U.S.
Loss Costs Outpaced Premium Increases for U.S. P/C Industry Through Q3 2021
Direct premium production for the U.S. P/C industry through third-quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen ...
Home-Based Businesses Thriving, But Many Lack Insurance: Study
There's been a surge in new home-based businesses during the pandemic, but many aren't covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of ...
Secondary Perils Are Increasing Share of U.S. Catastrophe Losses
Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of ...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane ...
Biden Administration Unveils ‘Wildfire Crisis Strategy’ for Western States
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. ...
Supreme Court Halts OSHA Vaccine/Test Mandate; Allows Rule on Health Workers
A divided U.S. Supreme Court blocked the centerpiece of President Joe Biden's push to get more people vaccinated amid a COVID-19 surge, rejecting an Occupational Safety and Health Administration rule ...
U.S. Sees More Deadly Billion-Dollar Disasters as Carbon Emissions Soar
The United States staggered through a steady onslaught of deadly billion-dollar weather and climate disasters in an extra hot 2021 while the nation's greenhouse gas emissions jumped 6 percent because ...
Smart Guns Could Be Available in U.S. in 2022
Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions about reliability and concerns they will usher in a ...