Mexico’s Sheinbaum Threatens to Sue Google Over ‘Gulf of America’ Maps Change Mexico President Claudia Sheinbaum threatened a civil lawsuit against Google for renaming the Gulf of Mexico to Gulf of America... Read More
Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that... Read More
Insurers Have Now Paid out $6.9B for LA Wildfires, Report Shows Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los... Read More
Editor's Picks FEMA to Borrow $2B to Pay Flood Claims After Hurricanes Helene and Milton The Federal Emergency Management Agency said it needs to borrow $2 billion from the U.S. Treasury to cover claims from... Read More
NHTSA Launches Engineering Analysis into 129K Honda Vehicles The U.S. National Highway Traffic Safety Administration said on Thursday it has opened an engineering analysis into 129,092 U.S. Honda... Read More
Mercury Expects to Lose $1.6B to $2B from LA Wildfires Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation... Read More
Sedgwick Promotes Siva to Chief Operating Officer in Canada Sedgwick named Kuma Siva chief operating officer in Canada. Siva has more than 20 years of experience in the insurance... Read More
Musk’s X Agrees to Pay $10M to Settle Trump Suit, WSJ Reports Elon Musk’s social media platform X has agreed to pay about $10 million to settle a lawsuit that U.S. President... Read More
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but... Read More
Lawsuit Accuses Owners of International Bank of Multimillion-Dollar Fraud Scheme An international bank based in Puerto Rico has been sued for fraud over an alleged scheme that attorneys say led... Read More