property insurance News

A Potential Atlantic Hurricane Is About to Clash With a Cloud of Saharan Dust

A cluster of thunderstorms is threatening to become the Atlantic’s next tropical storm or hurricane — if it can survive a cloud of dust from the Sahara. The storms southwest of the Cape Verde islands have a 70% chance of …

Pennsylvania Lawmakers Advance Bill to Create Landslide Insurance Program

A bill to create a state landslide insurance program for homeowners in Pennsylvania has been advanced by a House committee. The House Environmental Resources and Energy Committee voted 20-5 to move the bill to the full chamber. The measure would …

Report: Over 1,000 Properties Affected by New Mexico Wildfires to Cost $370M

More than 1,000 residential properties in New Mexico may have been damaged or destroyed by wildfires in New Mexico, according to property data firm CoreLogic. “Multiple, active wildfires in south-central New Mexico potentially impacted approximately 1,300 residential properties with a …

Ozempic Maker Novo Plans Another $4.1 Billion US Factory

Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North Carolina, will double the …

South Korea Halts Battery Maker’s Operations as It Probes Deadly Blaze

South Korean authorities ordered a halt on Wednesday to the operations of a manufacturer of lithium batteries after a fire killed 23 people, as they investigate three company officials for suspected safety violations. Monday’s fire at unlisted battery maker Aricell …

Deadly Explosion in Korea Revives Concerns Over Battery Safety

A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells used in everything from electric vehicles to energy storage systems. The fire and a series of explosions at a lithium …

Blaze at South Korea Lithium Battery Plant Kills 22 Workers

A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers, most of them Chinese nationals, fire officials said. The fire and a series of explosions ripped through the factory run …

Home Insurance at $10,000 a Year Shows California Buyers’ Pain

California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are making it even worse. Under the pressure of …

Northern California Wildfire at 15K-Plus Acres, Containment Grows on Fire in South

A wildfire is raging through a large swath of western Sacramento Valley after igniting on Monday and spreading to 15,656 acres. Evacuations were ordered in rural areas around the Sites Fire in Colusa County, which is burning roughly 70 miles …

Officials Approve Large Solar Farm in Mississippi Despite Residents’ Objections

JACKSON, Miss. (AP) — What could become Mississippi’s largest solar energy project was approved by a county board this week over objections from people who live near the proposed site. Hinds County supervisors voted 3-2 in favor of a conditional …