Twice as Many Personal Lines Insurers Downgraded by AM Best in 2023 March 12, 2024 AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number...
Record Rainfall Hits Charleston, South Carolina, Forcing Flood Rescues March 12, 2024 CHARLESTON, S.C. (AP) — A record-setting rainstorm flooded parts of Charleston, South Carolina, on Saturday, requiring emergency responders to help...
Generali CEO Says Insurer Has Financial Strength for M&A Deals March 12, 2024 By Sonia Sirletti Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according...
Meta Sues Former Employee Over Alleged Stolen Documents March 12, 2024 By Kurt Wagner Meta Platforms Inc. sued one of its former vice presidents for what it called a “stunning” betrayal in his defection...
Surfside Tower Garage, Pool Deck Had Faulty Support Columns, Prelim Report Shows March 12, 2024 FORT LAUDERDALE, Fla. (AP) — Federal investigators determining why a Florida condominium tower partially collapsed three years ago, killing 98...
Florida-Based HCI Group Reports Strong Gain in Q4 Earnings March 12, 2024 By Staff and Wire Reports TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported fourth-quarter earnings of $38.1 million, a significant improvement over...
Tesla Arson Case Shows Need to Protect Power Grid, Says German Utility Westenergie March 12, 2024 By Tom Käckenhoff German policymakers should team up with power grid operators to improve the response to incidents such as the arson attack...
Five People Die in Private Jet Crash in Rural Virginia Woods March 12, 2024 A small private jet crashed in woods and burned Sunday afternoon near a small airport in rural Virginia, killing all...
Australia Warns of Critical Financial Risks to Insurers and Banks From Climate Change March 12, 2024 By Ben Westcott Australia’s worsening climate change may see insurance companies and banks withdraw their services from communities vulnerable to extreme events, potentially...
NHTSA Opens Probe Into Emergency Braking Issues in Certain Honda Vehicles March 12, 2024 U.S. auto-safety regulators on Monday launched a preliminary probe into emergency braking issues in certain Honda vehicles following complaints of...