Randy and Amanda Rucker opened River Twice, their modern American BYO on Passyunk Avenue, seven months ago, hoping that his culinary talent and her business acumen would establish the restaurant as a fixture on one of Philadelphia’s most competitive restaurant corridors.
Tropical Storm Arthur, the first named storm in the Atlantic for 2020, will bring high surf, heavy rains and strong winds to the coast of North Carolina. As of late Monday morning, Arthur was located 20 miles east-southeast of Cape Hatteras, with sustained winds of 50 mph, the National Weather Service said.
A criminal investigation was underway after a fiery explosion left 12 firefighters injured as they fought flames engulfing a single-story commercial building in the Toy District of downtown Los Angeles over the weekend, officials said.
At least one person was killed and several were injured after a possible tornado was reported Sunday night in Louisiana, according to officials. The National Weather Service (NWS) office in Lake Charles had issued a tornado warning until 9:15 p.m. CDT for Acadia Parish for a radar-indicated tornado in the area.
Crypto.com has secured a $100 million direct insurance policy provided by Arch Underwriting at Lloyd’s Syndicate 2012. Per a May 11 announcement, the new policy brings Crypto.com’s total coverage to $360 million — with the firm claiming to now have the largest insurance coverage within the entire cryptocurrency sector.
An earthquake with a revised magnitude of 6.5 hit Nevada on Friday morning, about 225 miles northwest of Las Vegas near the California border, the US Geological Survey says. The quake occurred at 4:03 a.m. local time, the USGS says. It was 4.7 miles deep. At least four aftershocks were reported.
Insurance market Lloyd’s of London has said it expects coronavirus-related claims to cost it $3bn to $4.3bn (£2.5bn to £3.5bn). That means its biggest payout since the 11 September 2001 attacks in the US.
Damage assessments of flood-ravaged communities used to rely on post-disaster surveys. That’s changing. Scientists at one of the nation’s leading climate research consortiums last week released an “augmented reality” smartphone application that simulates how floodwater would inundate specific houses under varying storm surge conditions.
Another year, another "preseason" tropical storm. Tropical (or Subtropical) Storm Arthur is likely to form over the next few days, the National Hurricane Center said Thursday, giving the system a 70% chance of development within the next five days.
An insurance company involved in asbestos-related litigation is attempting to remove a former South Carolina Supreme Court chief justice from hearing several lawsuits by alleging the judge is biased and prejudicial.
It almost feels like the second in a series, what with this article’s title being so similar to the last one posted in this blog. In that article, we asked, “We Don’t Pay for Viruses, Do We?” (Short answer: Now we do). Today, however, we discuss a completely unrelated topic.
Unfriend Coal — a global network of NGOs and social movements appealing for insurance companies to divest out of the fossil fuel business — has called out major insurance companies Lloyd’s, Zurich, and Munich Re for providing hundreds of millions in liability insurance coverage to the Trans Mountain pipeline project.
With the official start of the 2020 Atlantic hurricane season just one month away, there has likely never been a more important one for the insurance industry.
In 1970, economist Milton Friedman published an idea that has driven capitalism for the last half-century: The only responsibility of a corporation is to generate profits for shareholders. That sole focus has produced distortions that have made many, including senior executives, increasingly uncomfortable and has led to an alternative formulation known as “stakeholder capitalism.”
Since March, the coronavirus pandemic has impacted virtually every aspect of life across the globe, and its effects have been unprecedented, in both their scope and speed of impact. Even after the U.S. and other countries attempt to ease lockdowns and restore some level of normalcy, the ripple effects will continue.
