Hyundai, Kia Urge Judge to Reject Cities TikTok-Inspired Theft Lawsuits
Korean automakers Hyundai Motor and Kia Corp. on Tuesday asked a U.S. judge to reject lawsuits filed by 17 cities for failing to install anti-theft technology in millions of ...
Government
Severe Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says
Growing extreme-weather risks mean President Joe Biden's expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. ...
Biden’s Carbon Proposal Is Unworkable, Power Sector Warns
Power plant owners in the U.S. warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, ...
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall
FEMA's National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021, but the program faces a potentially significant ...
Climate Change Lawsuits More Than Double in Five Years
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for ...
Delaware vs. IRS: Fight Over Captive Insurers’ Data Privacy Headed to Supreme Court
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service over the release of information on captive insurers. This fight has placed Delaware's state ...
State Insurance Regulation of Climate Issues ‘Fragmented’: FIO Report
The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and ...
Insolvency Cost: Florida Tapping Muni Bond Market For First Time In Decades
The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is ...
Court Rules U.S. Must Pay For Contributing to 2011 Mo. River Flooding
The U.S. government may have to pay tens of millions of dollars—or more—to landowners along the Missouri River after a court ruled it worsened flooding there since 2007 that killed crops and ...