Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s sigma. “Premium rates are now moderating, …
Insurance carriers and restoration teams face a cascade of challenges. The increasing frequency and severity of climate-induced catastrophes, such as Hurricanes Helene and Milton, have pushed some carriers out of high-risk areas, which has played a part in the 17.4% …
A projected 79.9 million U.S. travelers will head 50 miles or more from home over the Thanksgiving holiday travel period, an increase of 1.7 million compared to last year and 2 million more than in 2019, according to the American …
Gunmaker Sig Sauer Inc. was ordered by a Pennsylvania jury to pay $11 million to a customer who alleged defects in one of the company’s pistols led it to go off without him pulling the trigger. Jurors in state court …
The U.S. Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a multibillion-dollar lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica. Investors claim the company, then …
ATI Restoration named Norm Escover general counsel. Escover has more than 30 years of legal and operational experience across the construction, energy and industrial sectors. Before joining ATI, he served in multiple executive roles at NAES Corp. His career also …
Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party service included an …
Snow and ice are disrupting transport and straining power grids, after the first major storms of the winter season hit northern Europe. Northern France is under a orange weather warning, after Storm Caetano left as much as 20 centimeters (8 …
Cargo theft tends to pick up over the Thanksgiving period, an analysis warns. According to a supply chain analysis by CargoNet, 174 significant theft events typically take place during a six-day window from the Tuesday before Thanksgiving through the following …
McKinsey & Co. is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm’s work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar …