News
Intense Winter Storms Turned Some California Roads into Rivers of Mud
Powerful winter storms brought the wettest Christmas season to Southern California in years, sending mud and debris sliding and half-filling homes with mud. There was still a risk of more flash ...
Concert Group Announces Ownership, Board Changes
Late last week, Concert Group Holdings, Inc. ("Concert"), announced that its shareholders have entered into an agreement for founding shareholder Freedom Underwriters LLC ("Freedom") to purchase all ...
U.S. P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed
Earlier this month, AM Best provided its initial tally of year-to-date financial results for U.S. property/casualty insurers, reporting a $34.9 billion net underwriting gain through the first nine ...
U.S. Traffic Safety Improves, While Global Congestion Surges: Report
Congestion and traffic delays continued to increase in urban areas around the world; analysis of 290 U.S. cities showed congestion increased in 88 percent of them. In certain cities, like London, ...
Foreign Made Drones Will Be Banned in the U.S.
The U.S. Federal Communications Commission announced on Monday that it is banning imports of all new models of foreign-made drones and critical components, including those from China's DJI and Autel, ...
Irregular Safety Inspections Found as Building Fires Rise in Hawaii
Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires ...
A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP
Data center operators are fixated on the "five nines" — an expectation that they'll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the ...
Why the Middle Market Matters and How Insurers Can Capture It
Conning puts the size of the total addressable middle market at more than $150 billion, and with no carrier commanding more than a 5 percent share, the segment has become more attractive to insurers. ...