Markets
Increase in Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization
Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity. Temporal patterns of human ...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier's largest mutual competitor—State Farm—to move ...
Florida Special Session Agenda Calls for Claims Process Changes, More Carrier Oversight
Florida legislative leaders posted a proclamation Tuesday painting the broad outlines of the special session scheduled to begin Monday, Dec. 12. And it quickly had tongues wagging around the ...
Embroker: Cybersecurity a Top Investment Focus for Startup Founders in 2023
Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index: Startup Edition, published today. The report said startup founders ...
Apple Sued by Women Who Say Airtag Lets Stalkers Track Victims
Apple Inc. has been sued by two women who said its AirTag devices have made it easier for their former partners and other stalkers to track down victims. In a proposed class action filed on Monday in ...
FloodFlash Eyes Parametric Splash in U.S.
Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. FloodFlash is set to begin offering ...
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36 percent of the company's cyber claims — an ...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best
Apparently, nothing has changed within the last several months to change AM Best's negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it ...