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California to Spend $2.5B for Los Angeles Wildfire Recovery
California will spend $2.5 billion to help the Los Angeles area recover from recent deadly wildfires under a relief package signed Thursday by Democratic Gov. Gavin Newsom. Newsom signed the laws ...
The Road Ahead: Top Insurance Trends Shaping 2025
As technology rapidly advances, customer expectations skyrocket and economic uncertainty looms, the insurance industry stands at a pivotal crossroads. Compounding these issues, talent shortages ...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
The Los Angeles wildfires could consume more than 30 percent of the aggregate natural catastrophe budgets set for 2025 by Europe's four largest reinsurers – Swiss Re, Munich Re, Hannover Re and ...
Allstate, Arity Legal Troubles Mount; Class Action Filings Allege Privacy Violations
Allstate and its data subsidiary. Arity, are facing new legal challenges detailed in class action filings, which allege they violated federal and state privacy laws to collect driving data. Several ...
Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors. Lara's Jan. 23 order is designed ...
President Trump Proposes ‘Getting Rid of FEMA’ During Disaster Area Tour
President Donald Trump surveyed disaster zones in California and North Carolina on Friday and said he was considering "getting rid of" the Federal Emergency Management Agency, offering the latest ...
Rivian Plans Hands-Free Driving System Launch in 2025, ‘Eyes-Off’ in 2026
Electric-vehicle maker Rivian plans to launch its advanced hands-free driver assistance systems in 2025 and its "eyes-off" systems in 2026, CEO RJ Scaringe said on Thursday. An advanced driver ...
Emotions Slow Uptake of Tech, AI: Study
Successful uptake of new technology is a matter of emotions, and with 4 in 5 companies indicating they're failing to capitalize on its potential, managers need to know how to deal with them, ...