News
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 ...
Global Study Finds Biometrics Top Cybersecurity Choice to Combat Deepfakes
The risk of deepfakes is on the rise with almost half of organizations (47 percent) reportedly encountering a deepfake already, according to a new study by iProov, a biometric identity provider, ...
Five Takeaways After 13 Month Global High Temperature Streak Ends
After 13 months of what felt like an endless breaking of heat records, the streak came to an end last month — just barely. The European climate agency Copernicus said last week that July 2024's ...
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory ...
Taylor Swift Cancellations Deal Blow to Insurers: Sources
Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two people involved in ...
Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers' credit profiles, according to credit agency Morningstar DBRS, in ...
CoreLogic: 2.6M U.S. Homes at Moderate to High Wildfire Risk
Changing weather patterns and extreme weather are factors leading to more frequent wildfires. New analysis indicates more than 2.6 million homes across 14 states are at moderate to very high risk of ...
U.S. Manufacturers Face Soaring Property Insurance Costs
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it's ...