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 …
A Philadelphia appeals court has upheld the $43.5 million award to former Philadelphia Eagles’ special teams player and captain Chris Maragos in his medical malpractice claim alleging that failed treatment of a knee injury ended his National Football League (NFL) …
The property/casualty insurance industry is contributing to improved cyber hygiene in the U.S., a survey of insurers, agents, and brokers conducted by the American Property Casualty Insurance Association and the Council of Insurance Agents & Brokers shows. The survey responses …
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …
Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. Most of the 19 …
Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the …
Ransomware groups increased their activity significantly in the second quarter, new report from a Travelers subsidiary shows. The report from Corvus Insurance details attacks against 1,248 victims, a 16% increase from the previous quarter. The company’s Q2 2024 Cyber Threat …
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year’s devastating Maui wildfires. Judge Peter Cahill on Maui agreed to ask the state high court questions …
Trust impacts customer satisfaction, loyalty and brand advocacy more than other factors when small businesses choose a commercial insurance provider, a new survey shows. A J.D. Power 2024 U.S. Small Commercial Insurance Study showed that among small businesses with the …