News
Verisk: Catastrophe Claims in Q4 Double on Late Hurricane Activity
A significant rise in claims from hurricanes rather than winter storms was to blame for a 36 percent increase in total fourth-quarter 2024 claims. A new report from Verisk Analytics found catastrophe ...
Florida Luxury Rental Car Theft Ring Busted
Several arrests were announced in conjunction with an auto theft ring responsible for stealing more than 80 cars, according to a joint announcement last week by the the Florida Department of Law ...
Nation’s Bridges at Risk if Congress Allows Bigger Trucks: Study
A new study highlights the risks connected to congressional proposals that would allow heavier tractor trailers on highways causing major damage to the nation's local bridges if enacted into law, ...
Government Agencies Warn Businesses About Rising Medusa Ransomware Attacks
The FBI and the U.S. Cybersecurity and Infrastructure Security Agency are warning against a dangerous ransomware scheme. Since February, Medusa developers and affiliates have hit more than 300 ...
U.S. Mid-Atlantic on Alert as Powerful Storms Sweep Over Region
Another round of storms swept into the eastern U.S. from Lake Erie to Florida on Sunday after a deadly track of tornadoes and severe weather knocked out power to ...
U.S. Property-Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals
Reinsurance renewal rates continued dropping during this year's January renewals, but U.S. property-catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, ...
Upgrades Up, Downgrades Down: AM Best Reviews 2024 Rating Actions
AM Best announced 34 upward credit rating actions for U.S. commercial lines insurers in 2024, over 60 percent more than the number registered for 2023, the rating agency reported in its official ...
California Commissioner ‘Provisionally’ OKs State Farm’s Rate Request
California Insurance Commissioner Ricardo Lara provisionally approved State Farm General's request for a 22 percent interim rate hike, the California Department of Insurance announced on Friday. The ...