U.S.
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
When it comes to climate impacts, the front line of the finance industry is insurance. Last year's payout from damages caused by extreme weather events totaled $120 billion—about the same as the ...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Roughly 42 percent of economic losses were ...
Consumer Reports Urges Dark Chocolate Makers to Reduce Lead, Cadmium Levels
Consumer Reports on Monday urged four chocolate producers to commit by Valentine's Day to reduce the amounts of lead and cadmium in their dark chocolate products after testing revealed harmful levels ...
Florida High Court Disbars Notorious Plaintiffs Lawyer; Infamous Public Adjuster Could Be Next
Florida officials have taken strong action against two of the insurance industry's most-detested adversaries, disbarring a notorious plaintiffs' attorney who filed thousands of frivolous claims ...
Louisiana Governor Orders Special Session to Address Insurance Incentive Fund
Louisiana Gov. John Bel Edwards called for a special session Sunday to address appropriate funds to the Insure Louisiana Incentive Fund, a fund created by lawmakers last year to attract more ...
Juul Settlement to End Youth-Vaping Lawsuits Gets Initial Approval
Juul Labs Inc. won preliminary approval of a settlement aimed at resolving thousands of lawsuits targeting the e-cigarette maker as a major cause of a U.S. youth-vaping epidemic. U.S. District Judge ...
Louisiana Lawmakers Considering Special Session to Address Insurance Crisis
As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the ...
AM Best Downgrades California Earthquake Authority Credit Ratings
AM Best downgraded the Financial Strength Rating of California Earthquake Authority to "B++" (Good) from "A-" (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" (Good) from "a-" ...