New York City Mayor Eric Adams has officially enacted legislation that lowers the minimum auto insurance coverage for for-hire vehicle […]
Erie Insurance Hit with Dual Lawsuits Over Alleged Cybersecurity Breach
Erie Insurance is now facing two separate class action lawsuits tied to an alleged data breach, even as the company […]
Trump Administration’s Memo Proposes Overhaul and Potential Elimination of FEMA
A newly uncovered memo sheds light on the Trump administration’s plans to dismantle the Federal Emergency Management Agency (FEMA) and […]
Delaware Company Fined Maximum Penalty After Worker’s Death in Ohio Plant
A Delaware-based manufacturing company with operations in Grove City, Ohio, has been fined $500,000—the maximum penalty permitted by law—after pleading […]
NYC Council Approves Bill to Reduce Insurance Coverage Requirements for For-Hire Vehicles
In response to pressure from a coalition of rideshare drivers and companies like Uber, the New York City Council has […]
AI’s Soaring Power Demands Revive Polluting Gas Turbines
When Stargate’s first AI-focused data center goes live next year, the 900-acre complex will require enough electricity to continuously power […]
Homeowner’s Lack of Review Doesn’t Free Insurance Agency from Negligence Suit
A North Carolina homeowner’s failure to read an insurance application does not exempt a local agency from a negligence lawsuit, […]
Auto Mechanic Sentenced to 33 Months in Federal Prison for $1.37 Million Fraud Scheme Targeting Missouri and Other Customers
Defendant also ordered to repay full restitution after years of deceptive business practices An Arizona-based auto mechanic has been sentenced […]
Liberty Mutual Reaches Settlement With Travelers Over Subcontractor Insurance Dispute in NYC Injury Case
Liberty Mutual has reached a settlement agreement with Travelers Insurance in a legal dispute involving coverage responsibilities after a serious […]
NOAA’s $1 Billion Disaster Database Retirement Raises Alarm for Insurers, Says AM Best
Industry Faces Potential Data Gaps in Secondary Peril Modeling, Pricing, and Risk Strategy. The insurance industry may soon face a […]
INSURANCE: DEFINITION, HOW IT WORKS, AND MAIN TYPES OF POLICIES
What Is Insurance? Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement […]
5 REASONS TO GET LIFE INSURANCE (WHY YOU SHOULD CONSIDER BUYING LIFE INSURANCE)
Reasons to buy insurance are different for everyone. But the decision to purchase insurance is, at its core, all about […]
