Moody’s RMS issued estimates on Tuesday showing economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii at $4 billion to $6 billion. The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, …
Shelter Insurance Companies announced the retirement of current President & CEO Randa Rawlins effective April 30, 2024. Rawlins became President on January 1, 2021, and added the CEO title on July 1, 2021. Her retirement will bring an end to …
MONTICELLO, Minn. (AP) – The energy company responsible for leaking radioactive material from its nuclear plant in Monticello, Minnesota, in recent months has announced that it will build an underground metal barrier to keep affected groundwater away from the nearby …
Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail and wildfires linked to climate change become more frequent. Munich Re has put the total global insured costs of natural-catastrophe …
A Department of Labor lawsuit claims a Tyler, Texas pipe manufacturer violated federal whistleblower protections after the company fired an employee because they requested to use a respirator to protect them from smoke and fumes in the work area. The …
When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back toward the beleagured primary …
Wright National Flood Insurance Services introduced FocusFlood, the company’s newest product and an extension of its popular ResiFlood program, into Florida, Texas, New Jersey, South Carolina and Louisiana. Written on a non-admitted basis, FocusFlood is the latest proprietary private flood …
On an icy February morning in 2021, slippery roads and limited visibility prompted a chain reaction of crashing cars on Interstate 35W in Fort Worth, eventually leading to a pileup of 133 vehicles that left six people dead. State Rep. …
Japan said on Tuesday it will start releasing into the sea more than 1 million metric tons of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, going ahead with a plan heavily criticized by China. …
The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close-call aviation incidents. Earlier this month, the FAA and National Transportation Safety Board …
