News
Maui Fire Victims Pursue Legal Tactic That Led to $13.5B California Settlement
Hawaii property owners are seizing on a legal shortcut used by fire victims in California to secure compensation from Hawaiian Electric Industries Inc. for damages following the fires that ravaged ...
Top 15 Non-Life Reinsurers: AM Best’s Latest Ranking
Munich Re still holds the top spot on AM Best's annual ranking of global reinsurance groups but Hannover Re took the No. 2 position in a ranking based solely on non-life reinsurance premium volume. ...
IBM Sells Weather Business to Private Equity Firm Francisco Partners
International Business Machines (IBM) has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale ...
NOAA: High Tide Flooding Continues Breaking Records
Eight coastal communities along the East and West coasts reported record high tide flooding last year — a trend expected to continue in 2024, according to the National Oceanic and Atmospheric ...
Employees Optimistic About Generative AI and Their Jobs
Though research indicates attitudes vary by occupation and age group, the use of generative artificial intelligence (AI) has employees feeling optimistic about their skills and career prospects, ...
El Nino, Climate Change Cooked up Tropical Storm Hilary’s Soggy Mess
A natural El Nino, human-caused climate change, a stubborn heat dome over the nation's midsection and other factors cooked up Tropical Storm Hilary's record- breaking slosh into California and ...
NAIC to Collect Insurer Data to Understand Property Market Gaps
The National Association of Insurance Commissioners said at its Summer National Meeting that it plans to collect data from insurers in order to help insurance regulators better understand property ...
Not Your Grandpa’s Hard Reinsurance Market; Profits Return, Discipline Stays
The current property-catastrophe reinsurance market is one of the hardest in decades—and very different from previous ones, a new AM Best report notes, also predicting that underwriting discipline ...