Risk
Lawsuit: Ship Owner Ignored Needed Repairs Before Baltimore Bridge Collapse
The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse recklessly cut corners and ignored known electrical problems on the vessel, the Justice Department alleged ...
Over 250,000 U.S. Properties Have Repeat NFIP Claims: Report
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data ...
Historic Rainfall Inflicts Chaotic Floods Across Four Continents
Severe rains bucketed down on central Europe, Africa, Shanghai and the U.S. Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different ...
AI-Assisted Insurance Fraud on the Rise: UK Report
There's been a rise in AI -driven insurance fraud in the UK, as observed by claims handlers, according to fraud-prevention platform Sprout.ai and a survey conducted by Censuswide in July 2024. The ...
2024’s U.S. Tornado Count Ranks as One of the Highest
The year-to-date estimated tornado count for the U.S. is 1,597, which ranks 2024 among the highest tornado counts on record for the same January-August period, according to preliminary data from ...
Signs of Climate Change Seen Globally: Floods, Fires, Drought
The hallmarks of climate change—extreme heat and drought; larger, more intense wildfires and supercharged hurricanes, typhoons and rainstorms that lead to catastrophic flooding—are being seen and ...
Exploding Pagers in Lebanon Spur Theories on Sabotage Method
From the moment pagers began exploding across Lebanon Tuesday, theories began to circulate on how devices considered outmoded in much of the world were turned into dangerous weapons that killed ...
Maine State Leaders Consider Public Flood Insurance
State leaders tasked with reviewing Maine's preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for ...