A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off. “As the United States faces …
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …
Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than $5 billion so far this year, according …
TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors. Plaintiffs’ attorneys Joseph VanZandt of Beasley Allen and Emily Jeffcott of Morgan & Morgan confirmed TikTok had resolved …
Brown & Brown anticipates that the cost of the Howden-driven talent war for the full-year 2026 could hit $60 million – an increase from the $31 million it estimated last quarter. “Based on currently available information, we anticipate the full-year …
Amazon’s Zoox unit won U.S. approval on Wednesday for limited commercial deployment of its novel steering-wheel-free robotaxis, a first for the autonomous ride industry, the U.S. auto safety agency said Thursday. The exemption from National Highway Traffic Safety Administration rules …
A 7.1-magnitude earthquake hit Japan’s southern Kumamoto prefecture on Tuesday, knocking out power to thousands of homes, rupturing roads and leaving some trapped and others presumed dead inside a partially collapsed shopping mall. Speaking to reporters in Tokyo, Japanese Prime …
Edison International’s Southern California utility is urging a Los Angeles judge not to find the company liable for property damages from a 2025 Los Angeles wildfire that destroyed more than 9,400 buildings. Southern California Edison argued in a court filing …
Rimkus named Chris Rayasam CEO and president. Rayasam, who will also join the board of directors, will be in charge of Rimkus’ reinforcement of its global forensic engineering capabilities, which include vehicle accident reconstruction and digital forensics, and he will …
Rimkus named Chris Rayasam CEO and president. Rayasam, who will also join the board of directors, will be in charge of Rimkus’ reinforcement of its global forensic engineering capabilities, which include vehicle accident reconstruction and digital forensics, and he will …