News
Fortune 500 Companies Vulnerable to Cloud Risks, Partial Outage Could Result in $20B Loss
New research indicates members of the Fortune 500 could suffer direct financial losses in excess of $20 billion due to a partial outage of third-party cloud services, according to Parametrix, a ...
Report Highlights Latest Toy Hazards; Choking, Asphyxiation Rank Highest
The latest "Toy-Related Deaths and Injuries Report" found there were 11 deaths, and an estimated 145,500 emergency department-treated (ED) injuries in 2022 associated with toys for children 12 years ...
California Program Leasing Land Under Freeways Under Scrutiny After Highway-Closing L.A. Fire
The area under an elevated Los Angeles freeway that burned last weekend was a kind of open-air warehouse with businesses storing everything from wood pallets to cardboard boxes to hand sanitizer on ...
Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk
Moody's RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between $2.5 billion and $4.5 billion. On the other hand, Verisk puts ...
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn't expecting any major changes in the pricing for commercial casualty or property ...
U.S. Safety Aviation Review Team Calls for ‘Urgent Action’ After Near-Misses
An independent safety review team named by the Federal Aviation Administration after a series of close-call air incidents called for "urgent action" and made a series of recommendations to boost ...
U.S. Home Insurance Less Affordable Due to Natural Disasters, Rising Repair Costs: Report
The growing frequency and severity of natural disasters amid rising home repair costs, along with other economic factors, have contributed to less affordable homeowners insurance, according to a ...
Consequences From Climate Change Now Affect Every Region of U.S.
Revved-up climate change now permeates Americans' daily lives with harm that is "already far-reaching and worsening across every region of the United States," a massive new government report says. ...