News
WTW Offers Parametric Insurance With Weather-Warning Trigger
Willis, a business of WTW, announced the launch of a parametric policy that is activated automatically when a red weather warning is issued by the UK Met Office or Met Éireann, the Irish National ...
IPOs Can Still Move Forward Amid Government Shutdown But Not Without Risk
Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to move forward with their listing plans ...
Majority of Large U.S. Firms Flag AI Risks in Public Disclosures
Nearly three-quarters of the S&P 500 (72 percent) now report AI as a material risk in their public disclosures, according to a new study by think tank The Conference Board and data mining and ...
Parents Allege Tesla Design Flaw Trapped Two Students in a Burning Car
The parents of two college students killed in a Tesla crash say they were trapped in the car as it burst into flames because of a design flaw that made it nearly impossible for them to open the ...
Insurer Says Tech Services Firms Should Pay for Insured’s Ransomware Damages
ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages to a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should ...
Florida’s Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
Florida's Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. ...
Study Reveals Nearly Half of Drivers Killed in Crashes Tested Positive for THC
THC-impaired driving deaths are soaring, according to new study findings that will be presented this week at the American College of Surgeons (ACS) Clinical Congress 2025 in Chicago. In a review of ...
Hedge Funds Targeting Fire Insurance Hit a Wall in California
Hedge funds speculating on wildfire insurance claims in California were just dealt a legal blow, after the state adopted new legislation designed to stifle such bets. Under the law, approved last ...