News
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Industry analysts' early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it's too early ...
Los Angeles Wildfire to Have Limited National Economic Impact: Economists
Devastating fires in the Los Angeles, California, area are likely to put modest pressure on the U.S. national economy in the near term but are unlikely to derail strong forward momentum, economists ...
‘PDS’ Warnings Designed to Grab Attention During Extreme Weather
The National Weather Service's Los Angeles page screams "Particularly Dangerous Situation (PDS)" in hot pink letters against a gray background. It's a rare warning aimed at seizing attention ahead of ...
IIHS Finds That Reflective Clothing Confuses Pedestrian Crash Prevention Sensors
Reflective clothing designed to make pedestrians stand out to human drivers may make them invisible to automated crash prevention systems, according to a new study by the Insurance Institute for ...
Aon: 60% of Employees Across the Globe Plan to Change Jobs This Year
A new study of employees in 23 countries reveals employees are engaging in a "hustle reset" as they reassess where and how much they work, according to global professional services firm Aon plc. The ...
Investigators Probe Cause of Deadly California Wildfires
Investigators are considering an array of possible ignition sources for the huge fires that have killed at least 26 people and destroyed thousands of homes and businesses in the Los Angeles area. In ...
Class Action Settlements Eclipse $40B in 2024; PFAS Suits Emerging
Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at ...
Texas Lawsuit Alleges Allstate Illegally Collects Driver Data
The State of Texas on Monday filed a lawsuit against Allstate, alleging the insurance company illegally collects driver data through secretly embedded software in mobile apps and then uses the data ...