Industry News
CSAA Invests $25M in California Wildfire Innovation Fund
CSAA Insurance Group made a $25 million commitment to the California Wildfire Innovation Fund, a climate-solutions strategy to help reduce the severity and frequency of catastrophic wildfire by ...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of InsurTech Lemonade say they're slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. "So long as these mismatched ...
Shipping Industry Grapples With Ways to Cut Cargo Fires at Sea
Global shipping companies are exploring ways to boost safety in transporting cargo as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday. Shipping ...
U.S. Supreme Court Torn Over Challenge to Internet Firms’ Legal Shield
U.S. Supreme Court justices on Tuesday expressed uncertainty over whether to narrow a legal shield protecting Internet companies from a wide array of lawsuits in a major case involving YouTube and ...
Working Together to Mitigate Natural Catastrophe Risk: AM Best Webinar
Climate change is contributing to increasingly intense natural catastrophes that leave larger and larger losses in their wake. What steps can the insurance industry take to prevent losses, protect ...
Root Granted Restraining Order Against Former CMO it Says Stole About $10M
A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former chief marketing officer to prevent him, his companies or associates from selling ...
Buttigieg Urges U.S. Railroads to Boost Safety, Not Oppose Reforms
U.S. Transportation Secretary Pete Buttigieg said Sunday he would call on major railroads to improve safety after a Feb. 3 derailment in East Palestine, Ohio, of a train operated by Norfolk ...
Earthquakes in Turkey to Cost Insurers $2.4B: KCC
Catastrophe modeling firm Karen Clark & Co. said it expects total property losses of close to $20 billion from the devastating earthquakes that hit Turkey earlier this month, with about $2.4 ...