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Q&A With NYC Mayor and Officials on Structurally Compromised Midtown Building
The following is an unedited transcript provided by New York City of a July 7, 2026 press conference with Mayor Zohran Kwame Mamdani, Fire Commissioner Lillian Bonsignore, Fire Department Chief John Esposito, and Buildings Commissioner Ahmed Tigani concerning the unstable …
POSTED JULY 08, 2026 6:00 PM |
Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources
Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said …
POSTED JULY 08, 2026 4:22 PM |
AM Best Revises Outlook to Stable for Brotherhood Mutual
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Brotherhood Mutual Insurance Company …
POSTED JULY 08, 2026 4:18 PM |
Wisconsin Residents Affected by April Storms Eligible for FEMA Aid
Wisconsin residents affected by the April storms that brought severe flooding and tornadoes to the state can apply for FEMA aid. Affected individuals in Bayfield, Brown, Buffalo, Jackson, Jefferson, Juneau, Kenosha, Manitowoc, Marathon, Milwaukee, Outagamie, Racine, Rock, Sauk, Vernon, Washington, …
POSTED JULY 08, 2026 3:54 PM |
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria
New York City is taking the unprecedented step of publicly identifying buildings on the Upper East Side where cooling towers test positive for the bacteria causing Legionnaires’ disease. Buildings with positive initial tests are also being ordered to immediately drain, …
POSTED JULY 08, 2026 3:23 PM |
Changes in Policy Language, Provisions Suppressing Claim Volume, Report Shows
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, said a new report. Changes in policy language and policy provisions are a big factor in suppressing the …
POSTED JULY 08, 2026 2:34 PM |
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar
Ciara Billie was about to step into the shower of her newly built townhome on the Hollywood Seminole Reservation in South Florida when her ceiling began to crumble and an air-conditioning vent crashed down on her toilet. For months, Billie …
POSTED JULY 08, 2026 2:31 PM |
Business Moves: ALKEME Expands in US With Addition of 8 Agencies
Insurance agency ALKEME Insurance said it acquired eight agencies across the U.S. over the second quarter 2026 to enhance its property/casualty offerings in growing markets. Terms of the deals were not disclosed. The newly acquired firms include: LG Insurance (Long …
POSTED JULY 08, 2026 2:28 PM |
Wildfire Risk Rises Across US West as Winds, Dry Lightning Build
Strong winds and dry thunderstorms are raising the risk of fast-moving wildfires across much of the U.S. West, where forecasters warned conditions will favor new ignitions and rapid fire spread through Thursday. An elevated fire-weather outlook, Level 1 on the …
POSTED JULY 08, 2026 1:18 PM |
Labor Crunch Tests Growth Limits for US Data Center Builders
Following several quarters of record order books, a skilled-labor shortage is testing the limits of growth for the craft-labor providers who build data centers across the US. While some executives have downplayed the strain, others acknowledge that a lack of …
POSTED JULY 08, 2026 1:10 PM |
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