business interruption insurance News

Companies Count the Costs After Blackout in Spain and Portugal

As factories, stores and hotels across Spain and Portugal gradually returned to normal on Tuesday after a huge blackout the day before, business associations and companies began counting the cost. Spain’s main business lobby CEOE estimated the outage would shave …

Why Restarting a Power Grid After Massive Collapse Is So Hard

It’s a worst case scenario that grid operators plan for but hope never to encounter. After one of the worst blackouts in Europe in more than a decade, electricity grid operators in Spain and Portugal are trying to get networks …

Spain and Portugal Hit With Worst European Blackout in Years

Most of Spain and all of Portugal were hit by a major blackout that impacted public transport, airports and phone service, leaving authorities scrambling to find the causes for one of the worst outages in Europe in years. Data from …

Louisville, Other Parts of Kentucky Brace for More Flooding as Rivers Crest

The Ohio River is expected to crest Tuesday night at historically high levels, exacerbating flooding that has already swamped hundreds of homes, businesses and restaurants in Louisville and other parts of Kentucky. While heavy rains have moved on, rivers continue …

Atlanta Gets a Handle on Broken Water Main That Left Parts of the City Dry

ATLANTA (AP) — For at least some residents, Atlanta’s water problems weren’t over Monday. Milena Franco, who lives in the city’s Midtown neighborhood, said she and her husband had water all weekend. But Monday morning, the flow was cut off, …

FAU Gets Grant to Study Seaweed Harvesting, Just as Blobs Approach South Florida

Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the economic impact on Florida beaches. The FAU Harbor Beach Oceanographic Institute this month announced the …

NC Governor’s Pandemic Rules for Bar Closures Were ‘Illogical’ Court Says

RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper’s orders during the COVID-19 pandemic that directed standalone bars to remain shuttered for safety while restaurants that serve alcohol got to reopen were “illogical” and violated the state constitution, an appeals …

Markets/Coverages: Falvey Launches Commercial Output Insurance

Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s inland marine managing general agency (MGA), the …

Mississippi Businesses, Cities Sue to Protect Dolphins From Louisiana Spillway

JACKSON, Miss. (AP) — Opening a spillway as a flood-control measure in 2019 sent polluted fresh water from the Mississippi River into the Gulf of Mexico and killed bottlenose dolphins that live in saltwater, according to a new lawsuit. Several …

Online Rumors Partly to Blame for Water Pressure Drop in Jackson, Manager Says

JACKSON, Miss. (AP) — Law enforcement agencies are investigating whether social media rumors about a potential water outage prompted people to quickly fill bathtubs with tap water in Mississippi’s capital during a cold snap and cause a drop in pressure …