1 06, 2026

Verisk: Hail Volatility, Aging Roofs Driving Higher Severity

By | June 1st, 2026|Uncategorized|Comments Off on Verisk: Hail Volatility, Aging Roofs Driving Higher Severity

Average U.S. residential roof replacement costs jumped 33% and repair costs rose 25% in 2025 compared to the prior four-year average despite a sharp decline in claims volume, a new report shows. Verisk’s 2026 U.S. Roof Report shows everyday wind …

1 06, 2026

Southern California Property Fight That Hit Several Banks Spurs $1.34B Award

By | June 1st, 2026|Uncategorized|Comments Off on Southern California Property Fight That Hit Several Banks Spurs $1.34B Award

A years-long dispute over a portfolio of commercial properties in Southern California that sparked credit concerns at several banks last year has led to a roughly $1.34 billion arbitration award. Real estate owner Mohammad Honarkar was “fraudulently induced” into doing …

1 06, 2026

Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards

By | June 1st, 2026|Uncategorized|Comments Off on Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards

As the 2026 hurricane season blows in today and a state-funded wind-mitigation program remains as popular as ever, a Florida entrepreneur named John Smith wants a word. The My Safe Florida Home program, providing matching grants for window and door …

1 06, 2026

Trump Administration Wants North American Auto Content at 82%, With Half From US

By | June 1st, 2026|Uncategorized|Comments Off on Trump Administration Wants North American Auto Content at 82%, With Half From US

The Trump administration wants to increase the level of regional content in North American-built vehicles to 82% to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement on trade, with 50% of that value produced in the United States, four people …

1 06, 2026

Ex-Shield AI Worker Sues Over ‘Profane, Egregious’ Acts by Senior Official

By | June 1st, 2026|Uncategorized|Comments Off on Ex-Shield AI Worker Sues Over ‘Profane, Egregious’ Acts by Senior Official

A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup. Jacob Miller said in his lawsuit that he was …

1 06, 2026

San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities

By | June 1st, 2026|Uncategorized|Comments Off on San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities

In San Francisco’s latest real estate boom, renters are paying cash up front, multimillion-dollar houses are selling auction-style and AI company stock can buy a sprawling hilltop estate. It’s a reflection of the new wave of wealth from the artificial …

1 06, 2026

Insurance Platform Corgi Valued at $2.6B in Funding Round

By | June 1st, 2026|Uncategorized|Comments Off on Insurance Platform Corgi Valued at $2.6B in Funding Round

AI insurance platform Corgi said on May 28 it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion. The funding round underscores strong investor appetite for startups using artificial intelligence to …

1 06, 2026

Property Fight That Hit Several Banks Spurs $1.34 Billion Award

By | June 1st, 2026|Uncategorized|Comments Off on Property Fight That Hit Several Banks Spurs $1.34 Billion Award

A years-long dispute over a portfolio of commercial properties in Southern California that sparked credit concerns at several banks last year has led to a roughly $1.34 billion arbitration award. Real estate owner Mohammad Honarkar was “fraudulently induced” into doing …

1 06, 2026

Honda Recalling 99,000 US Vehicles Over Airbag Issues

By | June 1st, 2026|Uncategorized|Comments Off on Honda Recalling 99,000 US Vehicles Over Airbag Issues

Honda Motor is recalling 98,892 vehicles in the United States over a defect involving unintentional deployment of air bags, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Related: Stellantis Recalling 419K US Vehicles for Improper Side Air …

1 06, 2026

People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors

By | June 1st, 2026|Uncategorized|Comments Off on People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors

Pharmacists Mutual Insurance Group announced the appointment of Felix Gallagher, PharmD, as Chair of its Board of Directors. Gallagher succeeds Sue Sutter, who has served as Board Chair since 2024 and concludes 21 years of service on the Board. Gallagher …