News
Seat Belt Issue Prompts Ford Recall, Plus a Do-not-drive Order for Some Broncos, Mavericks
Ford is recalling almost 420,000 vehicles because of a seat belt issue that may result in an injury if a crash occurs. The National Highway Traffic Safety Administration said in a report Tuesday that ...
Extreme Weather to Drive $20 Trillion in Spending
Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate ...
USAA Not Done With Dividends: Florida Reforms Prompt $0.5B Payout
When USAA announced nearly $4 billion in policyholder dividends in December last year, the military insurer cited its financial discipline and the proactive steps of members to prevent losses among ...
Multimillion-Dollar Insurance Fraud Results in 4 Arrests
Four individuals were arrested following an investigation into an alleged automobile insurance fraud scheme in Iberia Parish, according to a recent announcement by the Louisiana State Police ...
Suspects Indicted for Impersonating Shipping Carriers in $5M Multi-State Theft Ring
Eight members of a Northeast theft ring have been charged with fraud for impersonating legitimate shipping companies and stealing nearly $5 million in cheese, cigarettes, and copper from logistics ...
Drone Crashes, Severed Fingers Pose Problems for $13B Silicon Valley Military Startup
A year ago, Ryan Tseng, the head of U.S. defense tech startup Shield AI, announced his company had turned a new page. After a gory incident that partially severed a U.S. Navy official's fingers ...
Jury Awards $176M After 2 Boys Killed When California Socialite’s Car Hit Them
A Los Angeles jury has awarded $176 million to the parents of two young brothers killed in a hit-and-run collision when a California socialite's car struck them in a crosswalk nearly six years ago. ...
Natural Disaster Insurance Gap Now Exceeds $420 Billion Globally
The value of uninsured natural catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance ...