Risk
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Following the "paradigm-shifting" Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that "wildfire is no ...
Mercury Insurance’s Climate Science Team Aims to Say ‘Yes’ to High-Risk Areas
Mercury Insurance, headquartered in Los Angeles, Calif., appointed Steve Bennett as its senior director of climate and catastrophe science. In this new position, Bennett will build and lead a team ...
Whole Foods Supplier Hack Leaves Empty Shelves, Stalls Forklifts
United Natural Foods Inc., a grocery distributor for Amazon Inc.'s Whole Foods Market, is working to bring systems back online by June 15 and resume product deliveries after a cyberattack disrupted ...
Selling the Right to Sue
Having already paid out billions of dollars in claims related to the Eaton fire, more than 100 insurers have filed lawsuits against Southern California Edison to recoup these costs, alleging the ...
Goldman Sees Autonomous Vehicles Transforming Insurance World
The rise of autonomous vehicles will force a reconfiguration of the $400 billion U.S. auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about ...
UK Retailer Resumes Online Orders After 46-Day Cyberattack Pause
British retailer Marks & Spencer resumed taking online orders for clothing lines on Tuesday after a 46-day hiatus following a cyberattack. M&S said last month it expected online disruption to ...
Faulty Door Trim Prompts Ford Recall Nearly Half a Million Explorers
Ford is recalling nearly half a million older Explorer models because part of the door trim can detach while driving and cause a dangerous road hazard, U.S. auto safety regulators said Wednesday. A ...
How Insurers Can Leverage Agentic AI as Public Data Disappears
The property/casualty insurance sector has long operated on a foundation of robust data analytics, with public sector information serving as a cornerstone for risk assessment, premium pricing, and ...