Risk
Insuring Emerging Risks in Era of Rapid Technological Change
The casualty insurance industry is currently facing an almost unprecedented number of large litigations that could drive insured losses into the tens of billions of ...
American Corporations Boost Security Spending After UnitedHealth Murder
U.S. corporations have been ramping up their security spending, but following the murder of UnitedHealth executive Brian Thompson that expenditure is set to rise further in 2025 as more companies see ...
New Rules for Reporting Self-Driving Crashes Could Benefit Tesla the Most
Rule changes announced by the Trump administration this week could allow automakers to report fewer crashes involving self-driving cars, with Tesla potentially emerging as the main beneficiary. The ...
Draft Memo Indicates FEMA Plan Requires Nearly All Staff Be Deployed
The U.S. agency that manages disasters plans to require nearly all employees, including full-time headquarters and regional staff, to be deployed to emergency zones, according to a draft memo to ...
750,000 Takata Airbags Replaced in 12 Months; 5.7M Cars Still At Risk
More than a decade since the National Highway Traffic Safety Administration (NHTSA) launched a nationwide recall of Takata airbags, 5.7 million vehicles across the U.S. still carry these defective ...
Cyber Crime Costs Increased to $16B in 2024
Cyber crime of all stripes cost victims globally more than $16 billion dollars last year, the Federal Bureau of Investigation said in a report released on Wednesday. The figure were collated by the ...
Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Areas of California
Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state's ...
Dog Bite Claims Soar in Frequency and Cost: Report
Insurers in the U.S. paid out $1.57 billion in dog-related injury claims in 2024, according to data compiled by the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite ...