News
Frequency of Deadly Hurricanes Has Jumped 300%
New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer. The new report ...
Firefighters Tame California’s Fourth Largest Wildfire on Record
California's largest wildfire this year has been significantly tamed as the state's initially fierce fire season has, at least temporarily, fallen into a relative calm. The Park Fire was 53 percent ...
Market Growth Aids Puerto Rico Insurers in Absorbing Ernesto Losses
Puerto Rico-domiciled insurers are expected to navigate losses within the island's eastern and central regions most impacted by storm surge, power outages and flooding related to Hurricane Ernesto, ...
As Climate-fueled Wildfires Increase, Smoke Threatens Farmworkers
As wildfires scorched swaths of land in the wine country of Sonoma County in 2020, sending ash flying and choking the air with smoke, Maria Salinas harvested grapes. Her saliva turned black from ...
Top 5 Technology Predicaments Facing Insurance Leaders
As insurers look for ways to navigate evolving risks, some have pinned their hopes on generative AI (GenAI) as a quick fix. But allegations of faulty algorithms rendering unfair denials have fueled ...
State AGs Seek Treble Damages Against Live Nation for Concertgoers
Attorneys general from about two dozen U.S. states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across ...
Converge Insurance CEO Talks Focus, Innovation and Perseverance
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of ...
USAA President, CEO Peacock Retiring in 2025
USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter ...