Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses
Average cyber insurance claim severity for large accounts in the U.S. nearly doubled in 2025, according to a new Chubb report. The insurer’s 2026 Cyber Claims Report found that average severity for businesses with $1 billion or more in revenue …
Sarasota Homeowners Say Breach in County Dike Caused Flooding in Hurricane Debby
More than 100 homeowners have charged in a lawsuit that officials in Sarasota County, Florida, failed to maintain a dike for years, allowing Hurricane Debby’s floodwaters to inundate homes throughout an upscale subdivision. “Engineering modeling analysis has confirmed that without …
Investigators Find Mississippi Gas Pipes Separated but Utility Discounted the Danger
Separate natural gas explosions in January 2024 that destroyed two homes in Jackson, Mississippi resulted from underground pipes pulling loose from their fittings as spongy clay soil expanded and contracted with rainfall, according to a federal report released Thursday. The …
2 Students Dead and Others Injured in Tennessee School Bus Crash
A school bus crash in west Tennessee on Friday killed two students and injured at least seven other people, officials said. The crash involving a Tennessee Department of Transportation dump truck, a Chevrolet Trailblazer and the school bus took place …
Study: Rebuilding LA to Wildfire Safety Standards Could Lower Future Fire Losses
A new analysis from the California Department of Insurance and the National Association of Insurance Commissioners shows that rebuilding the communities destroyed by the January 2025 Palisades and Eaton fires to a standard set by the Insurance Institute for Business …
Inszone Acquires Streeter Brothers Insurance in Montana
Inszone Insurance Services acquired Streeter Brothers Insurance in Billings, Montana. Streeter Brothers Insurance will continue operating from its current Billings location, with the existing team remaining in place. Founded in 1922 by Delton and Delbert Streeter, Streeter Brothers Insurance has …
Teens Get Probation for Making Fake Nudes of Students; Claim Against School Expected
Two teenage boys who used artificial intelligence to create fake nude photos of their classmates at an exclusive private school in Pennsylvania received probation last Wednesday after dozens of victims described the images’ traumatizing effect on them. The boys were …
Crypto ‘Insurance’ Might Not Protect Customers From Theft
When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn’t too worried. He had signed up for Coinbase One, a $29.99 monthly subscription that promised up to $1 million of account protection. Coinbase’s response? …
Baseball Player Sues His Parents, Alleging They Are Misusing His Money
Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large amounts of his money into financial accounts they managed for him and then using some of the cash to pay their …
Ohio Contractor Sentenced to 17 Years in Prison on Fraud Charges
A pole barn contractor who defrauded consumers of more than $400,000 has been sentenced to at least 17 years in prison after being convicted of 47 felony counts, Ohio Attorney General Dave Yost announced this week.. This month, Marion resident …
Amid Drought, Corpus Christi Seeks Water From Privately Owned Plant
Six months after scrapping their own seawater desalination plant project, Corpus Christi City Council voted Tuesday to consider an agreement with a private company to purchase water from its desalination plant to help stave off an impending water emergency. The …
People Moves: Marsh Risk Names Zafiriadis to Lead New Service Delivery Practice
Marsh names Zafiriadis Leader of new Service Delivery Practice, US and Canada, Marsh Risk Marsh, headquartered in New York City, appointed Katrina Zafiriadis as leader of its newly established service delivery practice (SDP), U.S. and Canada, Marsh Risk. Based in …
Medical Journal Lancet Retracts 49-Year-Old Baby Powder Paper Over J&J Breach
The Lancet, one of the world’s leading medical journals, retracted a nearly five-decade-old paper extolling the safety of talc, the main ingredient in Johnson & Johnson’s iconic baby powder that fueled tens of thousands of lawsuits against the company after …
Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction
Major online betting platforms and the National Football League (NFL) are facing a product liability lawsuit in Pennsylvania alleging that their live in-game microbetting product is an “inherently dangerous product designed to maximize betting behavior that leads to addiction.” The …
Meta Funds Seven Gas Plants for Biggest Data Center
Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid a fast-moving artificial intelligence race. The company reached a new agreement with …
Georgia Employers Fined for Repeat Silica Exposure for Workers
The federal Occupational Safety and Health Administration has proposed fines for two Georgia employers for failing to address safety violations that had exposed workers to noise and silica dust, which can cause severe respiratory illness. After a follow-up inspection, OSHA …
Georgia Tax Bill Would Take Billions in Breaks From Companies
Georgia wants to lower income taxes. Some of the world’s biggest companies are standing in the way. A state Senate bill that would all but exempt many lower- and middle-income earners from state income tax is stalling in the Georgia …
The Scope of Damage From Hawaii’s Floods Becomes Clearer
The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hundreds of homes had been damaged, …
US Senate Votes to Fund Most of Homeland Security After Shutdown Disrupts Airports
The US Senate passed legislation early Friday to fund most of the Department of Homeland Security, forging a path to end a lengthy partial government shutdown that snarled airport security and threatened to ripple through an economy already roiled by …
Trump Extends Deadline for Striking Iran’s Energy Plants Into April
U.S. President Donald Trump said he would again extend the deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants, after Tehran had earlier rejected a 15-point U.S. proposal to end the fighting …
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