2 weeks 3 days ago
Almost all consumers agree that insurance policies should evolve to provide clearer coverage for micromobility vehicles on public roads, Nationwide shared in a new report. Nine in 10 respondents to a recent survey commissioned by the insurer held that view. …
2 weeks 3 days ago
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday. The financial-industry trade group warned of the potential for bad …
Admin
2 weeks 3 days ago
The UK has drawn up plans to prepare for potential food disruption as the Iran conflict causes a drop-off in supplies of carbon dioxide used widely in the industry. In a “reasonable worst-case scenario,” officials don’t foresee aisles of empty …
Admin
2 weeks 3 days ago
The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday. The BoE said it disagreed with an …
Admin
2 weeks 3 days ago
Five hundred and fifty billion dollars. That is the figure at the center of the landmark strategic investment agreement the United States and Japan concluded on July 22, 2025. A commitment by Japan to direct capital into American industries on …
Admin
2 weeks 3 days ago
The Nord Stream gas pipelines were attacked in 2022 as a direct result of Russia’s invasion of Ukraine, insurers told a London court on Thursday as they seek to avoid paying out nearly 580 million euros ($684 million) over blasts …
Admin
2 weeks 3 days ago
An insurance fraud scheme involving a bear costume, luxury vehicles and falsified damage claims has ended in convictions for three Los Angeles area residents. A California Department of Insurance investigation began after an insurance company suspected fraud after insureds claimed …
2 weeks 3 days ago
Crashes involving about 70 vehicles snarled a section of a snowy Colorado highway and sent eight people to the hospital. The pileup Tuesday prompted officials to close the eastbound side of Interstate 70 in Clear Creek County, about 50 miles …
2 weeks 3 days ago
The Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California voted to authorize the WCIRB to submit a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be …
2 weeks 3 days ago
The Trump administration on Thursday proposed weakening rules for the disposal of ash produced by burning coal that can contain hazardous heavy metals and contaminate groundwater. Those regulations were strengthened under the Biden administration as part of a wider crackdown …
Admin
2 weeks 3 days ago
Florida home insurer Olympus Insurance Co. announced it has expanded its risk transfer capabilities with a successful debut in the catastrophe bond market, completing its first-ever issuance through the newly established Abacab Re Ltd. The $120 million catastrophe bond provides …
2 weeks 3 days ago
The annual SantaCon bar crawl that floods New York City with inebriated young people in Santa suits every holiday season was run by a real-life Grinch, according to federal prosecutors. Event organizer Stefan Pildes was arrested Wednesday on charges that …
Admin
2 weeks 3 days ago
An aviation safety bill seeking to address lessons learned from last year’s midair collision of a jet with an Army helicopter near the nation’s capital was approvedby the House Tuesday, but key senators and the families of the 67 victims …
Admin
2 weeks 3 days ago
The medical officer for the Texas summer camp where 27 girls were killed in a flood last year testified Tuesday she still has not officially reported the deaths to the state health agency that regulates camps and is reviewing its …
Admin
2 weeks 3 days ago
Utah-based insurance broker Trucordia reports it has acquired the Paradiso Financial and Insurance Services business located in Stafford Springs, Connecticut. Paradiso offers auto, home, life and business insurance and specialty lines across Connecticut and the New England region. One of …
2 weeks 3 days ago
Inszone Insurance Services announced the acquisition of Insurance Resources Group, Inc. Located in Olathe, Kansas, this acquisition adds an experienced and versatile team to the expanding Inszone organization. Insurance Resources Group was founded in 1996 by Kenton Grigg and Lora …
2 weeks 3 days ago
A day after severe storms damaged communities in the Plains and the Midwest, forecasters warned that storms could bring giant hail, tornadoes and severe wind gusts to the regions again in the coming days. Authorities in Kansas reported several people …
Admin
2 weeks 3 days ago
While New York and the East Coast bake under an early-season heat spell, the Great Plains, Midwest and parts of the Northeast were pounded by wind and hail Wednesday and face a larger threat Friday. Sporadic power outages, along with …
2 weeks 3 days ago
The Texas grid operator warned power demand may quadruple from recent record levels by 2032 to feed booming data-center expansion and population growth, an increase that would require the equivalent of almost 300 new nuclear reactors. The Electric Reliability Council …
Admin
2 weeks 3 days ago
Allstate said it is starting to provide its customers with identity theft protection at no additional cost This added value expands recovery from physical damage to homes and cars to include digital protection as peak storm season approaches. The benefit …