Risk
Verisk: Insured Losses From 7.5M Japan Quake Between $1.8B and $3.3B
The Extreme Event Solutions business unit of Verisk estimates insured property losses resulting from the Jan. 1, 2024, 7.5 magnitude Noto Earthquake will range between $1.8 billion and $3.3 billion ...
Early 2024 Atlantic Hurricane Forecast Predicts Highly Active Season
An early forecast of the 2024 Atlantic hurricane season by Tropical Storm Risk (TSR) suggests it will be an intensely active season with "activity about 30 percent above the 1991-2020 30-year norm ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Derailment Injuring More Than 20 Prompts Feds to Review Entire NYC Subway System
Federal transit safety investigators will be reviewing all of New York City's subway operations in response to a collision and derailment that caused minor injuries to more than 20 people, the ...
Overwritten Alaska 737 Cockpit Voice Recorder Data Renews Industry Safety Debate
The cockpit voice recorder data on the Alaska Airlines Boeing 737 MAX 9 jet which lost a panel mid-flight on Friday was overwritten, U.S. authorities said, renewing attention on an industry call for ...
Guards Hired to Monitor Businessman’s Other Sites Under L.A. Freeway
More than a month after an arson fire at a storage yard damaged a key Los Angeles freeway, the state has hired security guards to watch out for smoke and other trouble at three additional sites ...
Latest Japan 7.5M Earthquake Estimated at $6.4B in Total Insured Losses
The 7.5 magnitude earthquake that struck off the west coast of the island of Honshu in Japan on Jan. 1, 2024, will lead to an estimated $6.4 billion in total insured losses, according to Karen Clark ...
Air Traffic Communication Focus of Fatal Tokyo Runway Crash Probe
Investigators were focusing on communication between air traffic control and two aircraft at Tokyo's Haneda Airport on Wednesday, a day after a large passenger plane and a Japanese coast guard ...
Reports of Shoplifting in 2023 16% Higher Than in 2019
An increase in reported shoplifting incidents appear to be higher, in part, due to a rise of such crimes in New York City, posits a new report by the Council on Criminal Justice. Reported shoplifting ...