Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Meta Must Face State Lawsuits Over Teen Social Media Addiction October 16, 2024 By Brendan Pierson Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by...
Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son October 16, 2024 By Staff and Wire Reports Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat...
State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians October 16, 2024 By Andrew G. Simpson Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward...
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk October 16, 2024 Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from...
FEMA Workers Change Response Tactics in North Carolina After Threats October 16, 2024 By Gary D. Robertson and Sarah Brumfield RALEIGH, N.C. (AP) — Federal disaster workers paused and then changed some of their hurricane-recovery efforts in North Carolina, including...
City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs October 16, 2024 By John O'Donnell, Elisa Martinuzzi and Andy Bruce Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of...
UK Fears Chinese Hackers Compromised Critical Infrastructure October 16, 2024 By Ellen Milligan, Alex Wickham and Jamie Tarabay Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to...
Lufthansa Agrees to Pay $4M Penalty Over Treatment of Jewish Passengers October 16, 2024 By David Shepardson Lufthansa has agreed to pay a $4 million penalty for allegedly discriminating against Jewish passengers who were trying to board...
Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan October 16, 2024 By Alessandra Migliaccio Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new...