Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three consecutive years of severe losses, dwindling favorable reserve development …
People in more than 180,000 homes and businesses in California could find themselves in the dark as Pacific Gas & Electric again plans to shut off power in parts of 17 counties for up to two days, as a preventive …
Highway crash data from 2018 shows that overall fatalities from vehicle accidents in the U.S. declined 2.4%, marking the second year in a row with a reduction in deaths. The National Highway Traffic Safety Administration’s Fatality Analysis Reporting System (FARS) …
The U.S. Supreme Court let government officials press ahead with three lawsuits that accuse more than a dozen oil and gas companies of contributing to climate change. Without comment or published dissent, the high court Tuesday refused to block a …
A state judge has allowed Massachusetts’ four-month ban on the sale of all vaping products to stand as a legal challenge makes its way through the courts. Suffolk Superior Court Judge Douglas Wilkins in a decision Monday said lifting the …
U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows. The attempt …
Tremor, a Boston, Mass-based, programmatic insurance and reinsurance risk marketplace, has appointed Jeremy Ginter as the company’s new vice president of sales. Ginter brings more than fifteen years of experience in business development and sales to this new role where …
Velocity Risk Underwriters LLC has expanded its home insurance products and now offers coastal homeowners policies in New Jersey. This makes New Jersey the sixth state where the company offers homeowners insurance to coastal customers who may find it difficult …
EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse. As the …
The National Cyber Security Centre defended the U.K. from 658 cyber attacks in the year to October — many from hostile foreign states — with government departments most at risk from attack, according to its annual report. The organization revealed: …
