Patricia Wells

A severe weather outbreak is set to impact the central United States, bringing heavy thunderstorms, large hail, and a risk of tornadoes. The National Weather Service has identified southern and western Minnesota and northern Iowa as areas with the highest risk for severe weather. According to the NWS, the public severe weather outlook highlights the … Read more

Britain has introduced new laws to hold water company executives accountable for covering up sewage spills. Starting this Friday, these leaders could face up to two years in prison and will be barred from receiving bonuses if they obstruct investigations into illegal sewage discharges. The UK government, through the Department for Environment, Food & Rural … Read more

Major automakers are urging Congress to block California’s ambitious plan to phase out gasoline-only vehicles by 2035. This plan has already been adopted by 11 other states, and car manufacturers warn it could disrupt vehicle shipments in the near future. The U.S. House of Representatives is set to vote this week on a bill aimed … Read more

Applause echoed through the Hawaiʻi Legislature this week after a significant vote on House Bill 1001, which aims to settle claims related to the devastating Maui wildfires that occurred in August 2023. This measure is crucial for the many individuals and businesses affected by the fires, which tragically claimed 102 lives. Representative David Tarnas expressed … Read more

The family of Krysta Tsukahara, one of three college students who lost their lives in a tragic Cybertruck crash in California, has filed a lawsuit seeking answers about the incident. The crash occurred in late November, during Thanksgiving break, when the vehicle struck a tree on a residential street and caught fire. Krysta’s father, Carl … Read more

Marks & Spencer has halted online orders in the UK and Ireland due to a cyber attack. The company announced this change on Friday, following reports of the incident earlier in the week. This news caused a 5% drop in the company’s shares. The retailer, known for its clothing and homeware, decided to pause online … Read more

The Hartford reported a significant drop in net income for the first quarter of 2025, falling 16% to $630 million. This decline was largely attributed to heavy losses from the California wildfires that occurred earlier this year. In terms of property and casualty insurance, the company faced catastrophe losses totaling $467 million before taxes. Out … Read more

The Ardonagh Group, based in London, has announced its acquisition of SRB Assekuranz Broker AG, a Zurich-based insurance broker. This move, which strengthens Ardonagh’s position in the insurance market, was made public recently, although the financial details of the deal were not disclosed. SRB, founded in 1980, specializes in serving corporate clients, especially in the … Read more

The world’s first exchange-traded fund (ETF) focused on catastrophe bonds is struggling to attract the expected initial investments. Launched just before the Trump administration’s tariff war, the Brookmont Catastrophic Bond ETF (Ticker: ILS US) has faced challenges in securing seed capital, according to Ethan Powell, the chief investment officer of Brookmont Capital Management in Texas. … Read more

The company behind the railcar involved in the East Palestine train derailment will not be responsible for contributing to the $600 million settlement that Norfolk Southern reached with residents affected by the incident. An Ohio jury ruled that GATX, the railcar’s owner, is not liable for the damages, despite the fact that a bearing failure … Read more