News
Andover Companies Among Investors in Reinsurance Startup Mereo
The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive ...
New Map Shows the Rise and Fall of California’s Coast
In a new California case study, NASA-led researchers highlight how modest vertical land motion can significantly impact local sea levels in the future. Amounting to just fractions of inches per year ...
Delaware Considers Bill to Limit Investor Lawsuits as Companies Threaten to Exit the State
Delaware lawmakers on Monday proposed changes to the U.S. state's widely used corporate law that would limit shareholder lawsuits after several high-profile companies said they might move their legal ...
Some Hurricane Helene Victims Embrace Push to End FEMA
Emily Russell remembers feeling hopeful after she managed to get an appointment with the Federal Emergency Management Agency not long after Hurricane Helene ripped though her home in Swannanoa, North ...
Not So Fast: State Farm Didn’t Prove Its Case for Rate Hike, CDI Says
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22 percent rate request from State Farm, instead calling a meeting with the carrier to get some answers about the ...
Which Companies Are Pulling Back on Diversity Initiatives?
A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied ...
Southern California Edison Gear Ignited More Fires in 2024 Than Year Prior
Southern California Edison's equipment ignited nearly 60 percent more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent ...
Rebuilding Costs Rose More Than 60% in the Last Decade: Verisk
Over the past decade, there's been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at Verisk. The 10-year analysis examined residential and commercial ...