News
Fall Forecast Calls for Above Normal Temps, Mixed Precipitation Across U.S.
A warmer-than-average fall is expected this year, according to the National Weather Service Climate Prediction Center's August-October Outlook. As El Niño Southern Oscillation (ENSO)-neutral ...
Judge Rules Tesla Drivers Can Pursue Class Action Over Self-Driving Claims
Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company's electric vehicles. U.S. District ...
Hurricane Erin Bounces Through Categories, Keeps Forecasters Guessing
Hurricane Erin weakened to a Category 3 hurricane on Sunday, with its outer bands lashing the Virgin Islands and Puerto Rico. As forecasters warned of a growing risk of life-threatening surf and rip ...
Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best
Swiss Re tops the list of the world's 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM ...
Aon Accused of Contributing to Collapse of Startup Vesttoo
Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing ...
Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation
Mercury Insurance said it has submitted a filing based on California's new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use ...
Heat-Related Deaths Affect Construction Workers More Than Other Industries
Workers in the construction industry represented more than a third of all workplace heat-related deaths in 2023 and 2022, according to a report from the Center for Construction Research and Training ...
Texas AG Launches Probe into Xcel Energy, Other Utilities Connected to Wildfires
Texas Attorney General Ken Paxton has launched an investigation into several utility companies connected to the Smokehouse Creek and Windy Deuce Fires, his office said on Friday. The office issued ...