Jackson’s troubled water system could get a new set of owners under legislation advanced Tuesday by Republican lawmakers in Mississippi. The bill would transfer ownership to a new public entity overseen by a nine-member board, the majority of which would …
A North Carolina utility said an electricity substation was damaged by gunfire early Tuesday but that it caused no power outages. The damage comes after a gunfire attack on multiple substations in Moore County knocked out power to more than …
When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers and their revenue disappear overnight. And …
North Carolina’s insurance commissioner has asked insurers to give policyholders affected by power outages grace periods on paying premiums and filing claims. “This criminal act has had a significant impact on nearly 45,000 residents,” Commissioner Mike Causey said in a …
A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production center of Toyota Motor Corp. The accident in Japan’s manufacturing heartland threatened interruptions at major auto firms and power companies. A …
Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year, creating a faster bounceback than from the global financial …
A New Jersey bill that would allow business interruption insurers in the state to add a rider for virus and pandemic coverage is moving forward, with some in the industry saying it could encourage more insurers to provide this coverage. …
See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during business interruptions. Jay Bregman, co-founder of the …
A bill filed in Texas would require business interruption insurance policies to cover losses from a pandemic. Under SB 249, filed by Sen. Charles Schwertner, business interruption insurance would be required to “cover loss caused by a pandemic, including loss …
CALGARY, Alberta – Restrictions imposed by British Columbia to fight the spread of COVID-19 infections after the holiday break have disrupted work at construction sites of a Rio Tinto hydropower project and BC Hydro’s Site C dam. A total of …
