Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on the sector’s landscape. Moody’s shared that the market is …
U.S. nuclear verdicts are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023, according to Swiss Re executives. Social inflation in U.S. rose to 7% in 2023 – a 20 year high – …
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida-based company that handles credit …
A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported this week. The …
The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property. RL New Brunswick Owner LLC, …
One forecast calls for Francine to intensify into a Category 2 hurricane in the next 24 hours before hitting the Louisiana coast with storm surge of up to 15 feet, while a catastrophe modeler says the surge could cause flooding …
The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters inside commuter buses talk …
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 …
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 …
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 …