News
Curbing Legal System Abuse Among APCIA’s 2024 Advocacy Priorities
The American Property Casualty Insurance Association (APCIA) on Thursday announced its 2024 advocacy priorities, including a focus on curbing rampant legal system abuse and supporting risk-based ...
FEMA Adds Nearly $620M to Reinsurance Program
FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program's financial risk to the private reinsurance market as part of its 2024 reinsurance ...
Driverless Truck Companies Plan to Ditch Human Copilots in 2024
Driverless trucks with no humans on board will soon cruise Texas highways if three startup firms have their way, despite objections from critics who say financial pressures, not safety, is behind the ...
Merck Settles Coverage Dispute With Insurers Over War Exclusion in NotPetya Attack
Merck & Co. Inc. has reportedly reached a deal with insurers over a closely watched coverage dispute related to a massive cyber attack in 2017. The New Jersey Supreme Court in July 2023 agreed to ...
Latest Japan 7.5M Earthquake Estimated at $6.4B in Total Insured Losses
The 7.5 magnitude earthquake that struck off the west coast of the island of Honshu in Japan on Jan. 1, 2024, will lead to an estimated $6.4 billion in total insured losses, according to Karen Clark ...
Survey: Nearly 25% of Drivers Reduced Coverage Due to Rising Costs
A new survey reveals that nearly a quarter of drivers opted for less car insurance coverage than they wanted in 2023. The national poll of more than 1,200 American drivers by Jerry, a car insurance ...
U.S. Labor Agency Says SpaceX Illegally Fired Workers Critical of Elon Musk
Rocket and satellite maker SpaceX on Wednesday was accused by a U.S. labor agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a "distraction and ...
Air Traffic Communication Focus of Fatal Tokyo Runway Crash Probe
Investigators were focusing on communication between air traffic control and two aircraft at Tokyo's Haneda Airport on Wednesday, a day after a large passenger plane and a Japanese coast guard ...