US aviation safety regulators will allow fewer flights at Newark airport after technology outages and a staffing crunch fueled a surge in delays and cancellations in recent weeks. The US Federal Aviation Administration said it will permit a maximum of …
FAA Cuts Newark Flights After Air Traffic Control Issues Read More »
Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years. Higher prices explained much of the …
Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024 Read More »
The Mexican navy tall ship that struck the Brooklyn Bridge was underway for less than 5 minutes before its masts crashed into the historic span, and radio calls indicating it was in distress went out only 45 seconds before the …
Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge Read More »
Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations. The British retailer will try to mitigate the impact with …
Marks & Spencer Says Cyberattack to Cost £300 Million Read More »
Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios. The deal values itel at over $1.3 billion, including …
Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B Read More »
The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as droughts and flooding, according to a new study. Those losses from adverse weather equate to about 6% of production, according …
Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks Read More »
New Jersey-based World Insurance Associates, one of the larger brokerages in the country, has continued its expansion plans with the recent acquisition of two agencies in South Carolina, the firm announced this week. Owens Insurance Agency, in Greer, and Stokes …
World Insurance Adds Two Agencies in South Carolina Read More »
Alphabet’s self-driving unit Waymo said on Monday it received approval from California to expand its robotaxi operations in more areas of the San Francisco Peninsula and further south, including San Jose. Waymo’s permission from California comes as Tesla gears up …
Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area Read More »
The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. Majority Leader …
A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, according to AccuWeather preliminary estimates. More than 70 tornadoes have been reported since May 16. Authorities say …
Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says Read More »
