Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk September 11, 2023 By Chad Hemenway Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in...
Non-Life Insurers’ Profits to See Boost From Higher Rates September 11, 2023 Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates...
SpaceX’s Starship Probe Ends With 63 Regulatory Fixes September 11, 2023 By Joey Roulette The U.S. Federal Aviation Administration wrapped up a technical investigation into SpaceX’s April test launch of its giant Starship rocket,...
Lee’s Rapid Growth Rewriting Hurricane Rule Book September 11, 2023 By Jeff Martin Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category...
After Countrywide Pause, InsurTech Hippo Slowly Reemerging Next Week September 8, 2023 By Susanne Sclafane A profitability problem that would have otherwise taken insurtech Hippo half a year to correct is on the mend after...
Viewpoint: Six Ways to Stop Burning Man From Becoming ‘Muddy Man’ Next Year September 8, 2023 By Jonathan Jackson Over 70,000 Burning Man festival-goers were stranded in Nevada’s Black Rock Desert following heavy rain over the weekend. The Pershing...
Kroger to Pay Up to $1.4 Billion to Resolve Opioid Lawsuits September 8, 2023 By Nate Raymond Kroger on Friday said it would pay as much as $1.4 billion to resolve thousands of lawsuits by U.S. states,...
Microsoft to Defend Customers on AI Copyright Challenges September 8, 2023 Microsoft will pay legal damages on behalf of customers using its artificial intelligence (AI) products if they are sued for...
Hurricane Lee Strengthens to Category 5 Storm September 8, 2023 By Brian K. Sullivan Hurricane Lee has become the strongest Atlantic storm since 2019 with winds of 165 miles (266 kilometers) per hour, and...
Facebook Settlement Lawyers Want ‘Nick Bosa Money,’ Judge Says September 8, 2023 By Joel Rosenblatt Lawyers who sued Facebook over user privacy violations are seeking $180 million in attorneys fees — a sum the judge...