News
Removing U.S. Subsidies Curbed Building in Climate Risk Zones, Study Finds
The U.S. Congress passed the Coastal Barrier Resources Act in 1982 to preserve relatively undeveloped waterfront areas as natural buffer zones. At least 1.4 million acres along the Atlantic and Gulf ...
Berkshire Halves Apple Stake, Boosts Cash to $277 Billion as It Gets ‘Defensive’
Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record ...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely ...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents
Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also ...
Hurricane Slams Florida After Gaining Fury in Warm Waters
Hurricane Debby slammed into Florida southeast of Tallahassee as a Category 1 storm after intensifying over warm waters, the latest evidence that this will be a robust season for tropical ...
Auto Safety Agency Says 51M Airbag Inflators Still Pose Risk
A U.S. regulator said on Wednesday it still believes that airbag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall. The ...
Report: 1Q 2024 California Workers Comp Written Premium 3% Lower Than Year Ago
Written premiums for the first quarter of 2024 were 3 percent lower than the first quarter of 2023, while written premiums in 2023 were slightly above 2022, according to the Workers' Compensation ...
$4B Settlement Reached for Maui Wildfires
The parties in lawsuits seeking damages for last year's Maui wildfires have reached a $4 billion global settlement, a court filing said Friday, nearly one year after the deadliest U.S. wildfire in ...