Travelers Companies today released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter, and expects to report net income of $819 million for the last three months of 2022. Travelers said catastrophe losses were primarily caused …
A 3D printer is taking home building to a new level — literally. The enormous printer weighing more than 12 tons is creating what is believed to be the first 3D-printed, two-story home in the United States. The machine steadily …
California announced it will sue the companies that make and promote most of the nation’s insulin, accusing them of scheming to illegally increase the price of the drug and demanding they return millions of dollars to some diabetics who state …
Relentless storms from a series of atmospheric rivers have saturated the steep mountains and bald hillsides scarred from wildfires along much of California’s long coastline, causing hundreds of landslides this month. So far the debris has mostly blocked roads and …
Private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states, according to AM Best. A new AM Best commentary notes the ongoing flooding issues in the state will present …
Elon Musk and Tesla Inc. are set to go to trial in San Francisco on Tuesday in a case where the company’s shareholders claim they were defrauded by Musk’s 2018 statement that funding was “secured” to take the electric car …
Miami authorities have arrested five people in connection with a staged auto accident scheme, a scheme that continued even after one of the participants confessed, a state official said. Five people were booked into the Miami-Dade County Jail last week …
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer’s divestment plans from non-core markets, according to people with knowledge of the matter. The Boston-based firm is working with JPMorgan Chase …
Five Connecticut police officers pleaded not guilty Wednesday to charges accusing them of cruelly mistreating a Black man after he was partially paralyzed in a police van with no seat belts when the driver braked hard. The New Haven officers …
An Alabama engine mechanic took refuge in a shipping container as a tornado decimated his shop and killed two of his neighbors along its destructive path across Alabama and Georgia. The harrowing stories of David Hollon and other survivors of …
