Editor’s Picks

New Fire Maps Put Nearly 4M Californians in Hazardous Zones

New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …

NHTSA Investigataing 1.3M Ford F-150 Trucks Over Unexpected Gear Shift

The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a temporary rear wheel lock-up. NHTSA said Monday it is opening a …

Wall Street Brokers Start Trading Insurer Claims From LA Fires

Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …

Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in US Vehicle Thefts

Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative. Hyundai 005380.KSand Kia 000270.KS cars …

Employee Whiffs on Workers’ Compensation Claim for TopGolf Injury

An employee who claims he injured his knee while swinging a club during an employer-sponsored TopGolf event has failed to qualify for workers’ compensation benefits. The Virginia Workers’ Compensation Commission recently upheld the denial of benefits for the injured employee …

Extreme Weather in 2024 Forced Most People to Flee in 16 Years

Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report. Tropical cyclones were responsible for many of …

California Insurance Commissioner Provisionally OK’s State Farm’s 22% Rate Request

California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of Insurance announced on Friday. The approval is on the provision that the company can justify the hike with data in …

State Farm, Consumer Group Battle Ahead of Insurance Commissioner Decision

Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California …

North Sea Ship Collision Could Cost Insurers up to $100M, Hitting Marine Line Profits

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …

Insurers Have Paid $12B in Claims for LA Wildfires, Report Shows

Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January. California Insurance Commissioner Ricardo …

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