Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in …
A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the recommendations …
Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week …
An unprecedented legal move by MGM Resorts International to sue surviving victims of the Las Vegas mass shooting took another unusual turn Tuesday when the casino-operator offered to make $500 charitable donations in the name of each person who waives …
Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how …
The operators of a Missouri duck boat that sank in July, killing 17 people, say in a court filing that a lawsuit from Missouri’s attorney general is “irresponsible” and “littered with factual inaccuracies and innuendo.” Attorney General Josh Hawley’s lawsuit …
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and …
Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards …
The last time the midsection of the East Coast stared down a hurricane like this, Dwight Eisenhower was in the White House and Marilyn Monroe and Joe DiMaggio were newlyweds. Hurricane Florence could inflict the hardest hurricane punch the Carolinas …
After concerns over stability halted construction of a Baton Rouge, La., library back in April, a new report estimates it will cost almost another $2 million to steady the building. Construction on the River Center Branch Library was halted after …