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Peruvian Farmer Takes Germany’s RWE to Court in Landmark Climate Case
A Peruvian farmer who says German energy giant RWE’s emissions have contributed to the melting of Andean glaciers, increasing the flood risk to his home, took his case to court on Monday in a hearing that could set a precedent …
POSTED MARCH 17, 2025 11:18 AM |
Cyclone Alfred to Cost Australia’s Budget A$1.2B, Hit Growth and Increase Inflation
Cyclone Alfred will cost Australia’s March 25 budget at least A$1.2 billion [US$759 million], hit growth and put pressure on inflation, Treasurer Jim Chalmers says. In a Tuesday speech previewing the budget, Chalmers will also say that on preliminary estimates, …
POSTED MARCH 17, 2025 10:41 AM |
Cybersecurity Officials Warn Against Potentially Costly Medusa Ransomware Attacks
The FBI and the U.S. Cybersecurity and Infrastructure Security Agency are warning against a dangerous ransomware scheme. In an advisory posted earlier this week, government officials warned that a ransomware-as-a-service software called Medusa, which has launched ransomware attacks since 2021, …
POSTED MARCH 17, 2025 6:16 AM |
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens
As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …
POSTED MARCH 17, 2025 5:28 AM |
People Moves: California Reappoints Members to Diversity Task Force and WCIRB Governing Committee
California Insurance Commissioner Ricardo Lara reappointed members Mitch Steiger and C. Bryan Little to the California Workers’ Compensation Insurance Rating Bureau Governing Committee and reappointed member Dr. Fabiola Cobarrubias to the Insurance Diversity Task Force. The WCIRB Governing Committee sets …
POSTED MARCH 17, 2025 5:00 AM |
Judge Finds Frozen Embryos Are Not Property That Can Be Divided
A northern Virginia judge determined embryos are not property that can be divided up, rejecting a previous analysis by the court saying such fertilized eggs could be considered divisible “goods or chattel” based on 19th-century slave law. Nearly 10 months …
POSTED MARCH 17, 2025 5:00 AM |
Volcano Near Alaska’s Largest City Could Erupt in Coming Weeks Or Months, Scientists Say
A volcano near Alaska’s largest city is showing new signs of unrest, with experts saying the likelihood of an eruption at Mount Spurr in the next few weeks or months has increased. The Alaska Volcano Observatory said last week that …
POSTED MARCH 17, 2025 5:00 AM |
US Court Allows Trump to Enforce Ban on DEI Programs, For Now
A U.S. appeals court on Friday said the Trump administration could temporarily implement a ban on diversity, equity and inclusion programs at federal agencies and businesses with government contracts, which had been blocked by a judge. The Richmond, Virginia-based 4th …
POSTED MARCH 16, 2025 6:26 PM |
California Insurance Commissioner Provisionally OKs State Farm’s 22% Rate Request
California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim homeowners insurance rate hike, the California Department of Insurance announced on Friday. The approval depends on whether the company can justify the rate increase with data …
POSTED MARCH 14, 2025 4:43 PM |
Fraternity Members Charged in Death of Southern University Student
Two more arrests have been made in connection with the death of a 20-year-old Southern University student who was repeatedly punched during an off-campus fraternity hazing ritual, Baton Rouge police announced. Kyle Thurman, 25, and Isaiah Smith, 28, have been …
POSTED MARCH 14, 2025 4:40 PM |
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