Industry News
Forecasters Predict 7th Straight Above-Normal Hurricane Season
The Atlantic hurricane season is poised to deliver another round of above-normal storms for the seventh consecutive year, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday. ...
Younger Workers More Likely to Leave Employers to Retain Flexibility
Most business owners expect employees to be back working in person full time a year from now, but employees want to retain flexibility with where and when they work. According to Nationwide's most ...
Memo to Brokers: Stick With Loyal Insurers/MGAs; Price Isn’t the Only Differentiator
Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an ...
J.D. Power Survey Finds Auto Insurance Customer Satisfaction Has Eroded
J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. "A ...
Data Breach-Related Securities Suit Filed Against Cyber Firm Okta
Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit alleging the firm made false and misleading statements, ...
Costlier Errors: Legal Malpractice Claims Severity Keeps Rising
Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance (LPLI) claim of more than $50 million in the last two years — ...
HSBC Banker Suspended After Playing Down Financial Risks of Climate Change
UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing ...
Average Age of U.S. Cars Hits Record 12.2 Years in Fifth Straight Annual Increase
Cars on U.S. roads are as old as they've ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies. The age of light vehicles domestically is ...