Insurance companies, tired of losing money, are raising rates, restricting coverage or pulling out of some areas altogether — making it more expensive for people to live in their homes.
Author: Annie George
Sackler Family Will Be Shielded from Lawsuits as Part of $6B OxyCotin Settlement
A federal appeals court cleared the way for the maker of OxyContin to settle thousands of legal claims tied to the opioid epidemic while shielding the wealthy owners of Purdue Pharma, the Sackler family, from future lawsuits.
Nearly 4 Million Kia Cars Have Potentially Explosive Air-Bag Inflators, Document Shows
Several million vehicles made by Korean automotive brand Kia have air-bag inflators that regulators have warned could explode during a crash.
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
The U.S. State Department warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems.
Verisk Acquires Morning Data to Support Digital Transformation of International Broker and MGA Market
Verisk has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents in London and across the globe.
State Farm Will No Longer Provide Home Insurance to New CA Customers
State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs, the company said Friday.
U.S. Product Recalls Hit Four-Year High in 1Q 2023
Data from the first quarter of 2023 shows that the number of product recalls in the U.S. increased 14.2% from the previous quarter.
Tech Execs Warn AI Poses ‘Risk of Extinction’ on Par with Pandemics and Nuclear War
Tech executives and artificial-intelligence scientists are sounding the alarm about AI, saying in a joint statement Tuesday that the technology poses an extinction risk as great as pandemics and nuclear war.
Gartner Agrees to Pay $2.45M to Settle FCPA Charges
Consulting firm Gartner, Inc. has agreed to pay $2.45 million over allegations that it violated the FCPA’s anti-bribery, books and records, and internal accounting controls provisions by bribing officials of the South African Revenue Service (SARS).
USQRisk Appoints Seasoned Actuary to Grow U.S. Alternative Risk Transfer Business
USQRisk, the international managing general agent specializing in alternative risk transfer solutions, today welcomes Alex Chen as Head of U.S. Pricing and Senior Underwriter.