The Mississippi River's water levels are the lowest they have been in a decade. The river is the second largest in the U.S. and provides drinking water to around 20 million people but as water levels continue to decline, this integral water source could be at risk.
What would you do with an extra $932.63 in your pocket? That’s how much insurance fraud costs every American a year - $309 billion in total, according to the findings of a recent research study that I led. For a family of four, that adds up to nearly $3,800.
The FTX crypto exchange (and more than 130 affiliates) filed for bankruptcy in Delaware. FTX was recently valued at $32 billion, and now it appears to be worth $0. The bankruptcy petition listed at least $10 billion in liabilities.
This is the second round of job cuts the auto insurance startup has made this year as it works to become profitable. "To further improve cash flow we are prioritizing resources that support Root's go-forward strategy."
"As fraud is perpetrated, it increases claim costs, which increases overall risk, which increases premiums, which increases the cost of goods and services performed by the companies paying the premiums."
With a swipe of his pen, Newsom signed into law Senate Bill 1242, written by the Senate Insurance Committee, and aimed at protecting California consumers by imposing a variety of requirements upon producers.
Insured losses from Hurricane Nicole, a category 1 storm that came ashore on Florida's east coast last week, will be no more than $750 million, a fraction of the level of losses caused by Hurricane Ian.
Tropical Storm Nicole sent multiple homes toppling into the Atlantic Ocean Thursday and threatened a row of high-rise condominiums in places where Hurricane Ian washed away seawalls and other remaining protections only weeks ago.
A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been blamed on the utilities and have driven several massive lawsuits and financial challenges.