In the warming Florida market, post-legislative reforms, much of the focus has been on homeowners’ property insurance rates. But one segment has been overlooked to a degree: multifamily dwellings, a category that includes everything from duplexes and fourplexes to big …
Commonwealth University, part of the Pennsylvania public education system, has launched academic offerings in risk management and insurance (RMI) designed to prepare students for careers in the insurance, financial services and corporate risk management industries. The RMI concentration combines finance …
Even as automated vehicles such as robotaxis grow more prevalent in the U.S., almost every mass transit system still requires a driver or operator on board. Two major cities are seeking to change that. Officials in Washington, D.C., recently advanced …
Private plaintiffs’ lawyers stand to collect up to $1.27 billion from New Mexico if the state’s $25 billion court win against Meta Platforms this week is upheld, according to a Reuters review of a contract with the state. New Mexico …
PG&E Corp. said it may spin off, sell or otherwise separate its natural gas business if California doesn’t overhaul its wildfire liability rules. The utility’s 4 million gas customers are bearing borrowing costs associated with the company’s sub-investment-grade credit because …
Exxon Mobil Corp. has lost its appeal of an $815.5 million compensatory damages judgment that was awarded to a Mobil gas station mechanic who developed leukemia after years of exposure to benzene in its gasoline. On October 15, a three-judge …
Assicurazioni Generali SpA plans to reduce around 9% of its workforce in Germany and downsize locations as part of a simplification effort in the European country. Generali plans to set up five regional centers in Munich, Cologne, Karlsruhe, Hamburg and …
Safety company Navigate360 on Oct. 23 acknowledged hackers had broken into one of its systems and copied months’ worth of data, seven months after a widely publicized breach exposed millions of crime tips. In a statement, Navigate360 said names, addresses, …
Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability. GMO Internet Group, a leading provider of online financial services, said customers would be compensated for …
The United Arab Emirates shut more beaches after an oil spill in the Persian Gulf raised concerns over environmental and health impacts. Sharjah said Al Hamriya Beach has been closed as a precautionary measure to prevent pollution from the oil …