Hurricane Would Blow Through Florida Cat Fund’s Reserves. But That May be OK, Report Says August 1, 2024 By William Rabb A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s... Read More
CrowdStrike Sued by Shareholders Over Huge Software Outage August 1, 2024 By Jonathan Stempel CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing... Read More
Appian’s $2 Billion Verdict Against Pegasystems Overturned by Appeals Court August 1, 2024 By Blake Brittain Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival... Read More
Man Who Aided Former Adjuster in $268K Auto Insurance Fraud Scheme Sentenced August 1, 2024 A Colorado man who aided a former insurance claims adjuster in an auto insurance claims scheme was sentenced this week.... Read More
Study Shows Saharan Dust Plumes Impact Hurricanes in the U.S. August 1, 2024 Giant plumes of Sahara Desert dust that gust across the Atlantic can suppress hurricane formation over the ocean and affect... Read More
Editor's Picks Are Captives the Answer for Uninsured HOAs? Utah Opens Door August 1, 2024 By Susanne Sclafane When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information... Read More
Editor's Picks Fall Forecast Calls for Stubborn Heat, Increased Wildfire Risks, Severe Weather July 31, 2024 Summer heat is expected to last well into autumn across much of America, bringing an increased risk of wildfires and... Read More
Editor's Picks Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the... Read More
Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products July 31, 2024 Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears... Read More
Editor's Picks Wildfire in California Now State’s Fifth Largest on Record, Destroyed 277 Structures July 31, 2024 The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277... Read More