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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
4+ day, 2+ 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
5+ day, 12+ 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…...
Hurricane Lowell Brings Heavy Rains as It Passes West of Hawaii
5+ day, 17+ hour ago (278+ words) Hurricane Lowell passed west of Hawaii, where heavy rains may cause hundreds of millions of dollars of damage. Lowell, with top winds of 105 miles (169 kilometers) per hour, edged west of Kauai but is still dropping heavy rain, as well as…...
Judge Bars EPA Effort to Send California Vehicle Emissions Rules to Congress
1+ week, 3+ day ago (359+ words) A judge in Washington on Wednesday blocked the U.S. Environmental Protection Agency from sending landmark California vehicle emissions rules for a potential repeal to the Republican-controlled Congress. If the Trump administration is successful, it would bar California indefinitely from regulating tailpipe…...
Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids
1+ week, 4+ 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…...
Judge Strikes Down New York Plan to Charge Fossil-Fuel Firms $75B for Climate Damages
1+ week, 4+ day ago (442+ words) New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair the damage wrought by climate change was struck down by a federal judge, who said the sweeping law reaches beyond a state’s responsibility and into…...
Fatal Floods Expose Threats to Hydropower in the Roof of the World
1+ week, 4+ day ago (909+ words) “Hydropower is very important for climate change adaptation and the energy transition,” said Holger Frey, a researcher leading a group studying hazards and risks in mountains at the University of Zürich. “This is a dilemma for countries investing in renewables…...
World Inches Toward Catastrophic Climate Events: 'Bigger Shocks Are On the Way"
2+ week, 4+ day ago (1414+ words) In the opening scene of American writer Kim Stanley Robinson’s “The Ministry for the Future,” a heat wave combined with a breakdown of the electrical grid in India kills 20 million people. The devastation causes the world’s nations to unite to…...
Texas Oil Industry Running Out of Space to Dispose Wastewater
2+ week, 5+ 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…...
Highest-Ever Ocean Temperature Measured as Super El Niño Forms
2+ week, 6+ day ago (166+ words) “El Niño is adding heat to the system, but it is doing so on top of decades of human-driven warming,” said Samantha Burgess, strategic lead for climate at Copernicus’ European Centre for Medium-Range Weather Forecasts. “As ocean temperatures continue to…...