In an email to The Standard, a Farmers spokesperson confirmed that the company had “paused” several insurance programs and was limiting the amount of new business it takes on.
Author: Annie George
Deadly Flash Floods, Storms Wreak Havoc on East Coast
Heavy rains and thunderstorms caused devastating flash floods on the East Coast, overwhelming communities and roads in New York state and leaving at least one person dead.
Southern California Edison, Other Utility Companies Pay $22M to Settle Federal Claims Over 2016 Wildfire
Southern California Edison and two other companies have paid $22 million to settle U.S. government claims that they caused a 2016 wildfire that burned thousands of acres of national forest, it was announced Friday.
Sarah Silverman Sues Meta, OpenAI for Copyright Infringement
Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms and OpenAI for allegedly using their content without permission to train artificial intelligence language models.
Insured Cat Losses in Q2 2023 Estimated to Reach ~$17B: Goldman Sachs
Insured losses from major natural catastrophes in the second quarter of 2023 are estimated to reach ~$17 billion, Goldman Sachs has revealed.
WTW Announces Collaboration with Clyde & Co to Help Clients Manage Climate Liability Risks
WTW will offer Clyde & Co’s climate legal and risk expertise as part of its climate analytics and consulting offering to support clients in managing the impact of physical climate risks and their transition to net-zero.
Biden Administration to Crack Down on ‘Junk’ Health Insurance Plans, Surprise Billing
The Biden administration announced new initiatives Friday that could reduce health care costs, though none will take effect immediately.
Hurricane Season Could Turn ‘Hyperactive’ Amid Unprecedented Conditions, New Outlook Warns
Top forecasters from Colorado State University upgraded their hurricane predictions for 2023 and are now calling for a “borderline hyperactive” season in the Atlantic basin, with as many as nine hurricanes expected to form.
Nearly Half of U.S. Drinking Water May Contain Toxic ‘Forever Chemicals’
Nearly half of U.S. tap water samples contain toxic “forever chemicals,” substances used in hundreds of household items from cleaning supplies to pizza boxes to which broad exposure can carry serious health risks, according to a new study.
Meta’s Threads App Sees Early Success, Drawing Advertiser Interest and Twitter’s Ire
Twitter has alleged that Meta might have stolen intellectual property in launch, a charge the company denied. In less than 24 hours, the microblogging app Threads, launched Wednesday by Meta Platforms, has signed up more than 30 million users, surged to the top of app store download charts and become a trending topic on Twitter,… Continue reading Meta’s Threads App Sees Early Success, Drawing Advertiser Interest and Twitter’s Ire