Insurance

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Buckeye State Mutual Insurance Company and its affiliate, Home and Farm …

Georgia lawmakers this year put an end to direct-action lawsuits against trucking companies’ insurers, but that did not come soon enough to bar litigation brought by people involved in accidents with ride-sharing services. The Georgia Court of Appeals this week …

The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen’s Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for the trade route, industry sources said on Wednesday. Iran-aligned …

A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology. During a nearly four-hour hearing, the Texas Senate Business and Commerce …

A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral “blackout challenge” in which users of the social media platform were dared to choke themselves …

Cody Chiverton has spent the past decade lighting fires. As a former firefighter with the U.S. Forest Service, he participated in dozens of prescribed burns across the American West, in which fire-prevention teams would carry drip torches to ignite dry …

Two workers were killed and a third was injured when an airplane tire apparently exploded at a Delta Air Lines maintenance shop at Hartsfield-Jackson International Airport in Atlanta, prompting an investigation by the U.S. Occupational Safety and Health Administration. The …

AccuWeather meteorologists are warning that the Atlantic hurricane season could intensify in the coming weeks as less wind shear and less dry air create conducive conditions for storm development. AccuWeather is forecasting six to 10 named storms to form in …

Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows. For car insurance, so-called policy shopping rates — essentially the share of …

Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday. Industry association Bitkom surveyed around 1,000 companies …