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 …
South Korea Jet Crash Puts Fast-Growing Jeju Air’s Safety Under Scrutiny Read More »
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 …
Hottest Year Ever Sees World Breach 1.5C Global Warming Target Read More »
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 …
Winter Weather Wallops US Farmers Read More »
Texas refineries are bracing for an onslaught of cold, snow and freezing rain as the US South’s first major winter storm sweeps in during what’s projected to be a frigid month. While temperatures in the upcoming storm aren’t expected to …
Texas Refineries Prepare for First Winter Storm, Frigid January Read More »
General agency Warner Pacific said it has acquired five general agencies from broker and fintech specialist, Acrisure, effective Dec. 1 2024. Financial terms were not disclosed. Westlake Village, California-based Warner Pacific’s Jan. 7 announcement said it will provide general agency …
Warner Pacific Completes Acquisition of 5 Acrisure General Agencies Read More »
American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief underwriting officer, effective immediately. Flatt also held the the position of interim CEO of managing general underwriter Private Client Select …
The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put roughly 1,700 workers at risk of serious injuries at the company’s warehouse in Tracy, their largest facility in the nation. …
Cal/OSHA Says Safeway Exposed Workers to Hazardous Conditions at Largest Warehouse Read More »
If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved a Florida …
Collateral Agreement Didn’t Mention Tort Claims, Cutting SUNZ Out of BP Funds Read More »
The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks. Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire risk, according to Florian Steiger, chief executive …
Catastrophe Bond Funds Say They’ll Dodge Losses as LA Fires Rage Read More »
Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman and other authors suing …
Meta Knew It Used Pirated Books to Train AI, Authors Say Read More »
