Risk
Insured Losses From Natural Disasters Hit $140B in 2024
Insurers saw the third most expensive year for natural catastrophe losses in 2024—reaching a total of $140 billion—as climate change "is showing its claws," according to Munich Re. Overall ...
Musk’s Massive Tesla Lithium Plant Hunts for Water in Drought-Hit Texas
Twenty miles outside Corpus Christi, Texas—an area so dry the local water company distributes shower timers at high school football games—the world's richest man is nearly done building a lithium ...
Idaho Lab Trains Firefighters on EV Battery Safety
An EV battery workshop, held by the Idaho National Laboratory (INL) for firefighters from four eastern Idaho fire departments, highlighted the risks associated with electrical vehicle (EV) batteries. ...
California Wildfires Declared Federal Disaster: FEMA
FEMA announced yesterday that federal disaster assistance is available to the state of California to supplement recovery efforts in the areas affected by wildfires and straight-line winds from Jan. ...
Why All the Fuss? Fairness Regulations Meet Insurers’ Growing Use of AI
Insurers worldwide are increasingly embracing artificial intelligence (AI) and machine learning (ML) powered decision support tools (Artificial Intelligence Systems or AIS)— both home-grown and ...
Large Floods Linked to Higher Death Rates From Multiple Causes: Study
Over the last 20 years, large floods were associated with up to 24.9 percent higher death rates from major mortality causes in the U.S. compared to normal conditions, a new study, published in the ...
U.S. Opens Probe of 2.6M Million Teslas Over Remote Driving Feature
The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in the United States over reports of crashes involving a feature that allows ...
Verisk Announces Wildfire Cat Model Under Review by CDI
Global analytics tech provider Verisk announced it has requested a review of its wildfire catastrophe model by the California Department of Insurance (CDI). This follows California Insurance ...