News
$20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
The Trump administration's $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, ...
New Wildfire Prevention Campaign Focuses on Education, Clearing Dead Brush
A new prevention campaign urges clearing brush and debris to reduce wildfire risk now before summer begins, according to the nonprofit Federal Alliance for Safe Homes (FLASH). The national campaign, ...
UBS Urges U.S. Judge to Curb Liability for Nazi-linked Crimes
UBS urged a U.S. judge on Tuesday to shield it from new Holocaust-related litigation arising from an investigation of the former Credit Suisse's activities during World War Two. A lawyer for UBS ...
High Winds Cause Power Outages, Property Damage as Wild March Weather Continues
Hundreds of thousands of people were left without power Saturday after high winds raked eastward from the Great Lakes region, leaving trees down and substantial property damage in their wake. Farther ...
Only 3 in 10 Americans Review Insurance Annually, Says Big I Survey
Though people understand the importance and value of insurance, a policy is only something they think about when something goes wrong. According to a new survey from the Independent Insurance Agents ...
Legacy Insurance Systems Cost Nearly $5M Annually in Hidden Operational Costs: Report
A survey of more than 250 P&C and specialty market insurance professionals revealed the substantial cost of legacy systems, according to a new research report commissioned by software provider ...
La Niña Forecast to End Soon, El Niño Likely by Mid-2026
La Niña is expected to shift to El Niño-Southern Oscillation‑neutral conditions in the coming month, with neutral conditions with 55% chances through the May–July period, the U.S. Climate ...
Underestimated Coastal Water Heights Putting Millions More at Risk: Study
Climate change's rising seas may threaten tens of millions more people than scientists and government planners originally thought because of mistaken research assumptions on how high coastal waters ...