An Alabama judge awarded Robert and Mindy Barton $900,000 for actual damages and emotional distress caused by the botched construction of their custom home, but the couple won’t be able to collect that judgment from the homebuilder’s general liability insurer. …
US flight departures began resuming early Wednesday after an overnight outage to a key air-traffic system prompted authorities to ground planes nationwide. The Federal Aviation Administration said normal air traffic operations were gradually returning as it lifted the ground stop …
Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme while interest rates rise. Margins on new issuances of catastrophe bonds covering US wind …
NEWQUAY, England – Britain’s hopes of becoming a prime launch site for small satellites remain intact despite the failure of what would have been the first launch into orbit from western Europe, business minister Grant Shapps said on Tuesday. Hours …
Hackers have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and …
Columbus, Ohio-based travel insurance provider battleface announced the launch of Robin Assist, a new tech-driven platform as a service. Built for insurance carriers, brokers, managing general agents (MGAs) and self-insured enterprise partners, the global Application Programming Interface (API)-driven insurtech platform …
The 5th Circuit Court of Appeals ruled Monday against a New Orleans restaurant’s claim for business interruption losses after the restaurant could not prove direct and sole cause by an accidental contamination of food during the early days of the …
Tulsa, Oklahoma-based natural gas provider ONEOK, Inc. (NYSE: OKE) announced that it has reached an agreement with its insurers to settle all claims for physical damage and business interruption related to an explosion at a natural gas plant in Medford, …
The Wisconsin Office of the Commissioner of Insurance (OCI) announced appointments to the agency leadership and senior management team. Governor Tony Evers has reappointed Nathan Houdek as commissioner of insurance. Commissioner Houdek has served as commissioner since January 2022, and …
A federal workplace safety investigation into how a 15-year-old worker tragically suffered fatal injuries while installing fencing in Guthrie has found the employer failed to follow required workplace safety standards. U.S. Department of Labor Occupational Safety and Health Administration inspectors …
