News
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance. Hail was the costliest category for insurance claims ...
U.S. P/C Carriers Post $32B Underwriting Loss for First Nine Months: AM Best
The U.S. property/casualty industry recorded a $32.2 billion net underwriting loss in the first nine months of 2023, $7.6 billion worse than the underwriting loss posted in the same prior-year ...
Tesla Cybertruck’s Design Raises Safety Concerns
The angular design of Tesla's Cybertruck has safety experts concerned the electric pickup truck's stiff stainless-steel exoskeleton could hurt pedestrians and cyclists and damage other vehicles on ...
Judge: Boy Scout Abuse Claims Fund Shouldn’t Pay $21M in Lawyer Fees
The judge presiding over the Boys Scouts of America's bankruptcy has rejected a $21 million fee request from attorneys hired by law firms representing survivors of child sexual abuse. A group of ...
Humanity on Verge of 5 Climate Tipping Points, Report Warns
Five major global "tipping points" are in danger of being crossed at current levels of warming, a new study warns, leaving humanity at an inflection point between two potential futures. An ...
AI-Driven Embedded Platform Mulberri Announces $6.75M Series A
Mulberri, an artificial intelligence-driven embedded business insurance platform for small and medium enterprises, announced its $6.75 million Series A led by Eos Venture Partners, with participation ...
Studies: Multiple Factors Behind Poor Recovery in Workers Comp Patients Post-Lumbar Spine Surgery
Worker's compensation (WC) patients undergoing lumbar spine surgery fare worse post-surgery than other patients undergoing the same procedures, according to two studies published in the Journal of ...
Road Safety Advocates Call for Speed Limiters, Auto Alerts to Stem Aggressive Driving
Members of the Road to Zero Coalition are urging automakers, regulators and fleet operators to promote intelligent speed assistance (ISA) and speed limiters in response to a spike in traffic deaths ...