News
Where Are the Private Insurers? Analyses Highlight U.S. Flood Gap
Two new analyses—one from a risk modeler estimating insured damages from Hurricane Helene, and the other from a rating agency about flood insurance penetration and profitability—highlight the ...
Nation’s Flood Insurance Program Is Making More Repeat Payouts
When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Fla. The neighborhood saw 6 feet of ...
AM Best: Temporary Extension Protects NFIP Through Hurricane Season, Private Flood Insurers Wary
Though the U.S. Congress has agreed to a short-term extension of the National Flood Insurance Plan (NFIP) in the wake of repeated hurricanes, any long-term solution to the troubled federal program ...
Hurricane Milton Ramping Up to Cat 5
The latest advisory from the National Hurricane Center indicates Hurricane Milton is rapidly intensifying and is expected to reach Category 5 later today. Current maximum sustained winds are 155 MPH, ...
Uber, Lyft Bid to Avoid California Driver Lawsuits Over Misclassification Rebuffed by U.S. Supreme Court
The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ...
Climate Change at Forefront of U.S. Presidential Campaign After Hurricane Helene
The devastation wrought by Hurricane Helene has brought climate change to the forefront of the presidential campaign after the issue lingered on the margins for months. Vice President Kamala Harris ...
Hospitals Seen as Potential Growth Area for Litigation Financing
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd. ...
Florida Readies for Major Hurricane Milton
Florida prepared on Sunday for its largest evacuation since 2017 as Hurricane Milton intensified in the Gulf of Mexico on its path toward the U.S. state's western coast, ...
One-Third of Global Population at Risk for Floods: Moody’s
A new white paper from Moody's reveals that 2.7 billion people — more than one-third of the global population — live in areas vulnerable to inland or coastal ...