risk News

The Top 15 U.S. Metros with High Exposure to Wildfire Risk

The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over the past 30 years, …

Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks

A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re. The report, “A Kaleidoscope of Possibilities: Preparing for Ivan Wiper,” focuses on the consequences of …

2024 Wildfire Forecast Calls for ‘Below Average’ Season

The approaching wildfire season may bring hazardous air quality from blazes burning across the U.S., but it’s expected to be below the historical average in terms of the number of fires and acres burned. AccuWeather’s forecast for the 2024 wildfire …

Small Businesses See Stable Business Climate; Cite Cybersecurity as Top Threat

The first quarter Small Business Index, which measures small business owner confidence, is 62.3—similar to last quarter’s score of 61.3—reflecting a stable business climate. More small businesses see an improving economy, which drove the headline score up one point. One …

Texas Among Several States Facing New Fire Risks: Weather Watch

More than 2.5 million people in the US face critical fire weather conditions on Monday as dry winds sweep parts of New Mexico, Colorado, Kansas, Oklahoma and Texas, which had the largest fire in the state’s history earlier this year. …

US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting

It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia. Just in the first three months of the year, more than 2,669 …

Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries

Executive Summary: While the advancement of technology in electric vehicles and other lithium-ion powered goods facilitates energy transition from fossil fuels, the fire risks associated with such products need proactive management, writes Dr. William Moore, global loss prevention director, The …

US, Britain Announce Formal Partnership on Artificial Intelligence Safety

The United States and Britain announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington …

Study: Homes in Idaho, Florida, Nevada Gained Most Value in the Last Decade

Idaho topped the list of states where homes gained the most value over a decade, a study using Zillow data shows. Idaho, with an average 171.03% increase in average value from $159,567 in 2013 to $432,476 in 2023, was followed …

States Across the US Midwest Are on Alert for Tornadoes: Weather Watch

Storms and tornadoes are in the forecast for states across the Midwest in the US, with further weather warnings and advisories stretching further east. There is a moderate risk of severe thunderstorms — which could bring hail, tornadoes, and straight-line …