business interruption insurance News

99-Year-Old Yellow Trucking Company Shutting Down, Headed for Bankruptcy

Nashville-based trucking company Yellow Corp., just shy of its 100th birthday, has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing …

Miami Port Access Reopens After Boat Crashed into Ferry, Killing One

A man was killed early this week and cruise line arrivals were disrupted after a 30-foot boat hit a ferry near Miami, authorities said. Another man was hospitalized in serious condition after the boat hit the Fisher Island Ferry about …

Festival Canceled, Businesses Interrupted as Red Tide, Brown Seaweed Hit Florida

Residents are complaining about burning eyes and breathing problems. Dead fish have washed up. A beachside festival has been canceled, even though it wasn’t scheduled for another month. To add to the misery, a giant stretch of brown seaweed is …

NC Senate Advances Bill to Stiffen Penalties for Attacks on Utility Stations

Nearly three months after attacks on electrical substations caused a dayslong power outage in central North Carolina, a state Senate committee advanced legislation Tuesday that would stiffen penalties for intentionally damaging utility equipment. The bill would create a new statute …

Alabama City Starts $10M Upgrade to Failing Sewer System

Federal and state officials on Friday marked the start of a $10 million project aimed at repairing and upgrading an Alabama community’s failing sewer system that has left residents dealing with pools of raw sewage at their homes. The project …

Administrator Releases Financial Plan for Jackson’s Shaky Water System

The interim manager appointed by the U.S. Department of Justice to reform the troubled water system in Mississippi’s capital city released a new financial plan Friday to change the way Jackson bills for water and to spend hundreds of millions …

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 …

Gunfire Damages Another Electrical Station but No Power Outages

A North Carolina utility said an electricity substation was damaged by gunfire early Tuesday but that it caused no power outages. The damage comes after a gunfire attack on multiple substations in Moore County knocked out power to more than …

The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?

When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers and their revenue disappear overnight. And …

Insurance Commissioner Urges Flexibility After Attacks Knocked Out Power in NC

North Carolina’s insurance commissioner has asked insurers to give policyholders affected by power outages grace periods on paying premiums and filing claims. “This criminal act has had a significant impact on nearly 45,000 residents,” Commissioner Mike Causey said in a …