News
Japan Warns Potential Megaquake Could Kill Nearly 300,000
A long-feared megaquake off Japan's southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai ...
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions ...
Majority of Small Biz Leaders Think AI Will Play ‘Crucial Role’ in Work Safety
More than half of small business leaders believe artificial intelligence will play a "crucial role" in worker safety over the next five years, according to a new report from Pie Insurance. A survey ...
$1 Trillion! 2024 P/C Industry Direct Premiums At Record Level
An industrywide direct written premium total of $1.05 trillion in 2024 marked the first time in the history of the industry that U.S. property/casualty insurer premiums eclipsed $1 trillion, ...
California Bill Would Allow Workers to Refuse to Work in Unsafe Conditions
Employees in California who have "reasonable concerns about health and safety violations" would be allowed to refuse work while still receiving full pay, under legislation introduced in late ...
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 ...