Let’s take a look at catastrophe-related perils that could impact any business in a post-pandemic and/or stabilized economy—specifically, ingress/egress limitations and power outages. Ingress and egress are terms to reference the act of entering and leaving a location. In the … Source: Claims Journal

A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more frequently unavailable coverage for their clients, a crisis many of them blame on regulations and wildfires. Wildfires have made the … Source: Claims Journal

A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing … Source: Claims Journal

Elderly drivers now account for one-in-four fatal crashes in the U.S., a new study shows. Licensed drivers over age of 70 have risen in the previous decade, according to a report from ValuePenguin, a finance website specializing in research and … Source: Claims Journal

Whole Foods has reached an agreement to settle a lawsuit accusing it of illegally firing a worker who refused to remove her Black Lives Matter facemask and complained about racism at the Amazon.com-owned upscale grocery chain. A lawyer for Whole … Source: Claims Journal

Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with moderate rate increases and more availability. But those calmer waters apparently have not reached the mobile home market, and Florida insurance agents are now … Source: Claims Journal

The U.S. Transportation Department said on Tuesday that it is opening an investigation into Delta Air Lines after the carrier canceled more than 5,000 flights since Friday as it struggles to recover from a global cyber outage that snarled airlines … Source: Claims Journal

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for … Source: Claims Journal

U.S. severe convective storms continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated $61 billion in global H1 insured losses from natural disasters, SCS accounted for a minimum $37 billion – or 61% … Source: Claims Journal

Pinnacle Actuarial Resources Inc. added Sara Chen, Nathan Dykstra and Juhyun Shin as consulting actuaries. Chen was most recently as an actuarial senior consultant for Nationwide. She has worked in the industry since 2017 and is located in Des Moines, … Source: Claims Journal