Risk
IBHS: Parcel, Community Level Mitigation Needed to Avoid Catastrophic Wildfire Devastation
A new report highlights the need for action at both the parcel and community levels to reduce the likelihood of catastrophic conflagration during wildfires, according to a report by the Insurance ...
U.S. Auto Safety Agency Reports 28th Death Due to Airbag Inflators
The National Highway Traffic Safety Administration said on Tuesday it had confirmed the 28th death in the United States stemming from defective Takata airbag inflators since 2009. The issue has ...
California Legislation to Ban Deepfakes, Protect Workers and Regulate AI Approved
California lawmakers approved legislation last week aimed at regulating the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving ...
AAA: Driving Habits Stabilize Since Pandemic, But Older Cars Pose Safety Issues
The results of the 2023 American Driving Survey reveals that overall driving patterns have rebounded from the COVID-19 pandemic, according to the AAA Foundation for Traffic Safety. The percentage of ...
Canada’s 10 Worst Natural Disasters Totaled $30B in Annual Insured Losses
Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities. Insured losses from natural ...
Maui Judge Agrees to Seek State Supreme Court Insight Into Ruling Limiting Insurers’ Subrogation Rights
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year's devastating Maui wildfires. Judge Peter Cahill on Maui agreed Friday to ...
New Method Could Give Months’ Warning of Major Earthquakes
The public could have days or months of warning about a major earthquake through identification of prior low-level tectonic unrest over large areas, according to research by a University of Alaska ...Sunk Superyacht Likely to Cost Insurers at Least $150M, Sources Say
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by ...