Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial …
The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get back to serving the public. …
It’s become a hurricane-season ritual in the Southeast: When a storm threatens, coastal residents board up homes, load up SUVs and fill highways where the traffic lanes are reversed to offer a speedy escape inland. For some people, Hurricane Dorian …
The Tennessee Valley Authority, long respected for providing good jobs and cheap electricity, is facing a growing backlash over its handling of a massive coal ash spill a decade ago, with potentially serious consequences for an industry often opposed to …
The U.S. Centers for Disease Control and Prevention is investigating a “cluster” of lung illnesses that it believes may be linked to e-cigarette use after such cases were reported in 14 states. The CDC said there was no evidence that …
ANAHEIM, California — Seven months into the administration of Gov. Gavin Newsom, employers in solid-blue California are still waiting to see how well the workers’ compensation reforms championed by his predecessor will fare under new leadership. So far, so good, …
Catastrophe modeling firm, Karen Clark & Co. (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate on its high …
For the second time, a federal appellate court reversed a trial judge’s finding that a policy issued by a unit of American International Group did not limit coverage for a 2011 flood that forced the company to shut down an …
In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail breached $19 billion in inflation-adjusted …
If Big Brother isn’t watching, maybe his little sister is listening. An international law firm has filed a federal lawsuit against Amazon.com Inc., alleging that the company’s Alexa virtual assistant product violated privacy laws in Massachusetts and seven other states …