Insurers Face Business Interruption Claims After Global Tech Outage July 22, 2024 Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance...
With American Mobile Cancellations, Florida Mobile Home Market Has ‘Fallen Apart’ July 22, 2024 By William Rabb Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with moderate rate increases and...
New Jersey Group Eyes Insurance Surcharges, Oil Fees to Fund Resiliency Projects July 22, 2024 By Wayne Parry A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum...
People Moves: Risk Strategies Names Bagwell Commercial Lines Leader in West July 22, 2024 Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is...
Hurricane Beryl Caused Estimated $2-3B in Insured Losses to US Property: Verisk July 19, 2024 Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion...
Global IT Crash That Blocked 911 Calls and Grounded Planes Eases July 19, 2024 By Amy Thomson, Shona Ghosh and Vlad Savov In what will go down as the most spectacular IT failure the world has ever seen, a botched software update...
Tesla’s California Car Registrations Fall for Third Straight Quarter July 19, 2024 By Akash Sriram and Hyunjoo Jin Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that...
People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO July 19, 2024 Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its...
Why Texas Mass Power Outages Continue to Happen July 19, 2024 By Alejandra Martinez, The Texas Tribune and Emily Foxhall, The Texas Tribune It’s become a familiar cycle: A powerful storm sweeps through a swath of Texas and takes the electric system down...
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden July 19, 2024 A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to...