News
California’s Bill to Hold Oil Companies Liable for Natural Disaster Damage Stalls
California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. Senate Bill 322 ...
Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz
Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil ...
Liberty Mutual CEO Sweeney Elected Chairman, Long Steps Away
Liberty Mutual's Timothy M. Sweeney, president and chief executive officer, has been elected chairman of Liberty Mutual Holding Co. Sweeney succeeds, David H. Long, who is retiring. Long has been ...
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider ...
Remote Access Tools, Supply Chain Key Drivers of Cyber Claims: Report
Ransomware incidents continue to increase in frequency and severity, with attacks rising 20 percent in 2024 and VPNs seen as the biggest contributor, according to a new report by insurance security ...
Poor Background Music Choices Can Negatively Impact Work Performance
A new study shows that when background music at work is out of sync with what workers need to do their jobs, it can affect their energy, mood and even performance, according to researchers at Ohio ...
No Insurance Needed, Amish Quickly Repair Tornado Damage in Michigan and Indiana
No contractors, no repair estimates, and no haggling with the insurance company. After a tornado struck an Amish community in Michigan, the work was underway even before the National Weather Service ...
California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals
Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for U.S. reinsurance buyers, despite the record losses from California's January wildfires, according to Aon ...