Risk
Lightning Sparked Wildfire Devastates Historic California Gold Mining Town, Homes
One of nearly two dozen fires burning across Northern California on Wednesday scorched homes in a Gold Rush town settled in the 1850s by thousands of Chinese miners who had faced discrimination and ...
Hurricane Kiko,Tropical Storm Lorena Gain Strength Over Pacific Ocean
Two tropical cyclones in the eastern Pacific Ocean gained strength earlier this week as they churned at sea, with one expected to bring heavy rain to Baja California and parts of Arizona, forecasters ...
Fire Following Earthquakes: What’s the Risk to Insurers?
While most homeowners and commercial property owners may not purchase earthquake insurance, standard insurance policies provide coverage for fire damage, including any fire losses that may result ...
‘Do Not Drive’ Recalls Spike 65% Since Summer 2024
The number of critical "Do Not Drive" recalls has jumped more than 65 percent since the summer of 2024, to 725,000, according to newly released CARFAX data. Automakers working with the National ...
Lawmakers Say Trains Carrying Flammable Cargo Should Be Subject to More Safety Rules
When a BNSF freight train carrying six cars of liquefied petroleum gas derailed near Manuelito, New Mexico, in 2024, the resulting fire shut down more than 100 miles of an interstate highway. The ...
Insurers Face Average Annual Loss of $152B From Natural Catastrophes: Verisk
Verisk estimates that the global insured average annual property loss (AAL) from natural catastrophes has risen to $152 billion, with two-thirds of potential losses coming from frequency perils such ...
Insurance Fraud Linked to Identity Theft Likely to Rise Significantly in 2025: NICB
The use of identity theft in insurance crime is expected to rise by 49 percent by the end of 2025, according to the National Insurance Crime Bureau (NICB). The insurance fraud watchdog analyzed ...
Texas, California Lead States in Cargo Theft Activity Over Labor Day Weekend
New analysis indicates cargo theft reaches new heights during Labor Day weekend, according to Verisk CargoNet. Labor Day thefts over the past five years have shown an escalation in theft over the ...