Estimates Put U.S. Damage and Loss from Francine at $9B, with $1.5B in Insured Losses
A preliminary estimate shows total damage and economic loss from Hurricane Francine in the U.S. is expected to be $9 billion. The storm effects are
Sedgwick Announces Strategic Partnership With Altas Partners
Sedgwick added a new major investor. The global provider of claims management services this week announced an investment from North American private
Moody's, Amwins Expect Continued Cyber Market Growth
Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate
Francine Knocks Out Power to Hundreds of Thousands in South
Francine knocked out power to more than 400,000 homes and businesses and canceled hundreds of flights across the US South after coming ashore as a
Carmakers Adjust Electrification Plans as EV Demand Slows
Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable
New Mexico Attorney General Files Suit Against Snapchat
New Mexico's attorney general has filed a lawsuit against the company behind Snapchat, alleging that site's design and policies foster the sharing of
Firefighters Hope Cooler Weather Will Aid Battle Against 3 Major Southern California Fires
Firefighters battling three major wildfires in the mountains east of Los Angeles took advantage of cooler weather Wednesday as they slowly gained the
Hurricane Francine Hits Louisiana as Category 2
Hurricane Francine packed power just as it slammed into the coast of Louisiana, reaching Category 2 strength with 100 miles per hour winds and a dangerous
AIG Says Former Execs at Dellwood Are ‘Bad Leavers’
In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to
U.S. Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023, Report Shows
U.S. nuclear verdicts are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023, according to Swiss Re
Few Households Opt Out of $600M Ohio Train Derailment Settlement
Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement despite residents'
Venbrook Opens West Coast Office, Strengthens Private Risk Practice
Venbrook Group LLC is expanding its private risk practice by opening of a new West Coast office. Venbrook has also named Christina Oakes executive vice
TD to Pay $28 Million for Sharing Inaccurate U.S. Consumer Data
Toronto-Dominion Bank will pay almost $28 million in fines and restitution after the Consumer Financial Protection Bureau said the lender shared