Industry News

The Latest Launches From Verisk, GGA Solutions, NEXT

Verisk, a global data analytics and technology provider, has launched a new rating engine with the aim of helping insurers transform the process of developing new commercial lines products. The new, ...

Newly Approved Spectrum Use Could Prevent 600,000 US Crashes Each Year

The Federal Communications Commission (FCC) recently approved a request by U.S. state agencies, some automakers, universities and others to use spectrum to deploy connected vehicle technology to ...

Insurance Could and Should Help Drive Gun Safety Efforts, Survey Says

Three out of four Americans believe gun owners should be required to have firearm liability insurance.

Those are the numbers out of a new ...

AIG Records Strongest Q1 Underwriting Results in General Insurance

American International Group said first-quarter 2023 underwriting income in its general insurance segment was $502 million, "representing the strongest first-quarter ...

Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’; Tech Needs Rebuild

Even though Berkshire Hathaway's GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader of Berkshire's insurance operations said the figure ...

Berkshire’s Buffett Blames Politicians, Regulators, Press for Bank Failures

Warren Buffett on Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring "turmoil" to the financial system, even as he offered a vote of ...

Medical Marijuana Remains Difficult Maze to Navigate in Workers’ Comp Claims

Medical marijuana's impact on workers compensation can be seen during all stages of a workplace injury, according to members of the Workers' Compensation Committee for the American Academy of ...

RIMS Conference Cut Short by Fatal Shooting in Midtown Atlanta

A fatal shooting incident Wednesday that locked down portions of Atlanta as a suspect was on the loose resulted in the early closing of RIMS' Riskworld annual ...