A Clark County, Washington excavating company was fined $140,500 for knowingly putting workers in danger after a Washington Labor & Industries inspector witnessed employees pulling co-workers out of a 12-foot-deep trench where they were installing a new sewer line. According to L&I, they had to pull the workers out by hand because the ladder in […]
Washington Excavator Fined $140K for Workplace Safety Violations Read More »
ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages to a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should instead be held responsible due to their alleged negligence. The insurer maintains the two technology firms are responsible for certain failures that made it possible for
Insurer Says Tech Services Firms Should Pay for Insured’s Ransomware Damages Read More »
The European Union proposed a complete ban on imports of Russian liquefied natural gas from Jan. 1, 2027, as part of its latest measures to curb President Vladimir Putin’s ability to wage Moscow’s war against Ukraine. The EU also proposed a full transaction ban on more Russian banks and financial institutions as well as trade
EU Proposes Full Ban on Russian LNG From 2027, a Year Early Read More »
Tropical Storm Gabrielle formed Wednesday in the Atlantic Ocean but was far from land, forecasters said. The center of Gabrielle re-formed from its morning position and was located about 990 miles (1,600 kilometers) east of the Northern Leeward Islands, the U.S. National Hurricane Center in Miami said. The tropical storm had maximum sustained winds of
Forecasters Give Tropical Storm in Atlantic a Name, Say it Should Strengthen Soon Read More »
A beachfront stilt home along the Outer Banks in North Carolina has collapsed into the surf, bringing the total number of houses claimed by the Atlantic Ocean to 12 in the past five years. The two-story, wood-shingled home in Buxton, at the north end of Hatteras Island, collapsed Tuesday afternoon, littering the sand with nail-studded
12th Home in 5 Years Collapses into Surf on North Carolina Outer Banks Read More »
California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is the state’s bedrock insurance law that outlines what can and can’t be included in rate filings. The intervenor practice is
California’s Insurance Commissioner Is Seeking Changes to The Intervenor Process Read More »
A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentenced to five years in federal prison and a $50,000 fine. “It’s just flat-out theft of taxpayer money,”
Texas Insurance Agent Pleaded Guilty After Stealing Premiums Read More »
Many commercial auto insurers are in a holding pattern, waiting to see how some states’ litigation reforms are enacted and enforced. However, there seems to be some positive signs for buyers. Insurance Journal’s Andrea Wells spoke to Jennifer Nuest, transportation practice leader at Amwins Group, at the Wholesale Specialty & Insurance Association (WSIA) annual conference
[Video] Commercial Auto Insurers Wait on Impact of Litigation Reforms Read More »
Nippon Life Insurance Co. sees its overseas project finance lending climbing 11% to a record high this year due to surging demand to fund AI data centers in the US and elsewhere. The outstanding amount of such loans provided by Japan’s largest life insurer is likely to reach ¥1 trillion ($6.8 billion) for the first
AI Boom Fuels 11% Rise in Top Japan Insurer’s Project Loans Read More »
The Trump administration on Thursday launched an effort to speed development of power plants and transmission lines as artificial intelligence boosts demand, even as it orders fossil fuel plants set to shut for good to keep operating. The Department of Energy, or DOE, is requesting information from stakeholders including utilities and regional transmission managers on
Department of Energy Launches Effort to Speed Power Grid Projects for AI Read More »