News

News

Insurance news provides updates on industry trends, regulations, and innovations. It covers topics such as new insurance products, market developments, and insights into risk management, offering valuable information for policyholders and industry professionals alike.

AM Best Downgraded the Ratings of Members of the Insurance Alliance, A Non-profit Organization in California and Vermont

AM Best recently downgraded the financial ratings of the members of the Non-profit Insurance Alliance Group (NIA) in Vermont and...

JetZero Announced that A $4.7 Billion Aircraft Factory Will Be Located in North Carolina, Creating 14,500 Jobs

JetZero announced on June 13 that it plans to invest 4.7 billion US dollars to build its first next-generation passenger...

The Los Angeles Municipal Utility Company Said There Was No Evidence that Electrified Wires Caused the Fire

The Los Angeles Municipal Utility Company (LADWP) said that although a power line near Palisez in the Pacific Ocean was...

Oklahoma Passed A New Law to Restrict the Distribution of Insurance Claims

Oklahoma lawmakers recently passed a new law that prohibits the transfer of property damage compensation rights to third parties in...

Dutch Insurance Companies Have Abandoned Old-fashioned Chatbots in the Face of Uneven AI Deployment

Dutch insurance company NN Group NV recently announced that it will gradually phase out traditional pre-programmed chatbots and instead adopt...

Farmers Are Calling on Trump to Increase Biofuel Quotas to Alleviate Tariff Losses

After losing China, the largest export market, due to Trump's trade war, American farmers are pinning their hopes on the...

AM Best Downgraded the Outlook for the Oklahoma Department of Agriculture Mutual Fund to Negative

AM Best recently downgraded the long-term issuer credit rating (ICR) outlook of the Oklahoma Department of Agriculture Mutual Fund and...

The CEO of the Texas Stock Exchange Witnessed the State’s Intervention in New York City, Delaware

Texas is challenging the financial dominance of Delaware and New York through new regulations and tax policies. Jim Lee, the...

Tesla’s Robotaxi Launched in Texas Is Under Review for Potential Accident Risks

The National Highway Traffic Safety Administration (NHTSA) of the United States has asked Tesla to explain how its upcoming driverless...

Research in Alabama Shows that Reinforcing Houses Brings Returns to Insurance Companies and Homeowners

A new Alabama study of homes affected by Hurricane Sally (2020) shows that using reinforced building standards (Fortified) significantly reduces...

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News

A Man in Nevada Is Suspected of Setting Fire to A Tesla Store

Paul Hyon Kim, a 36-year-old resident of Las Vegas, has been charged by the federal government on suspicion of arson...

After Israel’s Attack on Iran, Ships Were Warned to Avoid the Red Sea and Sail at Log Harmuz

After Israel attacked Iran's nuclear facilities, the shipping security of the Strait of Hormuz has raised concerns. Although the joint...

Trump Denied the Review of the $5M Verdict in the E. Jean Carroll Sexual Abuse Case

The US federal appeals court on Friday rejected former President Trump's request for a retrial of the $5 million civil...

Missouri Has Approved A Huge Financial Aid Plan Covering Sports Venues and Post-disaster Reconstruction

Missouri State legislators passed a multi-billion-dollar financial aid package on Wednesday, aiming to persuade the Kansas City Chiefs and Royals...

AM Best Downgraded the Ratings of Members of the Insurance Alliance, A Non-profit Organization in California and Vermont

AM Best recently downgraded the financial ratings of the members of the Non-profit Insurance Alliance Group (NIA) in Vermont and...

JetZero Announced that A $4.7 Billion Aircraft Factory Will Be Located in North Carolina, Creating 14,500 Jobs