Risk
Risks Too Big for Insurers Just Fed a $200B Market Boom in Captives
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive ...
As Traffic Deaths Remain High, U.S. DOT Awards $1B for Road Safety Projects
The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic ...
Report Finds Grenfell Tower Was a ‘Death Trap’ Due to Government, Industry Failures
A damning report on a deadly London high-rise fire concluded Wednesday that decades of failures by government, regulators and industry turned Grenfell Tower into a "death trap" where 72 people lost ...
Embrace Pet Insurance Releases Q2 2024 Results, Most Expensive Claim is 4th Highest Ever
Embrace Pet Insurance releases its Q2 2024 Insights report, revealing the most expensive claim paid in 2024. The quarterly report highlights trends in pet health insurance claims and identifies ...
IBHS: Parcel, Community Level Mitigation Needed to Avoid Catastrophic Wildfire Devastation
A new report highlights the need for action at both the parcel and community levels to reduce the likelihood of catastrophic conflagration during wildfires, according to a report by the Insurance ...
U.S. Auto Safety Agency Reports 28th Death Due to Airbag Inflators
The National Highway Traffic Safety Administration said on Tuesday it had confirmed the 28th death in the United States stemming from defective Takata airbag inflators since 2009. The issue has ...
California Legislation to Ban Deepfakes, Protect Workers and Regulate AI Approved
California lawmakers approved legislation last week aimed at regulating the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving ...
AAA: Driving Habits Stabilize Since Pandemic, But Older Cars Pose Safety Issues
The results of the 2023 American Driving Survey reveals that overall driving patterns have rebounded from the COVID-19 pandemic, according to the AAA Foundation for Traffic Safety. The percentage of ...