Markets
Legalized Marijuana Linked With Higher State Crash Rates
Researchers report increasing evidence that motor vehicle crash rates rise when states legalize recreational use and retail sales of marijuana, although what effects marijuana itself has on drivers ...
New Florida Law on Reinsurance Becomes Effective July 1
A newly-enacted Florida law revises reinsurance statutes, providing insurers with credit for reinsurance and eliminating additional collateral requirements for a reinsurer if it is domiciled in a ...
U.S. Auto Buyers Not Sold on Electric Vehicles
The world's major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to happen, they'll need to sell the ...
Rare COVID Biz Interruption Win Hinges on Past Cat Urine Case Ruling
A judge has ruled in favor of a group of hotels whose owners sued their insurance carriers over lost business during the coronavirus pandemic. Businessman Mark Stebbins of Schleicher & Stebbins ...
French Pricing InsurTech Akur8 Raises $30M; Eyes U.S., Asian Markets
Akur8, the Paris-based InsurtTech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will ...
Americans Don’t Expect Normal Travel Until 2022: Generali Survey
Most Americans don't expect a return to normal travel until 2022, according to a new Generali survey, which mean smaller numbers will take a summer vacation this year than before COVID-19 hit. The ...
Explaining Just How Fastly Problems Happen
An outage at a little-known firm that speeds up access to websites knocked a lot of top Internet destinations offline on Tuesday, June 8 disrupting business and leisure for untold millions globally. ...
Weekend Storm Warnings Issued For Gulf Coast: Louisiana to Florida
The National Hurricane Center's updated its tropical storm warning for the Gulf Coast is in effect for east of Morgan City, Louisiana to the Okaloosa/Walton County line in Florida. The center has ...