News
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable
A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention ...
Trump’s Threat to EV Trucking Rules Undermines Big-Rig Bets
Two years ago, Rudy Diaz made a gutsy bet. The 45-year-old owner of Hight Logistics, a trucking company that hauls containers from the bustling ports around Los Angeles, began adding some of the ...
Natural Coastal Habitats Can Reduce Flood Losses: Swiss Re
Natural coastal habitats such as coral reefs, mangrove swamps and salt marshes can provide significant protection against lower-severity storms and help reduce flood losses, according to a recent ...
Warehouse Workers See Safety in AI, Want Employers to Adopt Tech Faster
Frontline workers communicated the benefits of automating warehouse operations and the risks of not automating fast enough, according to a new study released by Zebra Technologies Corporation. The ...
Third Party Risk Dominant Driver of Cyber Insurance Claims
New analysis shows vendor risk driving financial losses, making up nearly a quarter of material claims in 2024, according to cyber risk company Resilience. Third-party risk emerged as a dominant ...
Woman Injured on Harry Potter California Theme Park Ride Awarded $7.25M
A federal jury has awarded $7.25 million to a 74-year-old Arizona woman for a spine injury she suffered in a fall while exiting the Harry Potter and the Forbidden Journey ride at Universal Studios ...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires
Germany's Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single ...
Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M
InsurTech Lemonade reported a fourth-quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million. Results were in comparison to a net loss of $42.4 million for ...