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Extreme heat means summer power shortages, warns largest U.S. grid

4 days ago | propertycasualty360.com | Naureen Malik

Crops fail and more workers are injured during extreme heat. (Credit: AddMeshCube/AdobeStock) (Bloomberg) — PJM Interconnection LLC, the largest U.S. electric grid serving about 20% of Americans from the Midwest to East Coast, warned that extreme heat this summer could trigger supply shortages for the first time.
What should homeowners do in the wake of disaster?

1 week ago | propertycasualty360.com | Brittney Meredith-Miller

There were 27 recorded weather and climate disasters in 2024 that caused at least $1 billion in damage each, the NOAA reports — making it the second-highest year for billion-dollar events on record. Over the course of 2024, these disasters caused $182.7 billion in total damages across the U.S. The billion-dollar events included two winter storms/cold waves, a wildfire, a drought and heatwave, a flooding event, six tornado outbreaks, five tropical cyclones and 11 severe weather or hail events.
California uses Wildfire Preparedness Week as a call to action

1 week ago | propertycasualty360.com | Corey Dahl

The LA wildfires in January were the costliest wildfires in U.S. history. (Credit: Kyle/Adobe Stock) California is encouraging homeowners to create defensible space, pack go bags and more, as part of this year’s Wildfire Preparedness Week. This year’s theme is “Building a Fire-Ready Future: Strengthening Our Defenses, Together,” and it’s meant to emphasize the collective responsibility of individuals, communities and agencies in preparing for and defending against wildfires.
Chubb's Greenberg appointed to Trump FEMA Review Council

1 week ago | propertycasualty360.com | Brittney Meredith-Miller

Chubb CEO Evan Greenberg has been appointed to President Donald Trump’s newly formed FEMA Review Council. (Credit: Joseph Zwielich/RIMS) Chubb CEO Evan Greenberg has been appointed to President Donald Trump’s newly formed FEMA Review Council.
Six environmental mapping tools the White House doesn’t want you to see

1 week ago | propertycasualty360.com | Zahra Hirji

The Sierra Club and three other environmental groups are suing the Trump administration for removing these online tools, arguing they are vital for protecting communities from environmental risks. (Credit: freshidea/Adobe Stock) (Bloomberg) — The White House effort to scrub government websites of environmental data has researchers and activists trying to recreate several lost mapping tools to protect communities vulnerable to pollution and climate change.
2025's multi-million-dollar MedMal verdicts so far

1 week ago | propertycasualty360.com | Corey Dahl

Medical malpractice awards are on the rise. Between 2013 and 2023, there was a roughly 67% increase in medical malpractice verdicts of $10 million or more, according to . In 2023, the average award in the top 50 medical malpractice verdicts was $48 million, compared to $32 million in 2022. The awards are meant to help patients and families who have suffered, but much of it can go to other parties involved in the suit.
Bad credit drivers can pay three-times more for coverage

1 week ago | propertycasualty360.com | Joe Toppe

Credit: velimir/Adobe Stock Bad credit scores can force U.S. drivers to pay more for insurance coverage than those with better credit despite having identical driving records, according to a recent study by The Zebra.
Martha Stewart delivers RISKWORLD 2025 keynote

1 week ago | propertycasualty360.com | Corey Dahl

Speaking during RISKWORLD 2025, Martha Stewart said some of her friends lost homes in the LA wildfires. (Credit: David Shankbone/Wikimedia Commons) CHICAGO — Martha Stewart gave a wide-ranging keynote presentation this week at RISKWORLD 2025, the 75th annual risk management convention, which was expected to draw 11,000 attendees from more than 70 countries for three days of speakers, exhibits and networking events at McCormick Place.
Best states for working from home in 2025

1 week ago | propertycasualty360.com | Joe Toppe

While most companies have returned to normal since the Covid-19 pandemic forced their employees into a remote setting, many fulltime workers remain at home or work a hybrid schedule, according to a report by WalletHub. In 2025, 13% of full-time employees now work entirely from home, the data showed, while another 26% have a hybrid schedule with some time at home and some time at their employer’s building.
Berkshire’s Geico cut thousands of jobs in turnaround effort

1 week ago | propertycasualty360.com | Alexandre Rajbhandari

The Geico booth is seen here during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in Omaha, Neb., on Fri., May 2, 2025. (Credit: Dan Brouillette for Bloomberg) (Bloomberg) — Berkshire Hathaway said its auto insurer Geico has cut tens of thousands of jobs as part of its efforts to turn around a business that’s lagged behind peers.