News
Clearing 5 Foot Perimeter Around House Cuts Wildfire Risk in Half: IBHS
New research confirms creating an ember-resistant buffer around a home cuts its risk of igniting from a wildfire in half, according to the Insurance Institute for Business & Home Safety (IBHS). ...
Tesla Rejected $60M Settlement Before Losing $243M Autopilot Verdict
Billionaire Elon Musk's electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month ...
Call for Evacuations as Wildfires Threaten Homes in California, Oregon
Thousands of homes in Northern California wine country and central Oregon were under evacuation orders and warnings Sunday as firefighting crews battled wildfires in dry, hot weather. The Pickett ...
‘Big Four’ Reinsurers Maintain Property-Cat Appetite, Despite Signs of Rate Softening
Europe's four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – are maintaining their appetite for property-catastrophe risks as well as their ambitious profit targets for 2025, ...
Farmers Insurance Data Breach Could Impact More Than a Million Customers
A recently discovered data breach may impact more than one million customers of Farmers Insurance, warned a recent notification to Maine's attorney general. Farmers Insurance Exchange, Farmers Group ...
North Carolina High Court Rules Bars’ COVID-19 Lawsuits Can Continue
The North Carolina Supreme Court issued favorable rulings Friday for bars and their operators in litigation seeking monetary compensation from the state for COVID-19 restrictions first issued by ...
Litigation Funder’s Plan to Invest in Law Firms Called ‘Bad Policy,’ With Big Impacts
With more states adding or considering restrictions on third-party funding of lawsuits, one of the largest litigation finance firms is now planning to invest directly in some law firms. "We are ...
Reinsurers Have Made Major Structural Changes to Improve Profits. Will Discipline Last?
Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best market segment report. During ...