VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage February 26, 2022 By Monica Raymunt Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last...
California Commissioner Wants to Require Insurers to Factor Wildfire Safety Steps into Pricing February 25, 2022 California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of...
Lemonade Execs Expect ‘Peak Losses’ in 2022 February 25, 2022 By Susanne Sclafane With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs February 25, 2022 Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the...
Fire Destroys Historic Los Angeles Poor Farm Buildings February 25, 2022 Several abandoned buildings at the historic Los Angeles County Poor Farm were destroyed by fire, fire departments said. At least...
Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs February 25, 2022 Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on...
Washington Inmate’s Family to Get $3.75M in Cancer Death February 25, 2022 Washington state will pay $3.75 million to settle a wrongful-death lawsuit brought by the family of a man who died...
Montana Jury Awards $36.5M to Former Libby Miner With Lung Disease February 25, 2022 A Montana jury has awarded $36.5 million in damages to an Oregon man who suffers from lung disease because of...
U.S. Won’t Give Water to California Farmers Because of Drought February 25, 2022 By Adam Beam With California entering the third year of severe drought, federal officials said Wednesday they won’t deliver any water to farmers...