Yearly Archives: <span>2023</span>

Madison Square Garden Ban on ‘Enemy Lawyers’ Prompts Legislation, AG Inquiry

New York City’s Madison Square Garden and other sports venues would be barred from refusing entry to perceived enemies of their owners under a bill introduced to the state Legislature Monday. The proposed legislation comes after the company that owns …

Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability

Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun off a subsidiary that took on its liability from asbestos litigation and then filed bankruptcy to limit lawsuit payouts, according …

Double Whammy of Insurance and Energy Costs to Trigger UK Insolvencies, PwC Warns

More than 30,000 British companies went bust last year, with accountants warning of a “double whammy” to come in April that could trigger another wave of insolvencies. Big businesses were the worst hit, according to a report published Thursday by …

Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks

Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders say will help narrow this …

Anti-Sexual Harassment Organization, Times Up, Shifts Resources to Legal Fund

The Golden Globes carpet typically glitters with crystal-studded gowns in pastel hues, but it looked different in January 2018: The ballgowns were black, and the night’s key accessory was a pin that read “Time’s Up.” Onstage, Oprah Winfrey brought guests …

Bill Would Give State Board Control of Mississippi Capital’s Troubled Water System

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 …

More Alabama Counties Eligible for FEMA Aid after Recent Storms

More Alabama counties are now eligible for federal help after last week’s storms and tornadoes. Emergency Management Agency Director Ernie Baggott said Federal Emergency Management Agency assistance in the designated disaster area will be extended beyond Autauga and Dallas counties …

Kentucky Officials Secure 2nd High-Ground Site for Flood Victim Relocation

State officials have secured another eastern Kentucky site with higher ground to build new homes for flooding victims. The 50-acre site is just a few miles from downtown Hazard, and the first-phase plan includes 150 new homes, Gov. Andy Beshear …

Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year

Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42% of economic losses were covered by public and private insurance entities, which translates into …

Miller Restructures Business Into 2 Divisions to Support UK and International Growth

Miller, the London-based independent specialist re/insurance broker, announced the strategic re-alignment of its business into two divisions, Miller UK and Miller International, as the firm continues to build out its presence both in the UK and internationally. Miller International will …