When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country.
Author: Annie George
Dangerous Levels of PFAS Detected in Water for 27 Million
Toxic “forever chemicals” are far more widespread through the country’s drinking water systems than previously known, according to new EPA data released Thursday.
Car Prices Might Be Unsustainable for Buyers
Five years ago, there were a dozen models of new cars that sold for less than $20,000. In 2023, there was only one: the spartan Mitsubishi Mirage hatchback, which accounted for about 5,300 of the 7.7 million new vehicles sold in the U.S. in the first half of the year.
Judge Rules AI-Generated Art Can’t Be Copyrighted
A U.S. District Court judge has ruled that art created by artificial intelligence cannot be copyrighted, in a decision that could impact the Hollywood strikes, in which AI is a key issue.
Private Flood Insurers Seize Opportunities to Grow Market Share
As the federally backed National Flood Insurance Program (NFIP) faces obstacles in the rollout of its new rating program that is generating premium increases for many of its policyholders, the private flood insurance market has benefited by significantly growing its market share across the U.S., according to an issues brief published today by the Insurance Information Institute (Triple-I).
Cyber Price Increases Fall to An Average 3.6% in Q2: CIAB
In the “strongest sign of relief” of the past two years for cyber insurance buyers and their brokers, cyber premiums rose by an average of just 3.6% in the second quarter of 2023, according to the Council of Insurance Agents & Brokers’ (CIAB) latest survey.
U.S. Insurance Giant Marsh Set for $448 Million Honan Deal
Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand.
Companies Are Finding It Harder to Detect Ransomware
Fewer and fewer organizations are detecting ransomware on their networks and their endpoints, but that doesn’t mean that there are fewer ransomware attacks happening around the world.
New York City Officially Bans TikTok on All Government Devices
New York City is joining a wave of federal agencies and states across the U.S. in banning TikTok from government-owned devices, citing security concerns that could be associated with the app.
NAIC to Issue Data Call to Help Regulators Better Understand Property Markets
The National Association of Insurance Commissioners (NAIC) at its 2023 Summer National Meeting announced a plan to issue a data call to help state insurance regulators collect data from insurers to better understand property markets and coverages and protection gaps.