News
The Odds of a Hurricane-Boosting La Niña This Year Are Rising
The odds of a La Niña weather pattern this year are rising, amplifying the risk of hurricanes in the Atlantic and drought in California and South America.
AM Best Says Losses From California Storms Largely Uninsured, Underinsured
The economic losses from the latest round of California storms will be significant, and many of these losses may not be insured because only 2 percent of California residents have purchased flood ...
Top AI Companies Join Government Effort to Set Safety Standards
The top U.S. artificial intelligence companies will participate in a government-led effort intended to craft federal standards on the technology to ensure that it's deployed safely and responsibly, ...
Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims
Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to ...
Category 6? As Warming Stokes Storms, Some Want a Bigger Hurricane Category
A handful of super powerful tropical storms in the last decade and the prospect of more to come has a couple of experts proposing a new category of whopper hurricanes: Category 6. Studies have shown ...
Supreme Court in UBS Case Makes it Easier for Whistleblowers to Win Suits
The U.S. Supreme Court on Thursday made it easier for financial sector whistleblowers to win lawsuits accusing companies of unlawfully firing them as retaliation for disclosing ...
Allstate Reverses Q4 Loss With Benefit of Low Cat Losses, Auto Rate Increases
Allstate Corp. fourth-quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303 million during the same time the prior year. Allstate CEO Tom Wilson ...
Chinese Hacking Campaign Aimed at Critical Infrastructure Goes Back 5 Years
An advanced group of Chinese hackers taking aim at U.S. critical infrastructure have been active for as long as half a decade, American and allied intelligence agencies said in ...
New UN Weather Agency Chief Says Rate of Global Warming Is Speeding Up
The new chief of the World Meteorological Organization said it looks to her that the rate of human-caused climate change is accelerating and that warming has triggered ...