losses News

Judge Agrees to Ask State Supreme Court About Barriers to $4B Hawaii Wildfire Settlement

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 …

Halliburton Sees Unlikely Material Impact From Cyberattack

Halliburton Co., the world’s largest provider of fracking services, said a recent cybersecurity attack that’s disrupted its business is unlikely to materially impact its finances or operations. The Houston-based company continues to evaluate the nature and scope of the breach …

Western States Top Wildfire Risk Scores in New Analysis

California, Oregon, Colorado, Washington and Arizona are the states most at risk for wildfires, earning an “F” rating, according to a new analysis by Guidewire detailing wildfire risk in the U.S. at local, state, and national levels. Guidewire’s HazardHub data …

Climate Change Intensified Typhoon Shanshan, Study Says

Typhoon Shanshan, which struck southern Japan last week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London. Researchers with the university teased out the contribution of global warming to …

Main Street America Insurance Exits Personal Lines

Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire said it is “tightening” its focus and …

Cargo Theft Increases Heading into Labor Day Holiday, Report Shows

While workers are taking a break to celebrate a holiday that honors labor, crooks will be laboring to take advantage of that time off. Cargo theft activity typically spikes on the days preceding and following Labor Day weekend, according to …

Southern California Edison Seeks to Recover $1.6B of Wildfire-Related Losses

Southern California Edison, a unit of utility Edison International said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the …

Chinese Hackers Exploited Bug to Compromise Internet Companies, Cybersecurity Firm Says

A Chinese hacking group exploited a software bug to compromise several internet companies in the United States and abroad, a cybersecurity firm said on Tuesday. Researchers at the firm Lumen Technologies said in a blog post that the hackers took …

Robots Are Starting Fires in California — and That’s a Good Thing

Cody Chiverton has spent the past decade lighting fires. As a former firefighter with the U.S. Forest Service, he participated in dozens of prescribed burns across the American West, in which fire-prevention teams would carry drip torches to ignite dry …

Chinese Hackers Breach U.S. Internet Firms via Startup, Lumen Says

The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has breached four US firms, including internet service providers, and …