News
Recent Aviation Disasters Spur Fear Over Flying Safety
The spate of recent aviation disasters and close calls have people worried about the safety of flying. The midair collision that killed 67 near Washington, the fiery plane crash in Philadelphia and a ...
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance ...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes
American International Group reported fourth-quarter 2024 net income of $898 million compared to $86 million the prior year, but insurance underwriting income was down 29 percent on high catastrophe ...
LA Fires: Calif. Insurance Commissioner OKs FAIR Plan Request for $1B Assessment
California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR ...
Travelers Expecting $1.7B in Catastrophe Losses From LA Wildfires
Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.7 billion ...
Researcher Updating Building Code Standards to Address Outdoor Fires
The recent Los Angeles, Calif., fires drove home how dangerous wildfires can be when they encroach on urban areas. So-called "wildland-urban interface" fires are on the rise, but building codes and ...
Reintroduced Legislation Seeks to Scrap OSHA
Republican Congressman Andy Biggs reintroduced a bill last month that, if passed, would abolish OSHA. H.R.86 also known as the Nullify Occupational Safety and Health Administration Act or the NOSHA ...
Dark City Roads Deadly for Pedestrians at Night: AAA
Pedestrian fatalities in the U.S. rose 80 percent in the past 15 years after reaching a historic low in 2009. Now, new research highlights the increase has almost entirely occurred on urban arterial ...