Industry News
Hartford Q1 Income Up 41% on Commercial Lines as Auto Results Improve
The Hartford CEO Christopher Swift told analysts late last week that the insurer's first-quarter results included "progress toward restoring targeted profitability in auto" as it turned in an ...
30% of Global Business Leaders Say Political Risk Is Their Biggest Threat
Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32 percent of U.S. leaders saying political risk is their No. 1 ...
Report: Cybercrime ‘A Thriving Business’ as U.S. Claims Frequency Rises
Cyber claims frequency in the U.S. rose 13 percent last year, a new report shows. According to Coalition's 2024 Cyber Claims Report, cybercrime is "a thriving business that adversely impacts" the ...
‘Buffett Got It Wrong’ on California Fire Risk: PG&E CEO
Warren Buffett's warning that wildfires have turned utilities across the western U.S. into risky investments is mistaken — at least in California, according to the head of the state's largest ...
GM Ends OnStar Driver Safety Program After Privacy Complaints
General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data as ...
Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse
A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge last month. The suit, filed Thursday by Karen ...
Judge Won’t Dismiss Lawsuits Against Travis Scott Over Deadly Astroworld Concert
A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge. State ...
Allstate Will Insure California Homes Again, Under One Condition
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according ...