News
Ineligible Claims Submissions Results in Return of $30M to Florida Hurricane Catastrophe Fund
Nearly $30 million dollars will be returned to the Florida Hurricane Catastrophe Fund (FHCF), after a whistleblower reported fraud committed by an insurer, according to a statement released by ...
Federal Judge Rules Several Companies Face Lawsuit Over Tainted Baby Food
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and ...
What Forecasters Mean When They Warn of a 100-Year Flood
Weather forecasters sometimes warn of storms that unleash rains so unusual they are described as 100-year or even 500-year floods. Here's what to know about how scientists determine how extreme a ...
Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports
U.S. President Donald Trump's 25 percent auto tariffs will cover hundreds of billions of dollars worth of imports of vehicles and auto parts imports annually, according to a ...
15% of W.R. Berkley Shares Being Acquired by Mitsui Sumitomo Insurance
Last Friday, W.R. Berkley Corp. said that Japanese property/casualty insurer Mitsui Sumitomo Insurance Co. would buy a 15% stake in the company through open market purchases or private transactions ...
Spring Outlook Forecasts Continued Drought for the West: NOAA
Drought conditions are expected to continue in the Rocky Mountains, Southwest and southern Plains, according to NOAA's Spring Outlook. Forecasters at NOAA's Climate Prediction Center predict ...
IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s
According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the ...
Car Insurance Costs Up 42% Since ’22: Biggest ’24 Hikes in Minn., Maryland
New data highlights the increasing cost of car insurance, with rates rising 15 percent last year, according to a recent Insurify report. Average car insurance rates range from $2,300 to $3,000 in the ...