Industry News
Thirteen people were killed and dozens injured after an explosion at Qatar’s massive Ras Laffan liquefied natural (LNG) gas complex which occurred as workers were restarting operations halted after an Iranian attack in March. Authorities said a ‘technical accident’ occurred …
Via: Claims Journal
Carlyle Group Inc. is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks. The $475 billion Washington-based firm says the current standard — whereby money managers are reactive rather …
Via: Claims Journal
President Donald Trump last week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor’s time in the White House for a prior increase. In a Monday post on Truth Social, …
Via: Claims Journal
No offense to the members of the media, but the media tends to blow this stuff up. That’s how Jim Williamson, president and chief executive officer of insurer and reinsurer Everest Group Ltd., prefaced his answer to a question about …
Via: Claims Journal
The chairman of the U.S. Federal Energy Regulatory Commission said moves to help AI data centers accelerate hook ups to the country’s electric grids reflect a new and more interventionist approach by the regulator. FERC on Thursday approved a series …
Via: Claims Journal
Eurocommerce, the European retail association whose members include Amazon, H&M, Inditex, and Ikea, is asking EU tech chief Henna Virkkunen to exempt AI-generated advertisements from the bloc’s new regulation requiring disclosure of AI use. The European Union AI Act, which …
Via: Claims Journal
Howden is being sued again, this time by IMA Financial Group. IMA said in a federal lawsuit filed in U.S. District Court in Oregon that its former employer, Alexander Hamilton, allegedly conspired with Howden US to “orchestrate the coordinated resignation …
Via: Claims Journal
The flood insurance gap in the United States is big and it's not getting better.
Via: Claims Journal
The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western …
Via: Claims Journal
Three Amazon.com Inc. workers say the company violated a Seattle ordinance by interrogating them after they testified in favor of regulation of data centers in the city. Darius Irani, Patrick Schloesser and Liesl Wigand, members of an employee group that …
Via: Claims Journal