The Risky Future Summit starts today! Register now.

News

Hurricane Could Drain Florida Cat Fund’s Reserves. But That May Be OK, Report Says

A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s reserves, potentially forcing it to place a small surcharge on Florida insurance premiums to finance more debt. But that may …

Missouri Trucking Company Sued for Refusing to Hire a Deaf Job Applicant

The U.S. Equal Employment Opportunity Commission (EEOC) sued Missouri- based trucking company Transportation Management Group, doing business as Wilson Logistics, for violating federal law when it refused to hire a deaf job applicant because of his disability. According to the …

Symphony Risk Opens Austin Office, Names Burns President of Specialty Business

Symphony Risk Solutions announced it is opening an office in Austin, Texas to be led by Matt Burns, who was named president of the firm’s growing specialty business. As the leader of Symphony Build, Burns will oversee due diligence, evaluation, …

Officials Cleaning Up Oil Spill in Southern Louisiana Parish

NEW ORLEANS (AP) — A storage tank spilled tens of thousands of gallons of crude oil in a southern Louisiana parish, threatening drinking water and wildlife as officials work to clean it up. The storage tank spilled Saturday morning southwest …

Some Ohio Residents Can Now Get $25,000 for Injuries in 2023 Train Derailment

People who live near East Palestine, Ohio, can now get $25,000 apiece for any injuries they sustained after last year’s Norfolk Southern freight train derailment on top of whatever money they get for property damage as part of the $600 …

Wood Pellet Production Boomed in the South to Meet Demand. It’s Come at a Cost

GLOSTER, Miss. (AP) — This southern Mississippi town’s expansive wood pellet plant was so close to Shelia Mae Dobbins’ home that she sometimes heard company loudspeakers. She says industrial residues coated her truck and she no longer enjoys spending time …

Liberty University, Jerry Falwell Jr. Settle Legal and Personal Disputes

Four years after Jerry Falwell Jr. resigned as the head of Liberty University amid a series of personal scandals, he and the evangelical school founded by his father have announced a settlement of “all outstanding disputes on both legal and …

Appeals Court Tosses Appian’s $2 Billion Verdict Against Pegasystems

Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems’ alleged theft of Appian’s trade secrets. The award from 2022 had been the …

Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business

Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details were not disclosed. As its third Continental European acquisition since 2022, Miller said, the transaction forms part of its continued …

North Macedonia Seeks EU Assistance as Wildfires Burn Across the Balkans

SKOPJE, North Macedonia (AP) — North Macedonia said it was seeking further assistance from the European Union Tuesday to combat wildfires that continue to burn out of control in heatwave temperatures and have crossed the southern border into Greece. “Unfortunately, …

News Archives by Month