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Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
POSTED OCTOBER 16, 2026 3:36 PM |
As French Supermarkets Try to Restock, They Are Told Cyberattack May Be Ongoing
France’s cybersecurity authority has warned that a cyberattack targeting supermarkets may still be ongoing as stores restocked Wednesday after the attack sent refrigerator temperatures soaring, raising concerns about the security of vital food supply chains. The agency said Tuesday night …
POSTED OCTOBER 16, 2026 3:36 PM |
Travelers Insurance Reports Solid Underwriting, Record Investment Income for Q3
Travelers Insurance reported continued solid underwriting and historic investment income for the third quarter along with higher catastrophe losses. “It was another in a run of successful quarters, with very strong underwriting performance across all three segments and a record …
POSTED OCTOBER 16, 2026 3:10 PM |
West Virginia Fire Commission Says State Really Needs More Firefighters
Staffing at fire departments is the top issue cited in the newly released Fire Prevention and Control plan by the West Virginia Fire Commission. The plan states that staffing issues plague both paid and volunteer fire departments, leading to dangerous …
POSTED OCTOBER 16, 2026 1:45 PM |
Florida Wins Key Ruling Allowing it to Enforce Law on Social Media Use by Kids
The state of Florida won a key court decision this week that allows it to enforce a ban on social media accounts for kids under 14 and other restrictions. The law was one of the most restrictive in the U.S. …
POSTED OCTOBER 16, 2026 1:34 PM |
Roller Coaster Death Puts Spotlight on Safety of Ever-More Thrilling Rides
The horrific death of a man who was ejected from a Six Flags roller coaster in Georgia is drawing attention to the safety of amusement park rides that have become increasingly faster and steeper in their quest for the biggest …
POSTED OCTOBER 16, 2026 1:26 PM |
Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl
Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian finance. Axa’s management recently discussed the topic …
POSTED OCTOBER 16, 2026 1:00 PM |
IMF Chief: AI Risks May Exceed Opportunities Without Safeguards, Ethics Framework
The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, International Monetary Fund (IMF) chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key …
POSTED OCTOBER 16, 2026 12:35 PM |
AI Credit Worries Send Default Insurance to Record High
The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of credit stress building in the AI trade, with heavily indebted data center operators like CoreWeave hit hardest. Hotter-than-expected US …
POSTED OCTOBER 16, 2026 12:02 PM |
People Moves: OneShield Appoints Brown as Chief Insurance Officer
Insurance technology company OneShield, headquartered in Marlborough, Massachusetts, appointed Terry Brown as chief insurance officer. In this newly created role, Brown will shape the company’s AI-native capabilities and bring them to market. Brown brings decades of insurance experience across the …
POSTED OCTOBER 16, 2026 10:00 AM |
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