Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run of wild weather on the nation’s east coast leaves a trail of destruction. Severe storms have lashed Victoria since October, …
A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three percent of respondents to the property and casualty insurance …
Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year average of US$105 …
After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance themes to look …
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up …
OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the newspaper’s complaint was “not telling the full story” about its use of Times data. The suit, filed in December, claims …
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …
In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes that curbed claims litigation and costs. …
A top federal transportation safety official on Thursday harshly criticized Washington’s regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service. A final National …
More than a month after an arson fire at a storage yard damaged a key Los Angeles freeway, the state has hired security guards to watch out for smoke and other trouble at three additional sites beneath Interstate 10 that …
