News
Hot Weather, High Demand to Pressure US Power Grid This Summer
Projected searing temperatures across the U.S. and the proliferation of data centers are expected to send electricity consumption to a four-year high this summer, testing the grid and pushing up ...
Brooklyn Bridge Ship Crashes Happening for Nearly 150 Years
A Mexican navy tall ship's fatal collision with the Brooklyn Bridge on Saturday highlighted a hazard that has worried seafarers for nearly 150 years. Even before construction on the bridge was ...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
Insurance industry financial strength rating agency AM Best said that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers ...
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry's response to claims following hurricanes Milton and Helene. "The ...
Progressive Acknowledges Passing of Former CEO Renwick
The Progressive Corporation published a statement on Sunday stating that the company mourned the loss of its former chief executive officer and chairman, Glenn Renwick. According to the statement, ...
Nearmap Acquiring itel to Add to Property Intelligence, Underwriting and Claims Services
Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap's CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews ...
State Attorneys General Oppose AI Regulation Ban Over Risks to U.S. Consumers
Republican proposal to block states from regulating artificial intelligence for 10 years drew opposition on Friday from a bipartisan group of attorneys general in California, New York, Ohio and other ...
Insurance Gap Highlights Texas’ Growing Flood Risk
Texas is facing a critical shortfall. With more than 2.1 million properties projected to face flood exposure over the next 30 years, and over 200,000 expected to flood with near certainty, urgent ...