News
U.S. Records Fourth Hottest Summer Ever
A warmer-than-average August wrapped up an extremely hot summer across the U.S., with many cities breaking all-time heat records. The first eight months of 2024 also ranked as the second-warmest ...
Double-Digit U.S. Casualty Reinsurance Price Hikes Forecast
While the property-catastrophe reinsurance market is in the midst of a moderate softening phase, which will continue in 2025, double-digit price hikes for U.S. casualty reinsurance business are ...
Report: Bump in Federal Trade Secret Litigation Seen in 2023
Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district court in 2023, along with the continued steady trend of trade secret ...
California Legislation Brings Harsher Penalties for Smash-and-Grab Robberies
California Gov. Gavin Newsom signed a bill Thursday bringing back tough criminal penalties targeting large-scale stealing schemes and smash-and-grab robberies that have fueled voter frustration ...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share
For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15 percent last year to increase ...
Buffett’s Insurance Leader Ajit Jain Sells Large Part of Berkshire Stake
Ajit Jain, the longtime top insurance executive at Warren Buffett's Berkshire Hathaway, sold more than half of his Class A shares in the conglomerate last week. According to a Wednesday night ...
OSHA Severe Injury Dashboard Now Public
The Occupational Safety and Health Administration (OSHA) launched the Severe Injury Dashboard offering employers a chance to view trending severe injuries. The online tool offers data collected from ...
Canada’s 2024 Wildfire Season Ranks Sixth Highest in Past 50 Years
With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most destructive on record, largely due to the devastation caused by a blaze that ripped through a ...