December 5, 2024
Insured losses from natural catastrophes are on track to exceed $135 billion in 2024, with at least two-thirds of this year’s insured losses attributable to the U.S., according to Swiss Re. It’s the fifth straight year natural catastrophe-driven insured losses …
December 5, 2024
Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organization showed on Thursday. EVs now have 42% more problems than their gas-powered counterparts, down …
December 5, 2024
Austin Tanner, a claims adjuster and aspiring country singer from Alabama, has been confined mostly to his home and must wear an ankle monitor after he violated the terms of his bail bond and traveled to the Country Music Awards …
December 5, 2024
Chinese hackers compromised eight American telecommunications companies as part of a wide-ranging espionage effort to gather intelligence about prominent US citizens, Biden administration officials said Wednesday. Anne Neuberger, deputy assistant to the president and deputy national security advisor for cyber …
December 5, 2024
An influential coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets called on regulators to mandate corporate disclosures of so-called Scope 3 emissions. The Net-Zero Asset Owner Alliance said in a report published on Wednesday …
December 5, 2024
Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John …
December 5, 2024
Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …
December 5, 2024
A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate Change …
December 5, 2024
A town in North Carolina sued utility firm Duke Energy on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state capital …
December 4, 2024
Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss of $32.1 billion last year. According …