News
Liberty Mutual ‘Shifting from Fixing to Building’ in 2026, CEO Says
Liberty Mutual's underwriting results across its businesses came in ahead of targets the company set three years ago when the business was unprofitable, the chief executive reported yesterday, also ...
War Insurance Available for Ships Crossing Hormuz, LMA Says
Insurance offers are being made for vessels seeking to transit the Strait of Hormuz, the Lloyd's Market Association said, a sign that it is safety risks and not cover that are the main impediment ...
Median Securities Class Action Settlement Hits 29-Year High
Despite fewer securities class action settlements, the median settlement amount reached its highest level in nearly three decades last year, according to Cornerstone Research. The median settlement ...
Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo
Shipments ranging from fresh produce to airplane parts are in limbo as Middle East conflict squeezes cargo capacity and pushes up freight rates. The U.S. and Israeli air war against Iran has grounded ...
Flood Patterns Have Changed; Flood Insurance Needs to Keep Up
The National Flood Insurance Program (NFIP) is going broke. Increased flood strikes in more places, combined with outdated ways of predicting flood risk, are putting property owners at risk and the ...
Study Ties Particle Pollution From Wildfire Smoke to 24,100 U.S. Deaths Per Year
Chronic exposure to pollution from wildfires has been linked to tens of thousands of deaths annually in the United States, according to a new study. The paper, published in the journal Science ...
Chlorofluorocarbon Replacements Cause Vast ‘Forever Chemical’ Pollution: Research
When the phaseout of ozone-destroying chlorofluorocarbons (CFCs) was first agreed in 1987, the world narrowly avoided an environmental catastrophe. However, the replacement of CFCs is causing the ...
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says
A U.S. judge sided with Uber Technologies Inc. in its complaint that American Transit Insurance Co., the largest taxi insurer in New York City, failed to defend the ride-hailing company in crash ...