Editor's Picks Fall Forecast Calls for Stubborn Heat, Increased Wildfire Risks, Severe Weather 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 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 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 The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277... Read More
Moody’s Eyes Downstream Impact of CrowdStrike Disruption on Cyber Insurance Most losses from the CrowdStrike outage will be business interruption, a primary contributor to losses from cyber incidents—and because the... Read More
Editor's Picks AM Best: Migration to Cat-Prone States Fueled Record HO Underwriting Losses in 2023 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in... Read More
Editor's Picks Meta to Pay $1.4B to Settle Texas Facial Recognition Data Lawsuit Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of... Read More
Wells Fargo Sued Over Drug Costs in Employee Health Plan Wells Fargo & Co. was accused of overpaying for prescription drugs by former employees, who claim mismanagement of the bank’s... Read More
Editor's Picks AccuWeather: Tropical Threat Developing in Atlantic Could be Next Named Storm Debby could be the next name most frequently out of the mouths of hurricane watchers and emergency responders. Meteorologists tracking... Read More
California Wildfire Has Burned 599 Square Miles, Destroyed 165 Structures Containment has increased on a fire that exploded in size and in a few days became California’s sixth largest wildfire,... Read More