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Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan
Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. “As we promised, there will be no new taxes for citizens,” …
POSTED OCTOBER 16, 2024 5:12 AM |
Explaining Deductibles After Multiple Florida Hurricanes
Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller claims because either damage falls within the deductible, or is so close to it that the policyholder would rather not …
POSTED OCTOBER 16, 2024 5:12 AM |
The ‘Waffle House Index’ Helps Residents, FEMA Gauge a Storm’s Severity
Golden hashbrowns, gravy-smothered biscuits and crispy waffles with a hearty helping of maple syrup are among the classic Southern comfort foods. But when hurricanes tear through Southeastern towns, the hot meals and bold yellow signs of the local Waffle House …
POSTED OCTOBER 16, 2024 5:01 AM |
Far From Milton’s Eye, Tornadoes Wrought Unexpected Damage
WELLINGTON, Fla. (AP) — Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn’t worried about Hurricane Milton. The storm’s center was forecast to make landfall on the opposite side …
POSTED OCTOBER 16, 2024 5:01 AM |
Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies
Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly 2021 heat- dome event. The lawsuit, filed last year, …
POSTED OCTOBER 16, 2024 5:00 AM |
Average Weekly Wage Increase Bumps California Workers’ Comp Benefits for 2025
California’s State Average Weekly Wage rose nearly 3.8% in the year ending March 31, resulting in an increase in California workers’ compensation temporary total disability and permanent total disability rates for 2025 work injury claims and other workers’ comp benefits …
POSTED OCTOBER 16, 2024 5:00 AM |
Google Endorses Bill to Reveal Funders Backing Lawsuits
Google is endorsing a bill that would require people filing lawsuits to disclose who will be paying for – and profiting from – the litigation. The bill, introduced last week by California Republican Representative Darrell Issa, would require plaintiffs to …
POSTED OCTOBER 16, 2024 5:00 AM |
Jury Says J&J Must Pay $15 Million to Man Who Claims Talc Caused His Cancer
Johnson & Johnson must pay $15 million to a Connecticut man who alleges that he developed mesothelioma, a rare form of cancer, as a result of using the company’s talc powder for decades, a jury found on Tuesday. Plaintiff Evan …
POSTED OCTOBER 16, 2024 5:00 AM |
Washington’s Landmark Climate Law Hangs in The Balance This Election
A groundbreaking law that forces companies in Washington state to reduce their carbon emissions while raising billions of dollars for climate programs could be repealed by voters this fall, less than two years after it took effect. The Climate Commitment …
POSTED OCTOBER 16, 2024 5:00 AM |
Former Triple-I Exec Says He Was Fired After Testifying in Bullying Case Against CEO
A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of discrimination and retaliation. Michael Barry, who worked at Triple-I for more than 17 years and was a senior vice president, …
POSTED OCTOBER 16, 2024 4:35 AM |
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