News

Texas County to Spend $20M on Harvey-Flooded Home Buy Out

County officials in the Houston area have decided to spend $20 million to purchase more than 200 homes flooded during Hurricane Harvey. The Harris County Commissioners Court voted Tuesday to use the funds to speed up the buyout process, the …

Appeals Court Panel Overturns $663M Guardrail Fraud Verdict

Three appeals court judges have overturned a $663 million fraud verdict against a company that makes guardrails found along many U.S. roads and highways. The panel of judges on the 5th U.S. Circuit Court of Appeals in New Orleans on …

Federal Regulators Remove AIG From Tougher Oversight

A panel of federal regulators has voted to remove insurance giant American International Group from the tougher government oversight that had been imposed on the company in the wake of its near collapse in 2008. The Financial Stability Oversight Council …

Switzerland Tests Drone Delivery in Urban Areas

Drones will help deliver toothbrushes, deodorant and smartphones to Swiss homes this fall as part of a pilot project, the first of its kind over a densely populated area. The drones will take items from a distribution center in the …

Hurricanes Reveal Need for More Catastrophe Adjusters

Back to back hurricanes coupled with retiring, experienced personnel has created a tight adjuster job market. From emails to online jobsites, there’s no shortage of firms advertising jobs for cat adjusters in the aftermath of Harvey and Irma. A recent …

HSB Survey: Half of U.S. Businesses Have Been Hacked

More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives released today by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. …

Michigan High Court Will Consider Girls Bonfire Injury at Century-Old Inn

The Michigan Supreme Court has agreed to look at the case of a 10-year-old girl who burned her foot on hot coals a day after a Lake Michigan beach bonfire. The century-old Watervale Inn in Benzie County could be liable …

Climate Change May Cost U.S. $1B a Day as Planet Heats Up

Stronger hurricanes, hotter heat waves, more frequent wildfires and more severe public-health issues are all adding to the costs of climate change, which will reach almost $1 billion a day in the U.S. within a decade, according to a report …

Citizens Estimates $1.23B In Insured Losses from Hurricane Irma

Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris …

Aggressive Firefighting Help Protect 2,000 Southern California Homes

Southern California firefighters saved nearly 2,000 homes from a powerful wildfire that burned up to the edges of suburban canyon neighborhoods. Crews hosed down blazing trees within a few feet of homes and one residence was damaged shifting winds sent …

News Archives by Month