News
Reinsurers Cautious About U.S. Regional Property Cat as Storm Losses Rise: Gallagher Re
After a costly 2023 severe convective storm season in the U.S., reinsurers underwriting in the regional property-catastrophe market are skeptical about providing frequency cover, but their overall ...
FDA Screening Cinnamon Imports After Toxic Lead Sickens Kids
The U.S. Food and Drug Administration is screening imports of cinnamon from multiple countries for toxic lead contamination after growing reports of children who were sickened after eating pouches of ...
Cargo Theft Threat High Over the Holiday
The threat of cargo theft is extremely high this holiday season, with strategic and full truck theft at the top of the list, according to CargoNet. The national information system created by the ...
New York’s Adult Survivors Act Expiring, Launched Over 2,500 Sex Abuse Lawsuits
For a year, a special New York law has cleared the way for a wave of headline-grabbing lawsuits against famous men accused of sexual misconduct, including former President Donald Trump, hip hop mogul ...
Tesla Launched Its Own Car Insurance. These Drivers Say It’s a Lemon.
In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium "really reasonable." Sixteen days later, ...
Details of Calif. Wildfire Plan Sketchy, but a Useful Marketing Tool for Data Vendors
A proposal by California's insurance regulator to require insurers to write more policies in areas at risk of wildfires is more a promise than a plan, but the announcement is giving data analytics ...
Mobility Trend: Consumers Prefer AV Deliveries Over Robots, Drones
With Amazon aiming to make 10,000 deliveries with drones in Europe this year and Walmart planning to expand its drone delivery services to an additional 60,000 homes this year in the states, ...
OpenAI Investors Consider Suit Against Board
Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam ...