News
Texas Utility Sued by Restaurants Over Hurricane Beryl Response
Restaurants in Houston and nearby regions on Monday filed a class action lawsuit, collectively seeking over $100 million, against U.S. power producer CenterPoint Energy Inc. for lack of power ...
GenAI Investment to Grow 30%, High Adoption Firms Expect 3x Higher ROI Over Next 3 Years
With modest GDP growth and stagnant budgets, organizations globally will find it necessary to reallocate funds from mature areas to support IT investments, according to Boston Consulting Group's ...
Parametric Insurance Increasingly Aids Farmers, Others Dealing With Extreme Weather
Joemar Flores, a spindly 28-year-old, gestured across his family's farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They're still ...
‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis
Insurance agent Ian Hartgrove was one of many Houston residents caught off guard by the size of Hurricane Beryl, which made landfall on the Texas Gulf Coast early last week. Beryl had weakened to a ...
Climate Change Could Impact Wind-Powered Gulf Stream
New evidence of changes to the Gulf Stream during the last ice age could indicate additional sensitivity to future climatic changes, a study led by University College London (UCL) researchers has ...
Dollar General Ordered to Pay $12M OSHA Penalty and Improve Safety
Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers and unsafe storage, the U.S. Labor ...
Don’t Focus Only on Hurricane’s Category
Here's a troubling phrase hurricane forecasters hate but often hear: "It's just a Category 1. Nothing to worry about." Or even worse: "Tropical storm? Just some wind and rain." But look at Hurricane ...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns.
Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in turn drove the formation of startup reinsurers to fill capacity needs. ...