Industry News
Americans’ Concern With Safety in Religious, School Settings Climbs: Survey
More than half of Americans (54 percent) say their top safety concern while attending religious services or community, nonprofit and school events is an armed intruder or physical violence incident, ...
Severe Convective Storms Dominate Insured Natural Disaster Losses in H1: Swiss Re
Global natural catastrophes cost insurers $50 billion in the first half of 2023, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. "Severe ...
Kemper Exits Preferred Home and Auto Business
As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will "actively reduce ...
Cargo Theft Increases 57% in Q2 2023 Versus Same Period Last Year
There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57 percent increase when compared to the second quarter of 2022, according to the ...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
According to IBM's Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3 percent increase from 2022 and up 15.3 percent ...
Hospitals, Clinics in Several States Begin Recovery After Cyber Attacks
Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyber attack that disrupted their computer systems, forcing some emergency rooms to shut down ...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023
The overall property/casualty (P&C) industry is expected to finish 2023, mirroring 2022 results, with a net combined ratio at 102.2, according to findings shared during a members only virtual ...
Social Media Influencer Facing Riot Charges After Mayhem Breaks Loose in NYC
Social media influencer Kai Cenat is facing charges of inciting a riot and promoting an unlawful gathering in New York City, after the online streamer drew thousands of his followers, many of them ...