FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, ...
Markets
CVS, Walgreens and Walmart to Pay $13.8B to Settle U.S. Opioid Claims: Sources
CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government ...
Progressive Easing Up on Rate Hikes; Flo Coming Back to a State Near You
Progressive's Flo won't reappear on TV screens in every state, but the insurer she pitches for is comfortable pursuing business growth, company leaders said yesterday. That means potentially using ...
Can More Rigorous Accounting Lead to Fewer Workplace Injuries?
Businesses that want to make their workplaces safer might try adopting a more rigorous accounting system, according to a new study that found a link between a firm's ...
Insurer AIG Profit Slumps As Investment Income Falls
Insurer American International Group on Tuesday reported a more than 39 percent decline in quarterly profit as investment income fell by more than $1 billion and losses from Hurricane Ian pushed up ...
GEICO Faces California Class Action Claiming It Overcharged for Car Insurance
A federal judge on Monday said a lawsuit accusing GEICO Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic ...
Q3 Net Income Down 30% at The Hartford; $214M in Ian Losses
Compared to the same window last year, net income at The Hartford was down during the third quarter of 2022 — but core earnings were up during what the company's CEO ...
Fitch Moves Outlook on Allstate’s A+ Ratings to Negative
Highlighting a sharp drop in underwriting results, declines in statutory capital and outsized additions to prior-period loss reserves, Fitch Ratings moved the rating outlook on "A+" financial ...
Customers Frustrated by Longer Auto Repair Times: J.D. Power
Customer satisfaction with the auto claims process has eroded after four consecutive years of improvement, dropping 7 points to 873 (on a 1,000-point scale) compared to ...
What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says
As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged ...