The Missouri Department of Commerce and Insurance (DCI) reported Thursday that severe weather has already caused nearly $1.6 billion in damage throughout the state this year. “The insurance industry continues to respond and assist Missourians as they rebuild and repair …
Missouri’s 2025 Insured Losses From Severe Weather Approaching $2 Billion Read More »
Formerly licensed insurance agent was arraigned this week on multiple felony charges involving fraud for duping people to invest in a non-existent marijuana business. Matthew Evans, 36, of Palmdale, pleaded not guilty to multiple felony charges involving fraud, after a …
Former Insurance Agent Arraigned in Investment Scam for Fake Cannabis Business Read More »
California Insurance Commissioner Ricardo Lara is taking legal action against the California FAIR Plan Association for reportedly denying and limiting smoke damage claims from wildfire survivors. The California Department of Insurance filed an order to show cause against the FAIR …
California Commissioner Takes Legal Action Against FAIR Plan for Smoke Damage Claims Read More »
Tesla launched a ride-hailing service in the San Francisco Bay Area on Thursday, without indicating whether it would be using self-driving vehicles that power its Austin, Texas operations. California has not permitted Tesla to offer robotaxi service, and the limited …
No Mention of Robotaxi as Tesla Launches Ride-Hailing in San Francisco Read More »
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the inclusion of severe convective storm (SCS) industry loss reporting for Europe (Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Switzerland, United Kingdom), Japan and New Zealand. …
PERILS Offers Severe Convective Storm Loss Reporting for Europe, Japan, New Zealand Read More »
Willis Towers Watson beat Wall Street estimates for second-quarter profit on Thursday, driven by a strong performance in its risk and brokerage business. Despite rising premium costs, businesses increased spending on insurance products as they prioritized financial protection in response …
Broker WTW Beats Q2 Profit Estimates on Robust Product Demand Read More »
The air-traffic control outage that disrupted UK flights on Wednesday afternoon was caused by an unspecified radar-related issue, leading to more than 150 canceled flights in one of the busiest travel periods of the year. The service interruption resulted in …
UK Air-Traffic Outage Caused by Radar Canceled 150 Flights Read More »
The Oklahoma Insurance Department (OID) has announced 63 zip codes across the state for the third and final pilot launch of OKReady, the Strengthen Oklahoma Homes program. A list of the third pilot zip codes can be found on the …
Oklahoma Announces New Zip Codes for Fortified Homes Program Read More »
Overall numbers of securities class actions filed in the first half of 2025 are in line with last year, but artificial intelligence- and cryptocurrency-related filings are on the rise. According to a report by Cornerstone Research in collaboration with the …
AI, Crypto Securities Class Actions on Track for Highs in 2025: Cornerstone Read More »
Orlando plans to borrow more than $420 million to renovate Camping World Stadium, joining a wave of Florida cities pouring public funds into stadium projects. The city plans to sell about $420 million of tax-exempt bonds on Thursday to modernize …
Orlando Joins Florida’s Stadium Boom With $420 Million Bond Sale Read More »
