Praedicat Inc., the Los Angeles-based liability emerging risk analytics company, announced the launch of its new Risk Scenario Analysis Platform, which widens the cross-line clash scope of its scenario suite. The platform also makes it easier for syndicates at Lloyd’s …
KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable to most African farmers – insurance. …
California officials on Thursday voted to toughen oversight of Pacific Gas & Electric, saying the utility had largely failed to perform required tree-trimming work near power lines in areas with the highest risk of wildfires. The unanimous vote by the …
A sheriff’s deputy who fell asleep at the wheel of a patrol vehicle near the Vermont border and slammed into another car head-on, killing the other driver, will not face criminal charges, New York’s attorney general said Thursday. Susan Harrington, …
California lawmakers rejected a bill that would have banned fracking in the state, succumbing to pressure from the powerful oil and gas industry and their labor union allies who warned the bill would have cost good-paying jobs. The bill was …
JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million rand ($17.5 million) in the first year, the health minister said in response to questions in parliament. The African country …
Legislation intended to increase injured California workers’ access to medical care by requiring the state to create a medical provider network as an alternative to private networks that render 90% of California workers’ compensation treatment would significantly increase medical costs …
More than 250 firefighters in Cape Town are battling a massive blaze that broke out on the slopes of the city’s Table Mountain on Sunday and spread to a university campus, severely damaging at least three buildings and forcing student …
Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an improvement over 2019 when 13 impairments were …
The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposed 18.7% dwelling insurance rate increase, averting a potentially costly administrative battle with insurance companies, NCDOI said in a statement. The …