News
Parametric Insurer FloodFlash Adds Business Interruption
Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial ...
Zuckerberg Avoids Personal Liability in Meta Addiction Suits
Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc. and other social media companies of addicting children to their products. U.S. ...
Time-Tested Loss Reserving Methods Challenged: AM Best
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, ...
Former MLB Player Charged With Insurance Fraud in Florida
A former Major League Baseball player has been charged with insurance fraud, according to a release issued yesterday by Florida Chief Financial Officer Jimmy Patronis. Yuniesky Betancourt, a former ...
Boeing Claims No Cracks Found on Older 787 Jets Ahead of Whistleblower Testimony
Boeing said on Monday it has not found fatigue cracks on in-service 787 jets that have gone through heavy maintenance, as the planemaker defended the twin-aisle aircraft program ahead of a U.S. ...
Authorities Seized $25.5M Worth of Stolen Vehicles at Canadian Port
Earlier this month, Canadian authorities said they prevented nearly 600 stolen vehicles from being exported overseas after searching 390 shipping containers at the Port of Montreal. Around ...
Triple-I: Insurance Economic Drivers Outperform Overall U.S. GDP
The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation's Gross Domestic Product (GDP) and are expected to gain further momentum in the event of ...
Study Examines Tornado Resilience as Climate Change Impacts Damage
A new study by Florida State University researchers examined demographics, infrastructure and more than seven decades of weather data to determine which places in Kentucky are most vulnerable to ...