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California Commissioner Takes Legal Action Against FAIR Plan for Smoke Damage Claims
California Insurance Commissioner Ricardo Lara is taking legal action against the California FAIR Plan Association for reportedly denying and limiting smoke damage claims from wildfire survivors. The California Department of Insurance filed an order to show cause against the FAIR …
POSTED JULY 31, 2025 10:57 PM |
No Mention of Robotaxi as Tesla Launches Ride-Hailing in San Francisco
Tesla launched a ride-hailing service in the San Francisco Bay Area on Thursday, without indicating whether it would be using self-driving vehicles that power its Austin, Texas operations. California has not permitted Tesla to offer robotaxi service, and the limited …
POSTED JULY 31, 2025 7:37 PM |
PERILS Offers Severe Convective Storm Loss Reporting for Europe, Japan, New Zealand
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the inclusion of severe convective storm (SCS) industry loss reporting for Europe (Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Switzerland, United Kingdom), Japan and New Zealand. …
POSTED JULY 31, 2025 4:43 PM |
Broker WTW Beats Q2 Profit Estimates on Robust Product Demand
Willis Towers Watson beat Wall Street estimates for second-quarter profit on Thursday, driven by a strong performance in its risk and brokerage business. Despite rising premium costs, businesses increased spending on insurance products as they prioritized financial protection in response …
POSTED JULY 31, 2025 4:23 PM |
UK Air-Traffic Outage Caused by Radar Canceled 150 Flights
The air-traffic control outage that disrupted UK flights on Wednesday afternoon was caused by an unspecified radar-related issue, leading to more than 150 canceled flights in one of the busiest travel periods of the year. The service interruption resulted in …
POSTED JULY 31, 2025 4:09 PM |
Oklahoma Announces New Zip Codes for Fortified Homes Program
The Oklahoma Insurance Department (OID) has announced 63 zip codes across the state for the third and final pilot launch of OKReady, the Strengthen Oklahoma Homes program. A list of the third pilot zip codes can be found on the …
POSTED JULY 31, 2025 3:59 PM |
AI, Crypto Securities Class Actions on Track for Highs in 2025: Cornerstone
Overall numbers of securities class actions filed in the first half of 2025 are in line with last year, but artificial intelligence- and cryptocurrency-related filings are on the rise. According to a report by Cornerstone Research in collaboration with the …
POSTED JULY 31, 2025 3:18 PM |
Orlando Joins Florida’s Stadium Boom With $420 Million Bond Sale
Orlando plans to borrow more than $420 million to renovate Camping World Stadium, joining a wave of Florida cities pouring public funds into stadium projects. The city plans to sell about $420 million of tax-exempt bonds on Thursday to modernize …
POSTED JULY 31, 2025 2:49 PM |
Five Alabama Jail Medical Staff Indicted in Death of Mentally Ill Inmate
Five medical employees at an Alabama jail have been indicted in connection with the death of a mentally ill man who died of hypothermia after being held for two weeks in a concrete cell. The indictment unsealed Tuesday brings the …
POSTED JULY 31, 2025 2:36 PM |
Luxembourg Probes Possible Wrongdoing Tied to China CO2 Credits
Luxembourg authorities are looking into possible wrongdoing tied to carbon-credit projects based in China that have been tapped by European companies to reduce their CO2 footprints. “The Prosecutor General’s office is currently investigating the matter,” a spokesperson at Luxembourg’s ministry …
POSTED JULY 31, 2025 2:21 PM |
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