The 2024 Atlantic hurricane season is fast approaching, and with preliminary forecasts predicting one of the most active seasons on record, there are plenty of how-to guides and checklists out there to help corporations and homeowners proactively prepare for what …
Issuance of catastrophe bonds just hit a record high, as the market braces for a rough hurricane season with the potential to do substantial damage. Sales of so-called cat bonds are 38% higher this year through May than over the …
Snowflake Inc. is trying to get its clients to impose stronger security controls as companies including Advanced Auto Parts Inc. and Live Nation Entertainment Inc. investigate potential data breaches. The cloud-based data analytics firm has said that hackers were targeting …
A gang leader who recruited other gang members and used violence, threats of violence, and extortion to take over the fire restoration business in New York City and defraud insurance companies has been sentenced to 12 years in prison. Jatiek …
Danish wind farm developer Orsted will pay New Jersey $125 million to settle claims over the company’s cancellation of two offshore wind farms last year — a little over a third of what the company once was required to pay. …
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The …
More than half a million electricity consumers are still without power in Texas and over one thousand flights were canceled after powerful storms charged along the Rio Grande late Tuesday. Across parts of Texas, and mostly in the east, 500,789 …
Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co. for business interruption losses it incurred during the coronavirus pandemic. The Fourth Circuit Court of Appeals last week upheld the …
Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The sources familiar …
The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without power caused upwards of $5-7 billion in total damage and economic loss, according to preliminary estimates by AccuWeather. Thousands of …