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Near Record Jump in CO2 Emissions This Year Risks Climate Goal

Carbon dioxide emissions are on track for one of the biggest increases on record this year, pushing the planet closer to catastrophic climate change. That jump is the result human-induced pollution, plus the El Niño weather pattern, which weakens the …

Markets/Coverages: Hub International Starts Property Practice

Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who recently joined Chicago-based HUB as executive vice president, will serve as North American property practice leader and will lead the …

Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24

Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects both 2024 …

Alera Group Buys Med Mal Insurer CLS Healthcare Liability

Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians, surgeons, hospitals, locum tenens firms, nurse staffing firms and …

Robinhood Settles Massachusetts Regulators’ Trading Case for $7.5 Million

Online brokerage Robinhood on Thursday agreed to pay a $7.5 million fine and overhaul its practices to resolve allegations by Massachusetts’ securities regulators that it encouraged inexperienced investors to place risky trades. Massachusetts Secretary of State Bill Galvin filed an …

Safety Investigators Find No Engine Problems With News Helicopter That Crashed

A television news helicopter that crashed in a southern New Jersey forest last month, killing the pilot and a photographer, had no engine problems that would have prevented normal operation, federal investigators said Wednesday. The National Transportation Safety Board released …

Fishing Trawler That Crashed on Maine Coast to Be Demolished

A fishing trawler that wrecked on rocks off the Maine coast during a powerful storm, requiring a harrowing early-morning rescue, is a total loss and will be removed over the next few days, a salvage business owner said Wednesday. The …

Mother of Child Who Died in TikTok ‘Blackout Challenge’ Asks Court to Revive Lawsuit

A U.S. appeals court on Wednesday wrestled with whether the video-based social media platform TikTok could be sued for causing a 10-year-old girl’s death by promoting a deadly “blackout challenge” that encouraged people to choke themselves. Members of a three-judge …

14 People in Yale Building Hospitalized for Carbon Monoxide Poisoning

Blood tests of a construction worker who collapsed Wednesday outside a building owned by Yale University led emergency crews to uncover potentially lethal levels of carbon monoxide inside. Another 13 people were hospitalized, but the discovery may have prevented a …

Viewpoint: California’s Homeowners Insurance Shift: Population, Inflation, and Admitted Insurer Exits

The excess and surplus lines homeowners’ insurance market in California has undergone significant changes in recent years. The number of policies has changed substantially in over the last decade—first increasing, then declining rapidly. However, new data suggests the market may …

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