Seven tornados tore through parts of Pennsylvania and New Jersey during last Wednesday night’s storm, including an EF-3 that damaged homes and businesses in the Garden State, according to the National Weather Service. Forecasters said surveys of storm damage indicated …
U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings report, the sector got a break in 2020 because …
Bernardo Promoted Within RT Specialty’s Environmental and Construction Practice Gina Bernardo has been promoted to account manager within the environmental and construction professional (ECP) practice of RT Specialty. She is based in RT ECP’s Hamilton, New Jersey, offices. Since joining …
Do passengers want self-driving cars to mimic their personal driving behaviors or do they hold these autonomous vehicles to a different standard? Recent studies have shown that people have negative attitudes about using autonomous systems because they don’t trust them. …
Following her visits to communities impacted by flooding from Hurricane Ida, New York Governor Kathy Hochul signed a request to President Biden for an expedited major disaster declaration. With presidential approval, the declaration would deliver individual and public assistance for …
The huge wildfire near the Lake Tahoe resort region was about half contained as of Tuesday night, with the head of California’s firefighting agency saying crews largely have been able to keep flames away from populated areas. “We’ve been able …
The California Department of Insurance issued cease and desist orders to four companies allegedly engaged in selling home warranty contracts in the state without proper authorization. Under the orders, the companies must immediately stop selling the contracts. Any company marketing …
Renaissance Insurance Group is planning to hold an initial public offering on the Moscow Exchange potentially as early as this autumn, a source familiar with the preparation for the listing told Reuters on Friday. The source, who asked not to …
Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in late 2020 and began writing reinsurance risk on January 1, 2021, through its Bermuda company, Vantage Risk Ltd. Vantage has since …
The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and Tobago following a rainfall event that occurred during August 18-20, 2021. The heavy rainfall resulted in flooding and landslides across …