News
Buffett-Owned Utility Reaches $150M Oregon Wildfire Settlement
PacifiCorp, owned by Warren Buffett's Berkshire Hathaway, said on Wednesday it reached a $150 million settlement with 1,434 plaintiffs who blamed the utility for starting the 2020 Labor Day weekend ...
Hurricane Melissa Registered the Strongest Wind Gust Ever in the Atlantic
Breaking Hurricane Allen's record of 190 MPH wind gust in 1980, Melissa registered 252 MPH, according to NSF NCAR's measurement. NSF NCAR is sponsored by the U.S. National Science Foundation and ...
Sea-Level Rise Threatens Thousands of Hazardous Sites With Flood Risk
If heat-trapping pollution from burning coal, oil, and gas continues unchecked, thousands of hazardous sites across the United States risk being flooded from sea level rise by the turn of the ...
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance
American International Group Inc.'s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the ...
U.S. Insurers Targeted by TPLF’s Digital Marketing Tactics: NICB
There is a strong connection between third-party litigation funding (TPLF) and excessive litigation instigated by fraudulent digital tactics, according to new joint analysis by the National Insurance ...
Despite Tariff-Driven Chaos, Insurance IPOs Hit 20-Year High
Insurance companies' first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump's trade war. Predictable ...
Florida Takes Steps to Advance Recreational Marijuana Question to 2026 Ballot
Florida elections officials have taken early steps under pressure from activists to advance a proposed initiative to legalize recreational marijuana to next year's ballot, legal filings show. The ...
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Lloyd's of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he's no longer ...