Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual survey released on Thursday. The UBS Asset Management …
Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District …
Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund. The Caribbean Catastrophe Risk Insurance Facility, or CCRIF, said it will be paying …
The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but for the first time consider the future risk …
A U.S. auto safety regulator said on Wednesday that three people have been killed and two seriously injured in the last nine months by low-cost faulty replacement air bag inflators. The National Highway Traffic Safety Administration urged used car buyers …
A flood watch was declared for much of Vermont on Wednesday — the anniversary of last summer’s severe flooding — and also Thursday, with heavy rains in the forecast. As Gov. Phil Scott and other officials discussed the recovery from …
The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take over and orchestrated tax incentive legislation to benefit organizations he controlled. …
A blistering California heat wave over the past weeks and through the Fourth of July holiday could be topped off by the hottest temperature ever recorded on Earth. That kind of extreme heat has led to more deaths than wildfires …
California’s attorney general said it reached a $50 million settlement with commodity traders Vitol and SK Energy Americas Inc. after it alleged the firms acted together to manipulate local gasoline markets. It’s the latest instance in which commodity traders have …
