U.S.
OMAC Is Hull Carrier for Sunken Yacht in Sicily
Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm earlier this month, sinking off the northern coast of ...
Study Finds Climate Reporting Insufficient, Suggests Expansion
Climate reporting standards are insufficient and must be expanded, according experts at the Smith School of Enterprise and the Environment, University of Oxford. Researchers say current climate ...
Study of Flooded EV Batteries Raises Safety Questions
An examination of electric vehicles damaged by Florida floods raises questions about the "stranded energy" contained within their batteries, according to researchers at the Idaho National Laboratory. ...
BMW to Recall More Than 720,000 Vehicles Due to Water Pump Issue
BMW is recalling more than 720,000 vehicles due to an issue with the water pump's electrical connector that could potentially lead to a fire. The National Highway Traffic Safety Administration said ...
Tech Surpasses Price as Driver of Policy Selection for Weather-Related Coverage
Consumers prioritize comprehensive coverage and technological capabilities over cost, so much so, that they are willing to switch providers or pay higher premiums for better claims experiences during ...
FTC Ban on Worker Noncompete Agreements Blocked by Federal Judge
A federal judge ruled the US Federal Trade Commission can't enforce its near-total ban on noncompete agreements that was set to go into effect next month, blocking an effort by the agency to make ...
Wall Street Regulator Approves Tougher Rules for Auditor ‘Negligence’
Wall Street's top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations. Divided along party lines, the ...
Latest Industry Employment Report Forecasts Modest Job Growth
The latest iteration of the Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group and Aon, a global professional services firm, found that 86 percent of respondents intend to ...