MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …
The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia James said on Thursday. Wegmans was accused …
For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …
Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding …
Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural …
The Supreme Court on Wednesday allowed a former state trooper to sue Texas over his claim that he was forced out of his job when he returned from Army service in Iraq. The justices ruled for Army veteran Le Roy …
The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York that does not offer an exemption for religious reasons. The court’s action follows a decision in December …
Cain Velasquez, the former UFC heavyweight champion accused of trying to kill the man he claims molested his 4-year-old son, is suing the man and his family who own a day care where the alleged molestation occurred. Velasquez was arrested …
Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 …
Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals received final legislative approval on Wednesday. The House voted unanimously to accept a version of legislation passed in the Senate last week …