Beijing Urges Residents Indoors as Foot of Rain Looms Overnight
Authorities in Beijing warned that parts of the Chinese capital could see more than 300 millimeters (12 inches) …
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Marsh Japan Agrees to Acquire Mitsubishi Electric’s Insurance Agency
Marsh Japan has agreed to purchase Mitsubishi Electric Corp.’s in-house insurance agency, Mitsubishi Electric Insurance Service Co. Ltd., …
California Utility Fund to Compensate Victims of January’s Deadly Eaton Fire Near LA
Southern California Edison announced last week that it will create a program to compensate victims of January’s devastating …
Majority of Allianz Life US Customer Data Stolen in Hack
U.S. insurance giant Allianz Life said on Saturday that hackers stole the personal information of the majority of …
AM Best Upgrades Credit Rating of Texas’ New Horizon
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer …
New Expert Report Cites 6 Urgent Actions to Address Insurance Crisis
California is in the midst of an insurance crisis, and a new report highlights several contributing factors, including …
Appeals Court Rules Insurer Can’t Sue for Unjust Enrichment by Deceptive Insured
A decision by a federal appeals court last week shows what limited options insurance carriers have when they …
Michigan Manufacturer Sued for Sexual Harassment
East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, violated federal law when it subjected female production …
Forest Clearing Causes 18x More Floods and 105% Bigger Storms: Study
Clear-cutting forests doesn’t just raise flood risk — it can supercharge it. The process of clearing all of …
Senator to Unveil Aviation Safety Bill on Eve of Fatal Crash Hearing
The chair of the U.S. Senate Commerce Committee will introduce broad aviation safety legislation on Tuesday on the …