Industry News
Supercell Storms to Hit South More Often: Study
America will probably get more killer tornado- and hail-spawning supercells as the world warms, according to a new study that also warns the lethal storms will edge eastward to strike more frequently ...
First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank
North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this ...
GEICO Faces Class Action for Allegedly Underpaying Auto Claims
GEICO General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in ...
Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’
A group of climate activists has called on 30 insurance company CEOs to "immediately" stop underwriting new fossil fuel projects in the wake of a stark climate warning from UN scientists, a letter ...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty ...
Report: 119K People Hurt by Riot-Control Weapons Since 2015
More than 119,000 people have been injured by tear gas and other chemical irritants around the world since 2015, and some 2,000 suffered injuries from "less lethal" impact projectiles, according to a ...
Strategies For A Shrinking Auto Insurance Market
The increasing popularity of electric vehicles (EVs), autonomous vehicles (AVs) and shared-mobility platforms will shrink the overall personal lines market 31 percent by 2035, according to a recent ...
The Latest Launches From Selective, CompScience, Vertafore
Selective Insurance, a business and personal insurance carrier, introduced an ergonomic risk assessment tool that can identify high-risk body positions or movements that may lead to severe injuries ...