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Czech Utility CEZ Manages to Find Insurance After 2 Providers Exit from Coal Coverages

PRAGUE — Czech utility CEZ said on Friday [June 18] it had found alternative insurance for its coal-fired power plants after two providers said they would stop covering them from next year as part of an industry drive to drop …

Man in Prison for Maryland Arsons Linked to Delaware Fires

A man serving time for Maryland arsons is accused of starting fires in two Delaware beach towns last year. The Delaware Office of the State Fire Marshal announced Thursday that it has obtained warrants for Richard Lodeski of Wilmington for …

Vermont Hospital Still Calculating Cost of Ransomware Attack

Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October that knocked out computers affecting three hospitals in Vermont and three in New York. Scheduling and patient medical records were …

Tropical Depression Claudette Triggers Flash Flooding in South

Jun 20 2021— Forecasters warned of life-threatening flash flooding in parts of the Deep South, particularly across central Alabama, as Tropical Depression Claudette traveled over coastal states early Sunday. Heavy rain led to high water late Saturday into early Sunday …

Connecticut Casinos Sue Insurer Over COVID-19 Losses

The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The Day in New London …

CEO Views: Successes and Failures in Dealing with Pandemic Challenges

As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …

8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker

Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and bolstering the market’s balance sheet. The £650 million protection, …

Owners of Ship that Blocked Suez Make New Compensation Offer with Canal Authority

ISMAILIA, Egypt – The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two …

Citgo to Pay Additional $19.7M for Damage from Louisiana Refinery Spill

Citgo Petroleum Corp. of Houston has agreed to pay $19.7 million for environmental damage from a 2006 spill at a Louisiana refinery, the U.S. Department of Justice said. The agreement settles both state and federal environmental claims from the 2.2-million-gallon …

Nebraska to Offer Additional Payments for 2019 Flood Recovery

Nebraska will pay out public assistance beyond what it normally offers to local governments hit by the 2019 floods, a state agency announced. The Nebraska Emergency Management Agency said Gov. Pete Ricketts has approved the payments for the state’s share …

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