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Report: Climate Change, Extreme Weather Impacts on American Budgets $900 Per Year
A working paper from three well-known economists shows the impacts of global warming and particularly extreme weather on the budgets of American households is up to $900 per year. The paper was authored by former Treasury Department officials Kimberley Clausing, …
POSTED DECEMBER 05, 2025 12:11 PM |
Apartment Building Fires Displace 70 Massachusetts Families; No Injuries Reported
Both of the apartment building fires that displaced 70 families in Holyoke this week appear to be accidental but the exact causes remain under investigation, according to city and state fire officials. Holyoke Fire Chief John Kadlewicz and State Fire …
POSTED DECEMBER 05, 2025 6:56 AM |
Markets/Coverages: Bold Penguin Adds Parametric Coverage With Adaptive Partnership
Bold Penguin announced a partnership with Adaptive Insurance, expanding coverage options available through the Bold Penguin Placement Desk. Adaptive is pioneering the path to resilience in the face of emerging climate risks, starting with their GridProtect parametric power outage coverage. …
POSTED DECEMBER 05, 2025 6:16 AM |
Viewpoint: Healthcare Cyber Insurance at an Inflection Point
The cyber insurance market is reaching an inflection point where underwriting companies must differentiate healthcare from other industries in how the risk is evaluated, priced, and how claims are managed. Healthcare cyber claims data tells a consistent and troubling story: …
POSTED DECEMBER 05, 2025 6:11 AM |
The Rise of AI Reasoning Models Comes With a Big Energy Tradeoff
Nearly all leading artificial intelligence developers are focused on building AI models that mimic the way humans reason, but new research shows these cutting-edge systems can be far more energy intensive, adding to concerns about AI’s strain on power grids. …
POSTED DECEMBER 05, 2025 6:05 AM |
‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course
The message from the Florida Chamber of Commerce Insurance Summit was loud and clear: Don’t mess with legislative changes that have all but restored the state’s property insurance market. And while you’re at it, don’t repeal Florida’s personal injury protection …
POSTED DECEMBER 05, 2025 6:01 AM |
People Moves: Affordable American Insurance Hires Haskett as Sales VP
Affordable American Insurance Inc. naned Ross Haskett vice president of sales. Haskett has a decade of experience in insurance-industry lending and agency financing, including senior leadership roles at Westfield Bank and Live Oak Banking Company. His background includes positions ranging …
POSTED DECEMBER 05, 2025 6:00 AM |
Arizona Study Group Issues Report on Homeowners Insurance and Wildfire Risk
A report from a regulator-created group found that a multifaceted approach to addressing wildfires and lack of insurance affordability in Arizona should be tackled with a multifaceted approach that includes homeowners, communities and the state working in tandem to implement …
POSTED DECEMBER 05, 2025 6:00 AM |
California AG Settles With National Sanitation Company Over No-Poach Agreements
California Attorney General Rob Bonta settled with a national cleaning and sanitation company to resolve allegations that the company used unlawful no poach agreements. The settlement is against Packers Sanitation Services Inc. LTD., now doing business as Fortrex. As part …
POSTED DECEMBER 05, 2025 6:00 AM |
Wealthy County in New York Must Pay $112 Million Over Immigrant Rights Violations
New York’s Suffolk County, home to the ultra-wealthy Hamptons and the bucolic North Fork, must pay $112 million in damages to immigrants after a court ruled that their detention in local jails violated their rights. The Long Island county disclosed …
POSTED DECEMBER 05, 2025 6:00 AM |
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