News
‘Don’t Get in My Way,’ the New Acting Head of FEMA Warns Staff
The new head of the federal agency tasked with responding to disasters across the country warned staff in a meeting Friday not to try to impede upcoming changes, saying that "I will run right over ...
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
Extreme weather is an increasingly expensive problem in the U.S. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won't be ...
U.S. Labor Market Remains Resilient, But Employee Productivity Dropped in Q1
The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to ...
Deadly April Rainfall, Catastrophic Flooding Across U.S. Intensified by Climate Change
Human-caused climate change intensified deadly rainfall in Arkansas, Kentucky, Tennessee and other states in early April and made those storms more likely to occur, according to an analysis released ...
Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite ...
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of ...
Liberty Mutual Q1 Net Income Down 33%
Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three ...
Ransomware Claims Stabilized in 2024, Though Still the Costliest Cyberattack
The majority of cyber insurance claims in 2024 were the result of business mail compromise or funds transfer fraud, according to digital risk insurance provider Coalition. The San Francisco-based ...