Insurers are preparing for an above-average loss event as a result of floods hitting in southern Germany. “The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many claims reports,” according to Jörg Asmussen, managing director …
The University of Virginia will pay $9 million in a settlement related to a 2022 campus shooting that killed three football players and wounded two students, a lawyer representing some of the victims and their families said last Friday. But …
Oregon utility regulators have rejected a request from PacifiCorp that sought to limit its liability in wildfire lawsuits. Under the proposal, PacifiCorp would only have been responsible for paying out actual economic damages in lawsuit awards. The company submitted the …
New Hampshire safety officials last Thursday upheld the license suspension of a commercial truck driver who was acquitted in the 2019 deaths of seven motorcyclists but said another hearing will be held to determine how long the suspension will last. …
The Florida Office of Insurance Regulation has posted a new reporting form for catastrophe claims data for the 2024 hurricane season. Florida law requires property insurers to report a wide range of information after storms. The form standardizes the data …
TALLAHASSEE, Fla. (AP) — Recovery from a May 10 tornado outbreak has cost Florida’s capital city $50 million so far, Tallahassee Mayor John Dailey said Friday. Florida officials have requested that the Federal Emergency Management Agency declare a major disaster, …
The U.S. Department of Agriculture (USDA) is responding to the agricultural devastation caused by tornadoes and flooding in the Midwest. On May 24, Farm Service Agency (FSA) Administrator Zach Ducheneaux signed an Administrator’s Physical Loss Notification (APLN), making 29 counties …
InsureTrust, an Atlanta-based specialty broker specializing in cyber risk, has named Sonja Kozel as senior vice president. Kozel, with 10 years in the business, previously led sales for Cowbell, a cyber insurance company, and for Markel Specialty. She graduated from …
Parts of Texas and the western US are being warned of high temperatures on Tuesday, putting electric grids to the test as residents turn to air conditioning to stay cool. Heat advisories are up across central and southern Texas from …
A top US spy chief said China is increasingly using its companies to find vulnerabilities in their own computer networks and then tapping that knowledge to target foreign nations and industries. “We’re really seeing China be very aggressive,” General Timothy …