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Lawsuits accuse insurers of colluding to drop coverage in fire-prone parts of California
Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state’s last-resort insurance plan that offers basic coverage and high premiums....
Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create Confusion
First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarter that was overshadowed”...
NJ wildfire risk remains high amid Garden State Parkway fire
A massive wildfire in Ocean County that scorched more than 8,500 acres sent smoke across parts of the tri-state area Wednesday, raising air quality concerns as crews continued to battle the blaze. The blaze comes in the middle of peak wildfire season in New Jersey,...
NVIDIA to Manufacture American-Made AI Supercomputers in US for First Time
NVIDIA Blackwell chip production starts in Arizona NVIDIA opens first US factories. NVIDIA is working with its manufacturing partners to design and build factories that, for the first time, will produce NVIDIA AI supercomputers entirely in the U.S. Together with...
4 Ways AI enhances customer service at an insurance agency
AI-powered account summarization tools automatically gather and present critical client information at the account level. In today’s competitive insurance market, your client’s expectations are higher than ever. With so many options available, staying ahead as an...
Forbes’ 39th Annual World’s Billionaires List: More Than 3,000 Worth $16 Trillion
The billionaires club has never been bigger or richer. Here’s who’s up, who’s down, who’s off the list and why it matters more than ever. The world’s billionaires have always been rich and powerful—but never more than now. That’s particularly true in the United...
How To Boost Your Cash Yield At Fidelity, Vanguard, Chase And Schwab
Forget bank CD rates for a moment. If you want more interest, look at something under your nose: the bank account you use to collect a paycheck and pay bills. Chances are you are earning something in the neighborhood of zilch on your liquid assets. You can fix this....
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