New York State experienced 74 worker deaths in 2023, a 48% increase over 2022’s 50 deaths, according to an annual report by an occupational safety nonprofit. The report by the New York Committee for Occupational Safety and Health (NYCOSH) found …
The number of wildfires in Maryland during 2024 was much higher than the ten-year average, but acreage burned was significantly lower. In Maryland, 165 fires burned 953.4 acres during 2024, compared to 199 wildfires in 2023 that burned approximately 4,483 …
Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions. In a new report, AM Best points …
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 …
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 …
Researchers at the Wuhan Institute of Virology in China said they discovered a new coronavirus in bats that enters cells using the same gateway as the virus that causes COVID-19. This virus hasn’t been detected in humans, merely identified in …
California’s Highway One, stretching more than 650 miles along the Pacific Coast, is one of America’s most popular roadways because of its breathtaking views. Yet, since 2023, large chunks of it have been closed. That year, a series of atmospheric …
The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation is still outpacing the Consumer Price Index, and we could see primary insurers continuously increasing premium rates in 2025. While …
The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25 billion (US$2.2 billion), according to the Insurance Bureau of Canada, quoting statistics issued by Catastrophe Indices and Quantification Inc. (CatIQ). …
Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers (ABI). The record claims come following …
