Fall Forecast Calls for Stubborn Heat, Increased Wildfire Risks, Severe Weather July 31, 2024 Summer heat is expected to last well into autumn across much of America, bringing an increased risk of wildfires and...
Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products July 31, 2024 Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears...
Wildfire in California Now State’s Fifth Largest on Record, Destroyed 277 Structures July 31, 2024 The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277...
Moody’s Eyes Downstream Impact of CrowdStrike Disruption on Cyber Insurance July 31, 2024 Most losses from the CrowdStrike outage will be business interruption, a primary contributor to losses from cyber incidents—and because the...
AM Best: Migration to Cat-Prone States Fueled Record HO Underwriting Losses in 2023 July 31, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...
Wells Fargo Sued Over Drug Costs in Employee Health Plan July 31, 2024 By John Tozzi Wells Fargo & Co. was accused of overpaying for prescription drugs by former employees, who claim mismanagement of the bank’s...
Meta to Pay $1.4B to Settle Texas Facial Recognition Data Lawsuit July 31, 2024 By Mike Scarcella and Jody Godoy Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of...
AccuWeather: Tropical Threat Developing in Atlantic Could be Next Named Storm July 30, 2024 Debby could be the next name most frequently out of the mouths of hurricane watchers and emergency responders. Meteorologists tracking...
California Wildfire Has Burned 599 Square Miles, Destroyed 165 Structures July 30, 2024 Containment has increased on a fire that exploded in size and in a few days became California’s sixth largest wildfire,...