Risk
CEO Viewpoint: Predict and Prevent Just Makes Economic Sense
Last year, U.S. P/C insurers incurred a $21.2 billion net underwriting loss, only slightly improved from a $24.9 billion underwriting loss recorded in 2022. Roughly $65 ...
The Golden Triangle of Technology
Three technologies are having a profound impact on how insurance can help manage and mitigate risk:
Internet of Things (IoT) technology is supplying large amounts of ...
Tesla Shares Rise as U.S. Customers Offered Full Self-Driving Software Trial
Shares of Tesla rose about 4 percent on Tuesday after CEO Elon Musk said the electric carmaker will offer U.S. customers a free trial of its driver-assist technology for a month. Musk has long touted ...
Container Ship Causes Baltimore Bridge Collapse
Baltimore's Francis Scott Key Bridge collapsed early on Tuesday after a container ship smashed into a pylon, sending eight people into frigid water below. A container ship named the Dali was sailing ...
Possibility of a Billion-Dollar Systemic Cyber Event ‘Is Real’
A systemic event and the threat it could pose to insurers' portfolios is not the million-dollar question but perhaps the billion-dollar question, according to Norman Niami, immediate past chairperson ...
Many Businesses May Not Be Protected Against Losses From Snow Melt Floods
Catastrophic flooding is a major problem in the US, where it kills more people every year than tornadoes, hurricanes or lightning combined.
Airbag Inflator Issue Prompts Chrysler to Recall Nearly 286,000 U.S. Vehicles
Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety ...
CoreLogic: Mid-Month Hail Events Impact More Than 600K Homes
Several convective storms earlier this month spawned hail as large as softballs, causing damage to more than 600,000 homes across the Central U.S., according to a weather bulletin by Jon Schneyer, ...