Severe Weather Spawns Tornado, Damage and One Death in South, Midwest
Thousands of homes and businesses were without power this week as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania,...
View ArticleNY Area Rattled by 4.8 Magnitude Quake, Followed by Aftershock
The New York area’s strongest earthquake in 140 years rattled northern New Jersey on Friday morning, shaking office buildings in Manhattan and snarling travel. The preliminary 4.8-magnitude temblor was...
View ArticleTaiwan Property Insurers Likely to Remain Profitable Despite Quake Losses:...
The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are...
View ArticleUS Eyeing Ship’s Electrical System After Baltimore Bridge Crash
Federal investigators looking into what caused a ship to crash into a vital Baltimore bridge last month are honing in on the vessel’s electrical system, US National Transportation Safety Board Chair...
View ArticleViewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries
Executive Summary: While the advancement of technology in electric vehicles and other lithium-ion powered goods facilitates energy transition from fossil fuels, the fire risks associated with such...
View ArticleGlobal Election Super-Cycle Raises Risk of Political Violence, Large...
Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a...
View ArticleEurope’s Wildfires in 2023 Were Among Worst This Century: Report
The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published on Wednesday. Last year, more than half a million (504,002) hectares, an...
View ArticleHawaiian Electric Hits 40-Year Low Ahead of Maui Fire Report
Hawaiian Electric stock hit a 40-year low in the wake of a local news report that a probe of the devastating Maui fires does not find fault with first responders. Shares fell as much as 18% to $8.74,...
View ArticleWildfires Are Upending Some of the Safest Bets on Wall Street
When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit...
View ArticleAccuWeather: Record Warm Winter Costs Businesses Billions in Losses
Unseasonably warm winter weather cost businesses and event planners in the northern Plains and upper Midwest billions of dollars in estimated losses, according to estimates from AccuWeather. Minnesota,...
View ArticleEVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where consumer uptake has stagnated...
View ArticleThe Cars of The Future Are Arriving. How Can Auto Insurance Adapt? It’s...
When cars began to hit American roads in great numbers a little more than a century ago, they did more than create a sense of freedom (and, eventually, traffic jams). They created new markets in a wide...
View ArticleNord Stream Insurers Deny Policies Covered War Risks In UK Lawsuit
Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at...
View ArticleEPA Designates PFAS Chemicals as Superfund Hazardous Substances
The U.S. Environmental Protection Agency on Friday designated a pair of widely used industrial chemicals as hazardous substances under the country’s Superfund program, accelerating a crackdown on toxic...
View ArticleSouth Carolina Allows Out-of-State Adjusters After Massive Hail Storm
In the wake of last week’s widespread hail storm that damaged homes and automobiles, the South Carolina director of insurance said that emergency rules allow out-of-state adjusters and appraisers to...
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