News
U.S. Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The U.S. is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including ...
TikToker Sentenced to 7 Years for Stealing More Than a Dozen Cars Valued at $600,000
An Arizona man has been sentenced to 7.5 years in prison for committing more than a dozen vehicle thefts throughout the Phoenix metropolitan area, according to a news release published last week by ...
After Software Updates U.S. Safety Agency Ends Probe into Tesla Remote Driving Feature
The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature that allows users to move cars remotely, after finding ...
Mississippi Home Mitigation Bill Heads to Governor in Effort to Improve Storm Resilience
After nearly two decades of paralysis on the issue, Mississippi officials are inching closer to establishing a state home mitigation program to protect residents from natural disasters. Storm ...
California Drought, Wildfire Risks Grow as Snow Falls Short
California is heading into its dry season with just a fraction of the snow it typically has across its highest peaks at the end of its winter months, raising the prospects of drought across the most ...
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War
Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. "The orderly ...
Hail a Growing Loss Driver on Rising Tide of Severe Convective Storms, Allianz Says
Hailstorms drove record insured damages as severe convective storms are becoming more common and damaging, popping up in new places—and even storms producing small hailstones are posing unforeseen ...
Liberty Mutual Announces Leadership Restructuring for CRS and LMI
Liberty Mutual announced a new leadership structure across the company's Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses late last week, appointing Vlad Barbalat president ...