California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world’s most stringent rules for transitioning to zero-emission vehicles.
"Climate change is bringing us hotter, drier summers and historic levels of drought, resulting in severe wildfire conditions and longer, more complex and more expensive fire seasons."
Travelers and policyholder International Control Services (ICS) jointly filed a stipulation to have a federal court rescind an active cyber insurance policy that the insurer claimed was void due to the insured’s misrepresentation of multi-factor authentication use.
Experts estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines.
Citizens, which was created as an insurer of last resort, had 1,020,202 policies as of Friday, up from 1,013,147 policies a week earlier, according to the Citizens website.
LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information.
The true cost of car insurance is reflected in the percentage of income drivers allocate for auto coverage each year and not on how much they spend on premiums.
Worsening droughts, storms, and torrential rain in some of the world’s largest economies could cause trillions in losses to the global economy by the middle of this century.
According to Jimmy Spears, head of automotive at InsurTech Tractable, “Speed is everything” in auto claims adjusting. “Nothing gets cheaper over time."