Full content: ZestyAI announced that the Michigan Department of Insurance and Financial Services has approved its severe convective storm suite. The approval comes as Michigan contends with rising weather-related insurance losses. According to NOAA’s National Centers for Environmental Information (NCEI), the state …

Full content: The Republican-led House of Representatives has narrowly passed a giant tax and spending bill that would end Inflation Reduction Act subsidies for clean power years early. The proposed changes threaten to unravel a variety of incentives that would result in …

Full content: Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames …

Full content: After losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage. The administration is set to soon unveil …

Full content: The Honolulu Police Department said it will review all impaired driving arrests after the American Civil Liberties Union of Hawaii filed a lawsuit alleging officers are arresting sober drivers in an overzealous focus on making drunk-driving arrests. In recent years …

Full content: In an era where billion-dollar disasters are becoming the norm, one truth stands above the wreckage: strong building codes save buildings – and lives. Yet despite mounting risks, the U.S. remains caught in a paradox. We have the knowledge and …

Full content: The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, extending the regulator’s new approach to cryptocurrencies since President Donald Trump reentered the White House. A joint stipulation of dismissal …

Full content: The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as “an independent holding company that oversees carriers supporting managing general underwriters. Novel Financial Holdings LLC (“Novel”) …

Full content: When a series of deadly storms and tornadoes pummeled Arkansas in mid-March, downing power lines and tearing up homes, Governor Sarah Huckabee Sanders asked the federal government for money to not only help repair the damage, but also boost the …

Full content: After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …

Full content: California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety net—the California FAIR Plan. As homeowners confront rising premiums and limited coverage options, comprehensive reform is imperative to stabilize …

Full content: A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. …

Full content: Cotality said it has identified more than 33.1 million residential properties from Texas to Maine with a combined reconstruction cost value of $11.7 trillion at least moderate risk of sustaining damage from hurricane-force winds. The property data provider, formerly known …

Full content: Victoria’s Secret has taken down its U.S. website and says some in-store services will be unavailable as it addresses an unspecified “security incident.” A message to customers remained in place of the popular lingerie brand’s normal shopping site Thursday, stating …