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Hurricane Erick made landfall on Mexico’s southern Pacific coast early Thursday, causing significant damage in the state of Oaxaca. The storm hit near the resort town of Puerto Escondido around 5:30 a.m. local time as a Category 3 hurricane, but it quickly weakened to a Category 1 as it moved inland. Winds dropped to 85 … Read more

A SpaceX Starship rocket exploded during a test at the company’s facility in Texas, marking yet another setback for Elon Musk’s ambitious space plans. The explosion occurred on June 18 around 11 p.m. CT while the rocket was undergoing a static fire test, which is a procedure where the engines are fired while the rocket … Read more

As more Baby Boomers reach retirement age, many adult children are choosing to invite their parents to live with them in multigenerational homes. While this arrangement can offer emotional support and practical help, it also raises important questions about insurance. One of the first things to consider is whether parents moving in will be covered … Read more

The rising popularity of GLP-1 medications, like semaglutide and tirzepatide, is changing the landscape for medical spas across the United States. Once primarily seen as places for cosmetic treatments, these spas are now facing new challenges and risks in a rapidly evolving market. As demand for weight-loss drugs grows, medical spas are under more scrutiny … Read more

Hurricane Erin is causing major disruptions along the Atlantic coast as it moves slowly northward. The storm, which was once a powerful Category 5 hurricane, has weakened but still packs sustained winds of 110 to 115 mph. Although it is expected to remain offshore, its effects are being felt far and wide, particularly in North … Read more

Mass layoffs in the tech and finance sectors are raising concerns about the impact of artificial intelligence (AI) on jobs. Many people are worried that AI could lead to permanent job losses, especially in white-collar positions. A recent survey by Reuters/Ipsos found that 71% of Americans fear that AI will take away their jobs. According … Read more

A federal appeals court has ruled that Carnival Cruise Lines is not liable for a sexual assault that occurred on one of its ships, despite the troubling circumstances surrounding the incident. The U.S. 11th Circuit Court of Appeals upheld a lower court’s decision that dismissed the lawsuit filed by a young woman identified only as … Read more

Deal activity in the insurance sector has seen a decline in the number of transactions, but the total value of those deals has increased significantly. According to a recent analysis by PwC, the total value of insurance deals reached $30 billion from 209 transactions over a six-month period ending on May 15. This is a … Read more

Insurers in Florida are facing a new landscape following the passage of House Bill 837 in 2023. This law brings significant changes to how insurance companies handle claims and settlements, aiming to reduce the risks associated with bad faith litigation. While the law offers clearer guidelines for insurers, the fundamental requirement to act in good … Read more

In a recent video feature, top executives from the insurance industry discussed the challenges that are preventing companies from embracing digital transformation. The conversation highlighted various barriers that insurers face in adopting new technologies and innovative practices. One of the key issues raised was the resistance to change within established organizations. Many companies struggle to … Read more