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Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers
For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea …
POSTED JULY 27, 2026 10:32 AM |
Trump’s New Tariffs Prompt Lawsuit From Small Businesses
The Trump administration is facing a fresh legal challenge to the president’s latest round of global tariffs that took effect Friday. Small businesses filed a pair of lawsuits in the US Court of International Trade accusing President Donald Trump and …
POSTED JULY 27, 2026 5:16 AM |
Abbott Defeats Shareholder Lawsuit Over 2022 Infant Formula Recall
A federal judge on July 24 dismissed a lawsuit accusing Abbott Laboratories of defrauding shareholders by downplaying and trying to evade its responsibility for a 2022 recall of powdered infant formula, and lying about its commitment to quality and product …
POSTED JULY 27, 2026 5:09 AM |
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks
Dozens of boats in a marina in Serbia’s northern city of Novi Sad floated in a green slurry — all that remained after the waters of the Danube receded by several hundred meters, while barges were moored in the deeper …
POSTED JULY 27, 2026 5:05 AM |
Saudi Arabia-Bound Supertanker U-Turns Before Houthi Chokepoint
A Hong Kong-flagged supertanker bound for Saudi Arabia’s Red Sea port of Yanbu has U-turned just before reaching the Bab el-Mandeb chokepoint, where recent attacks were launched by the Houthis as part of a blockade on ships linked to the …
POSTED JULY 27, 2026 5:05 AM |
Hispanic Neighborhoods in Florida Pay Much Higher Premiums, Consumer Group Says
Florida’s top insurance regulator and some insurance producers, including the former president of the Latin American Association of Insurance Agents, are questioning a report that suggests policyholders in Hispanic neighborhoods in the state pay much higher premiums. “While we acknowledge …
POSTED JULY 27, 2026 5:02 AM |
Miami’s Ultra-Luxury Home Sales Top NYC, Bay Area on Wealth Flight
Miami’s ultra-luxury real estate market is on track to shatter records in 2026, outpacing sales in New York City and the Bay Area as wealth continues to migrate to low-tax states. In the first six months of the year, 24 …
POSTED JULY 27, 2026 5:01 AM |
Why Wildfires Pose Multiple Threats to US West Power Sector: Maguire
For years, wildfire season was largely viewed as a threat to homes, forests and utility infrastructure in the American West. But as smoke from fires blankets large swaths of the country, it is becoming something else too: a power-sector challenge. …
POSTED JULY 27, 2026 5:00 AM |
People Moves: World Insurance Names Erfurt National Leader; Landis Joins Ironpeak
World Insurance Names Erfurt as NJ Market Leader & National Industry Leader World Insurance Associates LLC, headquartered in Iselin, New Jersey, hired Rob Erfurt as the firm’s New Jersey market leader and national industry leader. Based in Iselin, Erfurt will …
POSTED JULY 27, 2026 5:00 AM |
People Moves: Lara Appoints California Statewide Advisory Board Members
California Insurance Commissioner Ricardo Lara made several appointments and reappointments to the California Department of Insurance’s statewide governing boards. These include naming newly appointed members Andrea Hecht and Jim Taylor to the California Insurance Guarantee Association (CIGA) Board of Governors …
POSTED JULY 27, 2026 5:00 AM |
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