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Tag: insurance-journal

Winter Storm Sweeps US South, Grounding More Than 2,000 Flights
Insurance Journal | January 10, 2025
Winter Storm Sweeps US South, Grounding More Than 2,000 Flights
A powerful winter storm sweeping the US South has grounded more than 2,000 flights, halted passenger trains and threatens the region with heavy snowfall. As of 7:15 a.m. New York time, 2,043 flights around the US were canceled, more than …
Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P
Insurance Journal | January 10, 2025
Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P
Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for both insurers and their reinsurers, with preliminary …
$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery
Insurance Journal | January 10, 2025
$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery
ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money — $1.43 billion for North Carolina …
Georgia Lawmakers Gearing Up for New Tort Reform Push
Insurance Journal | January 10, 2025
Georgia Lawmakers Gearing Up for New Tort Reform Push
ATLANTA (AP) — After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are doubling down with a new push. Supporters, most prominently business groups, call the state a “judicial hellhole,” and argue that …
BlackRock Leaves Major Climate Group Amid Wall Street Exodus
Insurance Journal | January 10, 2025
BlackRock Leaves Major Climate Group Amid Wall Street Exodus
BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming. The money manager has decided to leave the Net Zero Asset Managers initiative it said …
Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence
Insurance Journal | January 10, 2025
Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence
Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s connection to the …
Europe Warns Airlines on Russia Airspace After Azeri Plane Crash
Insurance Journal | January 10, 2025
Europe Warns Airlines on Russia Airspace After Azeri Plane Crash
The European Union Aviation Safety Agency warned airlines to steer clear of several cities in Russia following the fatal crash of an Azerbaijan Airlines passenger jet that was likely shot down by Russian forces. EASA advised carriers to avoid five …
South Korea Jet Crash Puts Fast-Growing Jeju Air’s Safety Under Scrutiny
Insurance Journal | January 10, 2025
South Korea Jet Crash Puts Fast-Growing Jeju Air’s Safety Under Scrutiny
Before it suffered the deadliest crash in South Korea’s history, budget airline Jeju Air was moving fast: racking up record passenger numbers and flying its aircraft more than domestic rivals and many of its global peers, data show. The high …
Hottest Year Ever Sees World Breach 1.5C Global Warming Target
Insurance Journal | January 10, 2025
Hottest Year Ever Sees World Breach 1.5C Global Warming Target
Earth’s warming exceeded 1.5C on an annual basis for the first time in 2024, according to two major climate science agencies. It’s the most potent evidence yet that countries are failing to meet a Paris Agreement goal of limiting global …
Winter Weather Wallops US Farmers
Insurance Journal | January 10, 2025
Winter Weather Wallops US Farmers
A nasty dose of winter weather has pummeled much of the U.S. from Kansas to the East Coast, leaving many Americans to dig out of the blizzard — including farmers. And more is on the way, with the polar air …