News
Businesses Can Expect to Spend $13.5B on Repairs Due to Flooding in 2022
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than ...
Comma-tose: Coverage Case Hinged on Punctuation Question
Coverage disputes often hinge on the exact wording of an insurance policy. In a case in federal court in South Florida, the issue came down to not only the wording but the punctuation — namely, a ...
Pandemic Lockdowns Only Work for a Limited Time, Study Finds
As the world struggles to contain the spread of COVID-19, many countries grapple with the possibility of imposing more lockdown measures, like those widely used in the spring of 2020. But how well do ...
AT&T, Verizon CEOs Reject Request to Delay 5G Deployment
The chief executives of AT&T and Verizon Communications rejected a request to delay the planned Jan. 5 introduction of new 5G wireless service over aviation safety concerns but offered to ...
Property Re Rates Up Nearly 11 Percent in Delayed 1/1 Renewals
In a brief report on Jan. 1 renewals published Monday, Guy Carpenter said that its global property catastrophe rate-on-line index rose 10.8 percent. Improvements on underlying business helped ...
Lloyd’s Asia Launches Renewable Energy Consortium
Lloyd's launched a renewable energy consortium in response to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy, Lloyd's announced late last ...
Look Ma, No Hands: Semi Logs 80-Mile Public Road Trip Without Human
A semitruck completed an 80-mile route in Arizona with no human on board and no human intervention during the trip using technology developed by TuSimple, the company said Wednesday. The San Diego ...
U.S. Airlines Request Delay in 5G Rollout, Citing Safety Issues
Airlines in the United States are asking the Federal Communications Commission to delay next week's scheduled rollout of new 5G wireless service near dozens of major airports, saying it could ...