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OLDWICK, N.J.--(BUSINESS WIRE)--Driven by California’s record-setting wildfires in January and tornado outbreaks across other regions, the U.S. homeowners’ insurance segment reported its worst first quarter loss ratio in five years, according to a new report from AM Best. The direct incurred loss ratio for the U.S. homeowners’ insurers spiked to 102.1% in the first quarter of 2025, which is thirty percentage points higher than any first quarter since 2021. A confluence of factors heightened the...

SAN FRANCISCO--(BUSINESS WIRE)--Envoy, a workplace technology organization that makes it simple to run secure, compliant, and connected workplaces across every location, today announced new features for Emergency Notifications. The update adds proactive safety communication and anomaly detection capabilities that help organizations better prepare for emergencies, reduce response times and meet compliance requirements across distributed workplaces. The launch comes at a time of escalating climat...

LOS ANGELES--(BUSINESS WIRE)--Steadfast LA, the nonprofit founded by civic leader and businessman Rick Caruso to accelerate the rebuilding of Los Angeles with private-sector solutions, announced today a Small Business Initiative launched with a $1 million donation from Banc of California’s Wildfire Relief & Recovery Fund. The initiative will support retailers, restaurants, and other independent businesses in Altadena, Malibu, and the Pacific Palisades impacted by the devastating Eaton and P...

BOSTON--(BUSINESS WIRE)--Karen Clark & Company (KCC) is pleased to announce that Karen Clark, co-founder and CEO of KCC, has been named to Forbes’ prestigious 2025 “50 Over 50” list, which honors women who are redefining what it means to be a leader and innovator. The list, published annually by Forbes, celebrates trailblazers across sectors making significant impact into their 50s, 60s, and beyond. A leading global authority on catastrophe risk assessment and management, Ms. Clark founded...

NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI). This critical milestone will enable insurers to use the forward-looking catastrophe model in their residential rate filings, supporting California’s Sustainable Insurance Strategy aimed at stabilizing the state’s property insurance market. The Moody’s wildfire risk model...

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Legatum on Track for Initial Commitments of Over $US30 Million for New Collaborative Fund to Transform Crisis Relief...

PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for the third quarter ended June 29, 2025. $ million (except EPS data)   Q3 FY25   YTD FY25   Reported Excluding USAID / DOS   Adjusted1 Excluding USAID / DOS Revenue   $ 1,370 $ 1,264   $ 4,112 $ 3,560 Net Revenue1   $ 1,153 $ 1,062   $ 3,454 $ 2,990 Operating Income   $ 165 $ 159   $...

WASHINGTON--(BUSINESS WIRE)--The Independent Restaurant Coalition (IRC) and Chase today announced a multi-year partnership to offer meaningful support to independent restaurants and bars as they continue to be vital employers and leaders in communities nationwide. This new partnership includes two grant programs – the IRC and Chase Disaster Relief Fund and the IRC and Chase Innovator Awards – that together will award $4 million in grants to independent restaurants and bars across the country th...

MALVERN, Pa.--(BUSINESS WIRE)--A new study has found IoT-based fire prevention technology reduced a broad category of non-catastrophic fire claims by an estimated 63%....

SEATTLE--(BUSINESS WIRE)--$51.7 billion worth of homes in the city of Los Angeles—or roughly 11,000 residential properties—were impacted by the wildfires in January, according to a new report from Redfin, the real estate brokerage powered by Rocket. The report analyzes data from the Los Angeles City Council. The council shared a list of 11,125 residential parcels in the city of Los Angeles that were inspected by the Los Angeles Department of Building and Safety after the wildfires. Redfin was a...