Insurance

Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The storm affected France, Belgium, the United Kingdom, and …

Missouri`s second-largest county will pay a $1.2 million settlement to the parents of a 21-year-old man with mental health concerns who, according to a lawsuit, screamed “I can`t breathe” as he was subdued by jail staff before dying in a …

Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday. The decision came in April after the utility sought advice …

London’s marine insurance market has widened the area in the Red Sea it deems as high risk amid a surge in attacks on commercial ships, according to a statement issued on Monday. Guidance from the Joint War Committee, which comprises …

Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California’s civil rights agency on behalf of women employed by the video game maker. The settlement, which is subject to court approval, resolves allegations that …

The departments of insurance in California, New York and New Jersey approved double-digit auto rate increases for Allstate in the three states that the carrier considered exiting in the absence of approvals, the Northbrook, Ill.-based carrier announced on Thursday. For …

McDonald’s Corp. will survey its US franchisees about their child-labor practices — a step toward tightening compliance following a series of violations by restaurant operators. The US Department of Labor fined franchisees in Kentucky, Pennsylvania, Tennessee, Louisiana and Texas this …

WINSTON-SALEM, N.C. (AP) — One child was killed and another was injured when a Christmas tree caught fire in a North Carolina manufactured home Tuesday evening, according to fire officials. Firefighters called to a home on Fanning Pointe Lane in …

Unprecedented industry losses and unprofitability in homeowners and auto insurance will significantly impact pricing and availability in 2024, especially in catastrophe-prone areas and states with challenging regulations, Alera Group forecasted in a December study. In its 2024 P&C Market Outlook, …

FORT LAUDERDALE, Fla. (AP) — It’s beginning to look at lot like … hurricane season — at least across much of South Florida, where it’s been windy and rainy for two days and the forecast predicts more of the same …