A new study disputes a long-held fear that climate change will lead to a quick, total collapse of the Atlantic Meridional Overturning Circulation (AMOC), the ocean current that brings warmth to northwestern Europe. Scientists from the UK’s Met Office and …
Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million. Results were in comparison to a net loss of $42.4 million for the fourth quarter 2023 and …
In the era of cutting-edge computer modeling, satellite data and AI, there has never been more abundant information on the danger that wildfire poses to homes in the Los Angeles area. But that didn’t necessarily help thousands of homeowners correctly …
A Mississippi city dropped its lawsuit Monday against a newspaper that had its editorial criticizing local leaders removed by a judge in a case that sparked widespread outrage from First Amendment advocates. The city of Clarksdale’s board of commissioners sought …
New York this year could become the 50th U.S. state to accept title insurance, after Gov. Kathy Hochul quietly submitted a single paragraph in her 2026 budget amendments last week. The proposed change “adds a provision stating the attorney general …
Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers. The company had breached its legal obligations under the Superannuation Industry (Supervision) Act 1993 by failing to identify and merge the duplicate accounts of …
Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal changes under the Trump administration. The bank will no longer have “aspirational” goals for diversity and inclusion, which were referenced …
Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European reinsurer for the January catastrophe. The wildfires …
Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm General Insurance Co. on CreditWatch with negative implications. In early February, …
Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals’ mortality risk, according to a new report by reinsurance company Munich Re and analytics firm Klarity. The study …
