Articles by Joel Scata

In the Dark: Telling The Truth About Flooding Requires Accurate Maps and Strong Disclosure Laws

Hundreds of thousands of Americans already live in homes that have repeatedly flooded. To get a good handle on the extent of those losses, check out the Federal Emergency Management Agency’s web page that hosts an extensive dataset with information …

Competition Fueled by Strong Cyber Insurance Profitability, Pricing Declines

The cyber insurance market is being set up for continued strong growth, propelled by an increasing number of severe cyber-attacks, more competition and price declines, a new Moody’s report shows. The cyber market has seen moderate pricing declines, and some …

NTSB Probe of Jeep Engine Fire Reports Could Affect 781K Vehicles

Stellantis NV said it’s cooperating with U.S. authorities investigating reports of Jeep engines catching fire, in a potential setback for the company that’s trying to reverse a drop in market share in North America. The National Highway Traffic Safety Administration …

Storm Surge and Flooding Threaten as Francine Approaches U.S. Gulf Coast

Meteorologists say Francine could produce life-threatening storm surge and dangerous flash flooding across parts of coastal Louisiana, Texas and Mississippi as it approaches the Gulf Coast. AccuWeather meteorologists say the shallow continental shelf makes the Gulf coast “extremely vulnerable to …

Investors in $1 Billion Crypto ‘Skyscraper’ Scheme to Get Repaid in Settlement

Texas and four other states have reached a settlement with operators of an alleged $1 billion illegal cryptocurrency investment scheme highlighted by tokenized partial ownership of a skyscraper, according to the Texas State Securities Board. The regulators are hoping to …

Storm Forming in Gulf of Mexico Forecast to Hit U.S. as Hurricane

A tropical storm forming in the southwestern Gulf of Mexico is threatening to unleash powerful winds and heavy rain as it makes its way toward the US where it will likely hit Wednesday as a hurricane. The system already has …

Stellantis Recalling 1.46 Million Vehicles Worldwide

Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from …

Fast-Growing California Wildfire Threatening 35,000 Structures

A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000 homes and buildings at risk. The Line fire near San Bernardino more than quadrupled in size over the weekend, prompting …

Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC

Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada. About 228,000 home, auto and business insurance claims have been …

U.K. Trader Loses Lawsuit Against Deutsche Bank Over Bonus Dispute

A former Deutsche Bank trader on lost her London lawsuit against the bank for just over 2.6 million pounds ($3.4 million) after she was not paid an individual bonus nearly a decade ago. Shikha Gupta worked until 2017 for Deutsche …