Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of […]
Many commercial auto insurers are in a holding pattern, waiting to see how some states’ litigation reforms are enacted and enforced. However, there seems to be some positive signs for buyers. Insurance Journal’s Andrea Wells […]
The European Union proposed a complete ban on imports of Russian liquefied natural gas from Jan. 1, 2027, as part of its latest measures to curb President Vladimir Putin’s ability to wage Moscow’s war against […]
Transportation company Lyft has paid the state of New Jersey $19.4 million to settle a case involving misclassification of more than 100,000 drivers as independent contractors. According to the New Jersey Department of Labor and […]
British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority said on Friday. Insurers including Direct Line Insurance Group Plc and Admiral Group Plc are […]
Hong Kong is facing a period of heavy rain and strong winds as two storms brew in warm tropical waters, with one system forecast to intensify into a super typhoon next week. A tropical depression […]
Xiaomi will issue a software update for over 115,000 of its popular SU7 electric sedans to fix potential safety issues when its assisted driving features are used, a Chinese regulator said in a product recall […]
Nippon Life Insurance Co. sees its overseas project finance lending climbing 11% to a record high this year due to surging demand to fund AI data centers in the US and elsewhere. The outstanding amount […]
It should come as no surprise that Hollywood has not made many movies about insurance—arguably among the least glamorous of industries. However, there are three insurance-themed films worth watching. Two from the 1940s film noir […]
The Trump administration on Thursday launched an effort to speed development of power plants and transmission lines as artificial intelligence boosts demand, even as it orders fossil fuel plants set to shut for good to […]
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