News
Catastrophe Bond Issuance Is Set to Blast Through 2023 Record
Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change, population density and inflation feeds growth in a market built around natural disasters. ...
California Allows Chinese Robotaxi Firm WeRide to Test With Passengers
China-based autonomous driving startup WeRide has received approval from California to test its driverless vehicles with passengers, according to a permit from the state's utility regulator. The move ...
Fewer High Tide Days Predicted Through April 2025
After record-breaking coastal flooding, NOAA scientists predict La Nina could slightly reduce the number of flood days across the U.S. NOAA's 2024-25 Annual High Tide Flooding Outlook documents ...
Report: Battery EV Collision Claims Continue to Rise Despite Sales Slowdown
Claims frequency for repairable battery electric vehicles jumped 45 percent in the U.S. and 39 percent in Canada year-over-year while increasing more gradually for hybrids, a new report by Mitchell, ...
Ruling Bars Insurers From Pursuing Defendants in $4B Maui Wildfire Settlement
A Maui judge's ruling Tuesday resolves a critical roadblock to finalizing a $4 billion wildfire settlement: Insurance companies who have paid out more than $2 billion in claims can seek reimbursement ...
McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump
McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost ...
Catastrophe Bond Issuance Is Set to Blast Through 2023 Record
Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change, population density and inflation feeds growth in a market built around natural disasters. ...
Report: Majority of Homes Damaged by Hurricane Debby Outside FEMA Flood Zones
A new report by climate risk analysis company First Street provides preliminary insights into the impact of Hurricane Debby, measuring the extent of flooding, insurance coverage gaps and damage ...