This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by S&P Global Market Intelligence. The firm’s 2016 U.S. …
The University of Massachusetts has won state and federal approval of plans to protect the system’s campuses from natural hazards. School officials say it’s necessary to prepare for threats such as storms or flooding amid climate change and the extreme …
The lava flow from Kilauea’s Puu Oo in remains active and is now only about a half a mile away from the ocean The Hawaiian Volcano Observatory reported that the lava had been circulating and occasionally spattering at Halemaumau Crater. …
Containment has increased on a wildfire north of Los Angeles, which has grown to more than 58 square miles. Officials report the blaze is 25 percent surrounded as of today, and most of the evacuation orders affecting 10,000 homes were lifted …
The contractors who built Bertha the tunnel machine in Washington two years ago have filed a lawsuit seeking $11 million in extra pay. The Seattle Times reported that the contractors contend that their efforts working with tough soil conditions cost …
Tropical Storm Darby, which formed off the coast of Mexico on July 11, quickly reaching hurricane status as it moved westward toward Hawaii finally reaching landfall on Monday, according to catastrophe modeling firm AIR Worldwide. However, the hurricane weakened on …
The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and negative interest rates also raise risks, a U.S. government monitor said on Monday. In its biannual update on U.S. stability, …
A Southern California man has been sentenced for grand theft for posing as a licensed insurance broker, selling insurance to commercial truckers and then pocketing premiums. Cristian Raul Videla, 34, of Van Nuys, Calif., pleaded no contest this week to …
A Washington woman injured in a robbery at her workplace pleaded guilty this week to felony theft. Yurizan Cuevas, 33, of Federal Way, reportedly worked full time as a nanny while claiming she was too disabled to work Cuevas was …
Providence Health & Services in Oregon is notifying about 5,400 current and former patients that a former employee may have improperly accessed their patient records. Providence said in a statement that it learned of the breech in May during an …