A new study disputes a long-held fear that climate change will lead to a quick, total collapse of the Atlantic Meridional Overturning Circulation (AMOC), the ocean current that brings warmth to northwestern Europe. Scientists from the UK’s Met Office and …

Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million. Results were in comparison to a net loss of $42.4 million for the fourth quarter 2023 and …

In the era of cutting-edge computer modeling, satellite data and AI, there has never been more abundant information on the danger that wildfire poses to homes in the Los Angeles area. But that didn’t necessarily help thousands of homeowners correctly …

A Mississippi city dropped its lawsuit Monday against a newspaper that had its editorial criticizing local leaders removed by a judge in a case that sparked widespread outrage from First Amendment advocates. The city of Clarksdale’s board of commissioners sought …

New York this year could become the 50th U.S. state to accept title insurance, after Gov. Kathy Hochul quietly submitted a single paragraph in her 2026 budget amendments last week. The proposed change “adds a provision stating the attorney general …

Last week the Federal Court fined Australia’s biggest superannuation company, AustralianSuper, A$27 million for overcharging customers. The company had breached its legal obligations under the Superannuation Industry (Supervision) Act 1993 by failing to identify and merge the duplicate accounts of …

Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal changes under the Trump administration. The bank will no longer have “aspirational” goals for diversity and inclusion, which were referenced …

Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European reinsurer for the January catastrophe. The wildfires …

Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm General Insurance Co. on CreditWatch with negative implications. In early February, …

Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals’ mortality risk, according to a new report by reinsurance company Munich Re and analytics firm Klarity. The study …

New fathers are more likely to be eligible for state paid parental leave programs but less likely to take the time off, leaving as much as $1.6 billion on the table annually in New York alone, according to a new …

Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300 insurance professionals including account managers, agency …

Two years ago, Rudy Diaz made a gutsy bet. The 45-year-old owner of Hight Logistics, a trucking company that hauls containers from the bustling ports around Los Angeles, began adding some of the country’s first electric heavy-duty trucks to his …

A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San …

Insurance agents in Florida and beyond are finding that some of their toughest competition now seems to be coming from firms that aren’t really insurance agencies at all – at least not in the historical sense of the word. “They’re …

The California Labor Commissioner’s Office cited a homecare provider $2.3 million for misclassifying caregivers in a test of a new law the went into effect in January. The LCO issued the fines to Amity In-Home Care Services Inc. for misclassifying …

A bill that would create a study on the impact of insurance rating factors in Washington, including credit history, is moving through state Legislature. Senate Bill 5589 has passed out of committee in the Washington State Senate. The bill was …

Various media outlets have reported shots were fired into the home of the head of Oregon worker’s compensation insurer SAIF Corp. The outlets are reporting that the early-morning Feb. 21 shooting occurred at the Lake Oswego home of the SAIF …

Apple Inc. investors rejected an outside shareholder proposal to end the iPhone maker’s diversity, equity and inclusion efforts, though Chief Executive Officer Tim Cook said that the company may make some adjustments to the program. The company conducted the vote …

A Texas pipeline company’s lawsuit accusing Greenpeace of defamation, disruptions and attacks during protests against the Dakota Access Pipeline goes to trial in North Dakota on Monday, in a case the environmental advocacy organization says threatens free speech rights and …