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Brazilian Floods Are Inflicting Billions in Economic Devastation

The floods and severe rainfall that ravaged Southern Brazil are hurting the nation’s powerhouse agricultural sector, with industries from auto manufacturing to banking and insurance also bracing for disruption. Heavy rains in Rio Grande do Sul, Brazil’s southernmost state, left …

The World’s Biggest Carbon Removal Plant Comes Online in Iceland

Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air. …

Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance

Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance coverage. The decision by Fannie and Freddie to …

Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report

Safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults, a federal report on the state’s most secure inpatient psychiatric facility has found. The investigation by the Centers for Medicare and Medicaid Services found that staff didn’t always …

Judge Dismisses Suit by Mother Who Claimed School Hid Teen’s Gender Expression

A federal judge dismissed a lawsuit brought by a Maine woman who accused school officials of encouraging her teen’s gender expression by providing a chest binder and using a new name and pronouns, without consulting parents. U.S. District Judge Jon …

Report: California Workers’ Comp Written Premium Increased 2% in 2023

Written premium in calendar year 2023 was 2% higher than the prior year, driven by continued economic expansion, but partially offset by continued rate decreases, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California on Wednesday released …

People Moves: Roberts Joins LP Insurance in California; AMERIND Names Sattler CFO

Roberts Joins LP Insurance Services Employee Benefits Brokerage Team Lynn Roberts joined the employee benefits group in the Gold River, California, office of LP Insurance Services LLC. Roberts has over 30 years of industry experience and most recently worked as …

Vendor That Mishandled Pennsylvania Virus Data to Pay $2.7M in Whistleblower Case

A large staffing firm that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the Justice Department and a company whistleblower, federal prosecutors announced Wednesday. …

Nevada Launches Home Insurance Tool to ID Carriers by ZIP

The Nevada Division of Insurance is launching a web-based tool that enables Nevada consumers to identify insurance carriers that are currently accepting home insurance applications by specific ZIP code. The NVDOI said its tool is a recognition that personal home …

COVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case

For the first time, a Colorado appellate court has concluded that COVID-19 can be an occupational disease that is compensable under the state’s Workers’ Compensation Act. The Colorado Court of Appeals ruling came in a case in which Life Care …

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