Deadly storm Florence moved across western North Carolina early on Monday and continued to dump rain that has nowhere to go except to swell rivers, flood highways and homes, and threaten more lives as it heads towards Virginia and New England.
A potentially devastating Hurricane Florence is rumbling toward the Carolina coast this weekend, but for as historic as each new storm seems to be, insurers are preparing in relatively typical ways like activating additional staff in preparation for an onslaught of claims.
Hurricane Florence is making landfall in North Carolina, creeping ashore at 6 mph — but bringing winds of 90 mph, a massive storm surge, and a rain system that will soak much of the state and South Carolina for days. Forecasters warn of "life —threatening, catastrophic flash flooding."
Dozens of explosions and fires rocked city blocks across several communities north of Boston on Thursday, prompting evacuations of numerous neighborhoods where gas odors were present, Massachusetts state police reported.
The California Department of Insurance has issued a cease and desist order to the National Rifle Association, alleging that the NRA marketed an insurance product in California without a license.
General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.
Artificial intelligence is the new electricity. We hear it will fundamentally shift the balance of power between labor and capital, mostly by rendering labor obsolete. It will enable and empower transformative technologies that will rearrange the sociopolitical landscape and may lead to humanity’s transcendence (or extinction) within our lifetimes.
Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let employees flee.
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding.
Claims is a people business — virtually every claims executive I have ever met believes this. If you have ever been in a vehicle accident, experienced damage to your home or business, or been injured in a work-related incident, one of the first things that comes to mind is: I need to talk to someone who can assure me that I have insurance coverage and that there will be resources, both financial and technical, to make me whole again.
More than a half dozen residents and businesses have filed a lawsuit against the Durango & Silverton Narrow Gauge Railroad accusing it of starting the 416 Fire that scorched 54,129 acres of mostly U.S. Forest Service land.
Cybersecurity is back in the news as banks, insurers and other financial entities faced another tough compliance hurdle in New York.The Sept. 4 deadline brought another host of requirements contained within New York’s tough cybersecurity initiative approved last year.
As Hurricane Florence bears down on the southeastern United States, nearly 759,000 homes are in the storm’s path, and a worst-case rebuilding scenario could cost more than $170 billion, according to an estimate from real estate data provider CoreLogic.
