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Grid Warns Extreme Heat Risks Summer Power Shortages in Midwest to East
PJM Interconnection LLC, the largest US electric grid serving about 20% of Americans from the Midwest to East Coast, warned that extreme heat this summer could trigger supply shortages for the first time. While PJM expects to have enough power …
POSTED MAY 13, 2025 1:29 PM |
FAA Convening Emergency Task Force on Newark Telecom Outages
The Trump administration said on Monday it was convening an emergency task force and fast-tracking urgent steps to prevent additional telecom outages at the facility overseeing Newark air traffic after three incidents have shaken public confidence. Acting Federal Aviation Administration …
POSTED MAY 13, 2025 1:23 PM |
Man Who Fell 21 Feet at Pirates Game Takes First Steps But Has ‘Long Way to Go’
The 20-year-old man who fell from the top of a 21-foot-high wall onto the warning track at PNC Park during a Pittsburgh Pirates game last week took his first steps Monday but still has “a long way to go” in …
POSTED MAY 13, 2025 1:19 PM |
Google Facing at Least €12 Billion in Civil Claims Across Europe
Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage claims from dozens of price comparison websites across the European Union which allege that the search and advertising giant stole their customers, according to a Bloomberg News …
POSTED MAY 13, 2025 1:12 PM |
Residents Jumped From Windows in Wisconsin Apartment Fire That Killed 4
Residents jumped from the windows of a four-story apartment building in Milwaukee during a Mother’s Day fire that killed four people, critically injured four others and grew so intense that the blaze outmatched the first firefighters to arrive, authorities said. …
POSTED MAY 13, 2025 1:12 PM |
United Security Insurance Expands Personal Lines Auto to Arizona
United Security Insurance Company has expanded its personal lines auto insurance product into Arizona. The product was developed by USIC and is marketed by Warrior Insurance Network. Arizona is the first state in WIN member insurance companies’ westward expansion. The …
POSTED MAY 13, 2025 1:02 PM |
India Approves More Russian Insurers to Provide Marine Cover
India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top …
POSTED MAY 13, 2025 12:28 PM |
Global Banking Regulators Agree to Prioritize Climate Risk Work
Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world’s forum for banking regulators met on Monday to take …
POSTED MAY 13, 2025 11:59 AM |
Markel Insurance CEO Wilson Lays Out Strategy for ‘Bread-and-Butter’ E&S Business
“You can’t cut yourself to greatness.” Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to convey the idea the hard work of …
POSTED MAY 13, 2025 11:55 AM |
Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform
Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suite of risk management tools and …
POSTED MAY 13, 2025 11:39 AM |
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