News
U.S. P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed
Earlier this month, AM Best provided its initial tally of year-to-date financial results for U.S. property/casualty insurers, reporting a $34.9 billion net underwriting gain through the first nine ...
U.S. Traffic Safety Improves, While Global Congestion Surges: Report
Congestion and traffic delays continued to increase in urban areas around the world; analysis of 290 U.S. cities showed congestion increased in 88 percent of them. In certain cities, like London, ...
Foreign Made Drones Will Be Banned in the U.S.
The U.S. Federal Communications Commission announced on Monday that it is banning imports of all new models of foreign-made drones and critical components, including those from China's DJI and Autel, ...
Irregular Safety Inspections Found as Building Fires Rise in Hawaii
Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires ...
A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP
Data center operators are fixated on the "five nines" — an expectation that they'll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the ...
Why the Middle Market Matters and How Insurers Can Capture It
Conning puts the size of the total addressable middle market at more than $150 billion, and with no carrier commanding more than a 5 percent share, the segment has become more attractive to insurers. ...
Waymos Froze, Blocked Traffic During San Francisco Power Outage
Waymo's driverless ride services were a high-profile victim of a power outage that affected large swaths of San Francisco, with cars freezing mid-ride across the city and disrupting traffic. After ...
State Farm, USAA and Allstate Leading on AI Patents
Three property/casualty insurers have dominated the industry's artificial intelligence patent activity since 2014. State Farm, USAA and Allstate account for 77 percent of all AI patents by insurers ...