicas que resultan del clima extremo asociado con el viento y la lluvia.
Gran Caimán, Islas Caimán, 16 de noviembre de 2021. El CCRIF celebra el éxito de su programa de pasantías de 2021: “Proporcionando a los jóvenes caribeños una experiencia laboral desde cualquier lugar”
