Deadly Flood Losses Mount As Insurers and Governments Tally Costs
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California’s Insurance System Faces Crucial Test as Wildfire Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.The New York Times - 9h -
Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.The New York Times - 1d -
Syria flooded with Pepsi and Pringles as rulers open economy
End of Assad-era restrictions on dollars, exorbitant duties and extortion leads to boom in foreign goodsFinancial Times - 2d -
U.S. Companies Cut Diversity Efforts as Challenges Mount
At least six major U.S. companies modified their DEI policies last year.Inc. - 4d -
How much does it cost to insure 1-ounce gold bars in 2025?
Planning to add 1-ounce gold bars to your portfolio? here's what you could pay to insure them this year.CBS News - 4d -
Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
Allstate, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.CNBC - 4d -
High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups
Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.CNBC - 4d -
Questions mount over budget cuts made ahead of L.A.-area wildfires
Los Angeles city leaders are facing mounting questions over whether the city was prepared as the wildfires, including the Palisades Fire, broke out. L.A. Mayor Karen Bass is also facing criticism ...CBS News - 4d -
UK government borrowing costs rise towards 16-year high
Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rulesFinancial Times - 4d -
Biden says federal government to cover 100% of costs for initial LA fire recovery
President Joe Biden on Thursday announced the federal government would cover 100% of costs of the initial federal disaster response to the Los Angeles wildfires.ABC News - 4d -
The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.The New York Times - 4d -
California Wildfires Lay Bare an Insurance Crisis
Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.The New York Times - 4d -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - 4d -
Penn State WRs held without a catch in Orange Bowl loss as fatal flaw costs shot at national championship
It can't be Tyler Warren all the time in Penn State's passing gameCBS Sports - 4d -
WATCH: Insurance expert on how to prepare for insurance claims amid California fires
ABC News’ Linsey Davis speaks with insurance broker Karl Susman about the difficulty of insuring homes and making fire claims in California as residents begin to survey the damage left by the fire.ABC News - 5d -
Loss estimates, including health effects and rebuilding costs, surge.
As fires raged, the economic toll of the disaster climbed into the tens of billions of dollars, according to analyst estimates.The New York Times - 5d -
Demystifying the Department of Government Efficiency
This week we break down the new government committee being led by Elon Musk and Vivek Ramaswamy.Wired - 5d -
UK government seeks to soothe bond market nerves after borrowing costs soar
Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’Financial Times - 5d -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - 5d -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - 6d -
Urgency mounts in search for powerful Tibet earthquake survivors
Over 400 people trapped by rubble in earthquake-stricken Tibet were rescued, Chinese officials said on Wednesday, with an unknown number still unaccountedNBC News - 6d -
Navy faces steep shipbuilding costs
Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Navy's plan to build more ships faces steep costs The Congressional ...The Hill - Jan. 7 -
China’s biggest football club kicked out of league as financial woes mount
Guangzhou FC’s struggles relate to collapse of property developer China EvergrandeFinancial Times - Jan. 7 -
Death toll in Mount Everest earthquake reaches 95
Yahoo News - Jan. 7 -
Deadly earthquake shakes Tibet region of western China near Mount Everest
A deadly earthquake struck near the city of Shigatse in Tibet region and was felt in neighboring Nepal and India. The epicenter was in a remote high-altitude region about 50 miles northeast of ...NBC News - Jan. 7 -
Your Customers Are Costing You Dearly
The customer is not always right. And some of them are more expensive than they’re worth.Inc. - Jan. 7 -
Aerial footage shows severe flooding in Leicestershire
Large swathes of the Leicestershire countryside have been inundated by floodwater.BBC News - Jan. 6 -
How the Cowboys cost Cooper Rush $250,000 by starting Trey Lance in Week 18 loss to Commanders
Lance's gain is Rush's financial lossCBS Sports - Jan. 6 -
What are my rights if my home is flooded or damaged?
Your rights explained as residents and businesses count the cost of storm damage.BBC News - Jan. 6 -
South Korea crisis mounts as clock ticks on arrest warrant for president
Anti-corruption agency taps police to bring Yoon Suk Yeol into custody following stand-off on FridayFinancial Times - Jan. 6 -
Jeju Air’s Problems Mount After Crash of Flight 7C2216
South Korea’s leading low-cost carrier, heavy with debt and its stock already near record lows, is now facing intense public and government scrutiny.The New York Times - Jan. 5 -
Israel’s Military Pounds Gaza as Pressure Mounts for Cease-fire
Gaza’s health ministry said that 88 people had been killed over the past day. Israeli and Hamas officials have been holding indirect cease-fire talks via mediators in Qatar.The New York Times - Jan. 5 -
UK altnets count cost of ‘gold rush’ end after collective losses surpass £1bn
Alternative network providers under pressure to demonstrate they can be profitable businesses not just buildersFinancial Times - Jan. 5 -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - Jan. 3 -
China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for creditFinancial Times - Jan. 3 -
Kia Recalls 23K EVs Due to Missing Seat Mounting Bolts
Yahoo News - Jan. 2 -
Weather warnings remain as flooding clean-up starts
Hundreds of people cannot return home, roads are closed and train services cancelled due to flooding.BBC News - Jan. 2 -
Drone footage shows collapsed Cheshire canal bank triggering flood
The aqueduct collapsed and flooded surrounding field after heavy rainfall.BBC News - Jan. 1 -
Homes flooded in Greater Manchester as storms hit New Year's Day
A major incident is declared in Greater Manchester after flooding left people trapped in their homes.BBC News - Jan. 1
