Patricia Wells

Spain recently experienced its largest blackout in history, affecting over 50 million people across the country and neighboring Portugal. The blackout occurred on April 28 around 12:33 p.m., leading to widespread disruptions in public transport, traffic, and communications. Shops and restaurants were forced to close as a result. New information from the Spanish government reveals … Read more

A new report from Zurich Insurance Group paints a concerning picture of the future as climate change continues to cause more extreme weather events and natural disasters. The paper, released this week, emphasizes the urgent need for action but also highlights that there are steps we can take now to better prepare for these challenges. … Read more

Attendees at the RIMS’ Riskworld annual conference in Chicago will have a chance to meet a group of eager students focused on risk management. These students are participating in the Spencer-RIMS Student Risk Management Challenge, a global competition that encourages college teams to create risk management reports based on a specific case study. The Spencer … Read more

Norfolk Southern has faced growing criticism from residents of East Palestine, Ohio, following a train derailment in February 2023 that caused a major environmental disaster. The incident involved five tank cars filled with vinyl chloride, which were intentionally burned, releasing a large plume of toxic smoke that affected homes, schools, and farmland in the area. … Read more

Auto insurance rates in the U.S. have been on a rollercoaster ride, but recent trends show a slowdown in price increases. By the end of 2024, the growth in auto insurance premiums dropped to less than 2%, a significant decline from the staggering 13% rise seen at the beginning of the year. This shift has … Read more

At AM Specialty Insurance Co. in Dallas, Texas, Nishad Lad is leading a significant change in how the company processes claims. As the head of data and software development, he is introducing new technologies aimed at improving efficiency and accuracy in claims handling. Lad and his team have rolled out a new tool called the … Read more

Texas Mutual Insurance Company is set to distribute a significant $330 million in general dividends to its policyholders in 2025. This decision comes after a unanimous vote by the company’s board of directors. As the leading provider of workers’ compensation insurance in Texas, Texas Mutual has now committed to distributing over $1 billion in general … Read more

Voters in Alaska, Missouri, and Nebraska made a strong statement last year when they supported measures to require paid sick leave for workers. However, some lawmakers in these states are now pushing to roll back these benefits, citing concerns from businesses about the potential costs. The move to change the laws is seen as an … Read more

Hawaii lawmakers have recently passed a controversial bill aimed at improving Hawaiian Electric Co.’s credit rating. This decision comes despite strong pushback from key committee chairs in both the House and Senate. The bill introduces a new fee for HECO customers, which is intended to fund necessary investments for wildfire prevention. The main point of … Read more

The Trump administration has taken legal action against Michigan and Hawaii, aiming to prevent these states from suing oil companies for damages related to climate change. This move comes shortly after the U.S. Supreme Court dismissed a Republican effort to block similar lawsuits from several Democratic-led states. The federal government argues that these lawsuits interfere … Read more