An Alabama insurance agent running for governor is challenging U.S. Sen. Tommy Tuberville’s eligibility to seek the office, accusing the football coach-turned-politician of not meeting the legal requirement to have lived in the state for seven years. Ken McFeeters, who is running against Tuberville for the Republican nomination for governor, filed the challenge Tuesday with the Alabama Republican Party. McFeeters in a phone interview said he believes Tuberville lives in a multimillion-dollar beach home in Florida instead of a smaller home that he has listed as his residence in Auburn, Alabama. McFeeters Property tax records show the former Auburn University…
Author: Awais
Losses tied to floods in Southeast Asia may grow as much as 10-fold in the coming years due to the rise of extreme weather events, according to Willis Towers Watson Plc. Early indications suggest that major regional flooding events have the potential to cause economic losses in excess of $10 billion, compared with the $1 to $2 billion range typical of the past decade, according to the Natural Catastrophe Review 2026 report published by the insurance broker. “Warmer oceans, shifting formation zones and greater track sensitivity mean that past patterns are becoming less reliable guides to future risk,” Srivatsan Vijayaraghavan,…
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. 2026 is an “execution year” for Teladoc Health, CEO Chuck Divita told Healthcare Dive. The telehealth company has spent the past year focusing on a strategy shift, prioritizing international expansion, improving operating efficiency, better leveraging its mental health assets and enhancing its integrated care business. The goal is to deliver sustainable long-term growth at Teladoc, which has seen its stock price decline significantly from the heights reached during the COVID-19 pandemic. To that end, the virtual care giant completed multiple acquisitions last…
Europe’s food safety regulator will publish advice on what is an acceptable level of the toxin currently at the heart of one of the biggest infant formula recalls in history. The European Food Safety Authority will establish an “acute reference dose” for cereulide in infant formula, effectively setting a threshold level which if exceeded would trigger a recall, the group announced on Wednesday, confirming an earlier Bloomberg News report. It will also provide information on typical and higher-end consumption levels of infant formula. The move comes after the world’s largest infant formula producer, Nestlé SA recalled hundreds of products potentially…
A fire in a commercial plaza in Thomaston, Connecticut damaged five businesses including a popular restaurant, Patti’s Place. Firefighters battled the building fire on Park Street late Tuesday night and into Wednesday morning. “Crews started with an aggressive interior attack, with a deep-seated fire, conditions changed fast forcing them to move to an exterior attack. Crews worked for around 14 hours to extinguish the fire in freezing weather conditions, leading to frozen hydrants, hoses, apparatus, and gear,” the fire department said in a post. On Wednesday afternoon, about 3 pm, the fire department was dispatched back to the site for…
Australia hit a new clean energy milestone during the December quarter, even as power demand rose over 2.2% from a year earlier, the Australian Energy Market Operator (AEMO) said on Thursday. Gas-fired generation fell to its lowest level since 2000, while total electricity generation across the National Electricity Market (NEM) rose 3.1% from a year earlier to just over 25,000 megawatts. The share of generation from renewables rose by 5 percentage points from a year earlier to exceed 50%. The NEM does not include Western Australia or the Northern Territory. Western Australia also recorded higher renewable use and declines in…
According to a recent report from Willis, a division of WTW, natural catastrophe events generated over $100 billion in insured losses in 2025. This marks the sixth consecutive year that losses have exceeded this amount, highlighting the ongoing severity and persistence of natural catastrophe risk, despite the fact that no single hurricane made landfall in the United States during that time.The company does not give a specific estimate, but Willis does highlight some interesting trends that are developing within its latest report, which also includes contributions from Willis Re. The findings are included in the company’s Natural Catastrophe Review, where…
A wave of cyberattacks has hit Bumble Inc., Panera Bread Co., Match Group Inc., and CrunchBase Inc., as cybersecurity experts warn about a new round of social engineering attacks targeting US companies. Bumble Inc., the parent company of dating apps Bumble, Badoo and BFF, contacted law enforcement after one of its contractor’s accounts “was recently compromised in a phishing incident,” a spokesperson said. The hacker made “a brief unauthorized access to a small portion of our network,” the spokesperson said, adding that the company believes the access had ended. The hackers didn’t get into the company’s member database, member accounts,…
Arch Insurance International (Arch) announced the launch of its event cancellation cyber coverage, which is available through both the London market and Arch’s instant quote and bind platform, Arch IQ. Offered as a cyber extension to an event cancellation policy, the coverage protects against cancellation, abandonment, curtailment, interruption, postponement or relocation of an event resulting from an unauthorized, malicious or criminal cyber act, or computer system failure. It also covers third-party infrastructure, including the failure or interruption of communications and utilities. To assist event organizers in managing a cyber incident efficiently, coverage is broad and includes access to security incident…
Medicare Advantage health plans are blasting a government proposal this week that would keep their reimbursement rates flat next year while making other payment changes. But some health policy experts say the plan could help reduce billions of dollars in overcharges that have been common in the program for more than a decade. On Jan. 26, Centers for Medicare & Medicaid Services officials announced they planned to raise rates paid to health plans by less than a tenth of a percent for 2027, far less than the industry expected. Some of the largest, publicly traded insurers, such as UnitedHealth Group…
The association’s property, located at 1121 Albion Street in Denver, sustained significant damage following an incident on or about January 19, 2024. The building was insured under a program involving all six carriers, covering the period from July 24, 2023, to July 24, 2024.
The United States has been carrying out a months-long effort to seize oil tankers linked to Venezuela – carrying out seven apprehensions since late last year. The officials, who were speaking on the condition of anonymity, identified the vessel being handed over to Venezuelan authorities as the Panama-flagged supertanker M/T Sophia. They did not say why the tanker was returned. Along with most tankers under Western sanctions or part of the so-called shadow fleet, many of the Venezuela-linked tankers seized were built over 20 years ago and pose hazards to shipping because they lack safety certification and adequate insurance, experts…
Circuit Judge Stephen A. Higginson, writing for the panel, noted that a nearly identical case had just been decided. In Town of Vinton v. Indian Harbor Insurance Co., another town in Calcasieu Parish had the same policy language, the same hurricane damage, and faced the same litigation moves from insurers. The parties in the Police Jury case had even asked the court to wait for the Vinton decision before proceeding, knowing it would likely settle their dispute too.
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. The Trump administration has taken a big step toward curbing Medicare Advantage overpayments, proposing a rule that would stamp out one strategy insurers use to inflate their members’ sicknesses to get higher reimbursement in the privatized Medicare program. In a rule released Monday, the CMS proposed excluding patient diagnoses that aren’t linked to actual medical care from MA risk adjustment. The policy would eliminate the financial motivation insurers have to mine their members’ medical charts for additional diagnoses, since insurers wouldn’t be able…