News
Lawmakers Say Trains Carrying Flammable Cargo Should Be Subject to More Safety Rules
When a BNSF freight train carrying six cars of liquefied petroleum gas derailed near Manuelito, New Mexico, in 2024, the resulting fire shut down more than 100 miles of an interstate highway. The ...
As Hurricane Season Continues, FEMA Hiring Freeze Extended Through 2025
The U.S. Federal Emergency Management Agency has extended a hiring freeze through at least the end of this year, according to three sources familiar with the matter, as the peak of hurricane season ...
Insurers Face Average Annual Loss of $152B From Natural Catastrophes: Verisk
Verisk estimates that the global insured average annual property loss (AAL) from natural catastrophes has risen to $152 billion, with two-thirds of potential losses coming from frequency perils such ...
Caffrey to Become CEO of White Mountains in 2026
White Mountains Insurance Group Ltd. has unanimously elected Liam Caffrey as chief executive officer, effective Jan. 1, 2026. He will also join the White Mountains Board at that time. Caffrey will ...
The Year So Far: Liberty Improves Most Among Nationals; Discipline Tested
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 ...
Insurance Fraud Linked to Identity Theft Likely to Rise Significantly in 2025: NICB
The use of identity theft in insurance crime is expected to rise by 49 percent by the end of 2025, according to the National Insurance Crime Bureau (NICB). The insurance fraud watchdog analyzed ...
Musk Comments Misled Jury, Tesla Says in Bid to Have Big Damage Award Thrown Out
The car company run by Elon Musk asked a federal court on Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing ...
Katrina 2005-2025: Property Policy Evolution
Hurricane Katrina made landfall on August 29, 2005, with the eye of the Category 3 hurricane centered on Bay St. Louis, Miss., though the storm is remembered largely because of the devastation to New ...