The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of initiatives to help insurers offer affordable, …
California’s new take on wildfire loss models, and what this means for property insurers Read More »
A federal appeals court has decertified a class of plaintiffs in a South Carolina lawsuit alleging that Progressive Insurance undervalued total-loss vehicles, the latest turn in multiple, similar suits against U.S. auto insurers. The U.S. 4th Circuit Court of Appeal …
Federal Appeals Court Decertifies SC Class Action on Undervalued Totaled Vehicles Read More »
Containment has increased on a rural California wine country wildfire that was burning out of control and threatening thousands of properties. The Pickett Fire exploded in the Napa Valley last week, prompting evacuations from area wineries and rural neighborhoods. The …
Containment Increases on California Wine Country Wildfire Read More »
A U.S. railroad industry plan to rely more heavily on technology instead of humans to conduct routine track safety inspections has drawn a backlash from labor groups and lawmakers who voiced worry that automated inspections will result in more accidents. …
Lawmakers, Unions Oppose Railroad Plan to Automate Track Safety Inspections Read More »
The patient with the first human infestation of travel-associated New World screwworm in the United States has recovered from the flesh-eating parasite, and there was no sign of transmission to other people or animals, the Maryland Department of Health said …
Maryland Screwworm Patient Recovered; Ranchers Criticize CDC Secrecy Read More »
Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – are maintaining their appetite for property-catastrophe risks as well as their ambitious profit targets for 2025 – despite signs of rate softening and hefty claims from …
‘Big Four’ Reinsurers Maintain Property-Cat Appetite, Despite Signs of Rate Softening Read More »
Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers. Musk’s X and xAI seek billions of dollars in damages in the suit filed …
Musk Sues Apple, OpenAI, Saying They Hurt AI Competition Read More »
Rapid falls in the level of the Caspian Sea are affecting ports and oil shipments and threatening to inflict catastrophic damage on sturgeon and seal populations, according to Azerbaijani officials. The Caspian, the world’s largest salt lake, holds significant offshore …
Azerbaijan Sounds Alarm Over Shallowing of Caspian Sea Read More »
Japan’s financial regulator plans to set up a division to oversee the asset management and insurance industries, as part of its efforts to drive improvements in the sectors. The new bureau would seek to advance the government’s goal of turning …
Japan FSA Plans New Division to Oversee Asset Managers, Insurers Read More »
Jazwares, the Berkshire Hathaway-owned maker of Squishmallows, has agreed to end a lawsuit against Build-A-Bear Workshop over its alleged knockoffs of the popular plush toys, according to a filing in Los Angeles federal court. Jazwares and Build-A-Bear asked the court …
Squishmallows Maker, Build-A-Bear Call Truce in Plush Toy Legal Battle Read More »
