Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global insured losses, according to …
ATLANTA (AP) — The city of Atlanta has temporarily closed three of its more than 30 fire stations because of truck breakdowns and a shortage of firefighters. Atlanta Fire Rescue Chief Roderick Smith told a City Council committee of the …
One person was injured and passengers were evacuated Wednesday after an explosion in the engine room of a small cruise ship docked in Maine`s Portland Harbor, officials said. The injured person, a member of the crew, was taken to a …
QuoteWell, a tech-enabled commercial insurance wholesale brokerage that is at the forefront of innovating the distribution side of insurance, announced the launch of its brokerage operations to serve independent retail agents. QuoteWell helps agents who are often overlooked and given …
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow us to become more dynamic, agile, and streamline …
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace. The California Department of Motor Vehicles` indefinite suspension of …
Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s product development and geographical expansion plans, while giving Markel further …
Oregon prosecutors have charged an off-duty pilot accused of trying to cut the engines on a Horizon Air jet in mid-air with 83 counts of attempted murder. The Multnomah County District Attorney’s Office in Portland filed the charges just before …
Pharmaceutical firm Pfizer Inc. has agreed to pay $2 million to resolve alleged compensation discrimination affecting female employees at the federal contractor’s New York City headquarters. The U.S. Department of Labor (DOL) announced it entered into a conciliation agreement with …
As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and Infrastructure Security Agency, said on this episode of The Insuring Cyber Podcast that …