News
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, coming on the heels of the ...
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 flooding. Moody's estimates that ...
Insurers See Decline in Private Equity Income Despite Investing More: AM Best
Despite increasing private equity investments, U.S. insurers experienced a second straight year of declining income on those investments, which dropped to $7.7 billion in 2023, down from $10.2 ...