Aon, a prominent global professional services firm, has successfully completed a ‘historic’ parametric insurance program for the Government of Puerto Rico.
Farmers Insurance has become the latest company to restrict new homeowner policies in California due to soaring inflation and a surge in severe weather events, which have escalated business expenses. The decision, effective as of July 3, applies to new policies only.
Three people were killed, and another was seriously injured after a single-vehicle crash that caused the car to burst into flames in the parking lot of an elementary school Saturday night in Murrieta, authorities announced.
As many as 14 million people in the Northeast and New England were still under flood alerts this morning after a summer’s worth of rain fell in parts of New York, forecasters said.
A terrifying incident unfolded in Los Angeles County over the weekend as a major landslide caused the foundations of a dozen homes to shift, endangering the lives of residents and leaving the houses on the brink of collapse.
Roy Jackson was on his way home after running some errands. He was driving along State Route 1104 in Lexington about 5 minutes from his house when a driver heading in the opposite direction suddenly swerved into his lane.
Climatologists from Colorado State University have issued a revised forecast, predicting an above-average number of tropical storms and hurricanes this year due to unusually warm waters in the Atlantic Ocean.
Tesla is under scrutiny by the National Highway Traffic and Safety Administration (NHTSA) regarding the safety of its Autopilot and Full Self-Driving (FSD) systems. The NHTSA has demanded that Tesla provide additional data related to these systems or face significant fines.
Insurance companies have lost control of their claims frequency and the use of technology enabled claims instigation practices to drive more claims through litigation has become a significant social inflationary threat to the industry... .
Global reinsurance broker Gallagher Re released its latest 1st View renewals report, which highlights the trends and dynamics at the July 1 reinsurance renewals.
The promise of cars that drive themselves has been just over the horizon for years now -- one of those breakthroughs that’s always coming yet seemingly never arrives. That’s changing, though, and rapidly.
A California Court of Appeal decision in April could change the landscape for those defending bodily injury claims, potentially preventing defendants from obtaining the mental examinations that they are entitled to as a matter of law.
One of the largest development firms in New Orleans, whose high-profile projects have included the $530 million Four Seasons Hotel at the foot of Canal Street, has faced some serious "sticker shock" when it comes to its insurance premiums in the last couple years.
Verisk and the Coalition Against Insurance Fraud have recently published a study shedding light on the demographics and psychology of insurance fraud in the United States.
It’s been less than a decade since Colorado became the first U.S. state to legalize recreational marijuana. Today, it’s legal to consume in 25 U.S. states and territories, as well as in Washington, D.C. But in most of these regions, recreational cannabis use has been legal for less than five years.
