Update: U.S. Flight Departures Resume After FAA Lifts Ground Stop January 11, 2023 By Siddharth Philip, Mary Schlangenstein and Alan Levin US flight departures began resuming early Wednesday after an overnight outage to a key air-traffic system prompted authorities to ground...
Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme January 11, 2023 By Lucca de Paoli and Tasos Vossos Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters,...
Britain’s Satellite Launch Fails, but Virgin Orbit Expected to Try Again January 11, 2023 By Paul Sandle NEWQUAY, England – Britain’s hopes of becoming a prime launch site for small satellites remain intact despite the failure of...
Hackers Hit Websites of Danish Central Bank and 7 Private Banks January 11, 2023 Hackers have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week,...
Ohio Insurtech battleface Launches Platform Supporting Travel Insurance January 11, 2023 Columbus, Ohio-based travel insurance provider battleface announced the launch of Robin Assist, a new tech-driven platform as a service. Built...
5th Circuit Rejects La. Restaurant’s COVID-19 Business-Interruption Claim January 11, 2023 By Ezra Amacher The 5th Circuit Court of Appeals ruled Monday against a New Orleans restaurant’s claim for business interruption losses after the...
ONEOK, Insurers Agree to $930M Settlement Over Natural Gas Plant Explosion January 11, 2023 Tulsa, Oklahoma-based natural gas provider ONEOK, Inc. (NYSE: OKE) announced that it has reached an agreement with its insurers to...
Nathan Houdek Reappointed as Wisconsin Insurance Commissioner January 11, 2023 The Wisconsin Office of the Commissioner of Insurance (OCI) announced appointments to the agency leadership and senior management team. Governor...
Texas Fencing Contractor Fined $20K After 15-Year Old’s Death January 11, 2023 A federal workplace safety investigation into how a 15-year-old worker tragically suffered fatal injuries while installing fencing in Guthrie has...
U.S. Climate Disasters Racked Up $165 Billion in Damage in 2022 January 11, 2023 A massive hurricane, a historic drought, and 16 other major disasters across the US collectively racked up $165 billion in...