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At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based
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News
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California
3+ day, 3+ hour ago (292+ words) For the first time in three years, capacity is returning to the California homeowners insurance market. Those commitments are showing up in policy counts, not just press releases. After three years of pullback, the trend seems to be finally turning....
Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
4+ day, 13+ hour ago (595+ words) The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner…...
Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids
1+ week, 3+ day ago (312+ words) The risk of power outages is expected to escalate across a broad swath of the United States as intense heat will test the capacity of electricity supplies serving millions of homes and businesses from the Midwest through the Mid-Atlantic. The…...
Texas Oil Industry Running Out of Space to Dispose Wastewater
2+ week, 4+ day ago (1661+ words) Elected officials and industry leaders warn that Texas is at the “precipice” of running out of underground space to dispose of the nearly 1 billion gallons of wastewater that oil and gas production generates every day in the Permian Basin. The…...
Thousands in Indiana Still Without Power After Deadly Storms
3+ week, 1+ day ago (556+ words) Tens of thousands of people in northwest Indiana remained without power Wednesday, more than a week after deadly storms leveled trees and knocked down power lines across the region. Northern Indiana Public Service Co. said crews were working nonstop to…...
California Adopts Weaker Home Protection Rules as Wildfires Grow
3+ week, 2+ day ago (426+ words) A California agency on Wednesday approved long-delayed regulations designed to protect homes from wildfire, but they’re less stringent than defenses recommended by scientists and firefighters. The new rules, which apply to about 2 million homes, were mandated by a 2020 state law…...
Burst of New Solar Power Makes Midwest Grid the Biggest in US
3+ week, 3+ day ago (264+ words) Growing solar power in a swath of the US Midwest dominated by Republican leadership has led that region’s electric grid to become the nation’s biggest in terms of electric supply. The Midcontinent Independent System Operator, which provides power to 45 million…...
Europe's Heatwaves Expose Insurance Gap as Business Losses Mount
3+ week, 5+ day ago (678+ words) For more than a century, cafes in the Italian city of Padua have welcomed customers for an early evening drink, or aperitivo, encouraging them to sit outside and socialize before dinner. As Europe bakes under its fifth heatwave of the…...
France Pledges €100 Million in Wildfire Aid for Homes and Firms
3+ week, 5+ day ago (262+ words) France is mobilizing more than €100 million ($116 million) in aid to rebuild homes and issue tax relief to businesses devastated by this summer’s wildfires. The government has allocated €12 million for the Gironde and Landes departments in the southwest, which were impacted…...