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Thirteen U.S. P/C Companies Impaired in 2023: AM Best Report
Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM Best report. The insurance company impairments identified in ...
Nearly 22.6M U.S. Employees Expected to be Absent From Work on Super Bowl Monday
A newly released UKG absenteeism survey shows Super Bowl 2025 is expected to break the previous record of 18.8 million who said they would miss work in 2023 — a game that also featured the ...
General Purpose AI Could Lead to New Risks: Report
Advanced artificial intelligence systems have the potential to create extreme new risks, such as fueling widespread job losses, enabling terrorism or running amok, experts said in a first-of-its-kind ...
The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves
Net income at The Hartford increased 11 percent to $848 million in fourth-quarter 2024, driven by premium growth in commercial and personal lines. Net income attributable to shareholders went up 24 ...
LA Fire-Related Capital Hit Prompts State Farm Emergency Rate Request
State Farm General Insurance revealed that it has asked the California Department of Insurance to approve an "interim emergency" homeowners insurance rate hike, citing declining capital and a ...
LinkedIn Lawsuit Over Use of Customer Data for AI Training Dismissed
A proposed class action accusing Microsoft's LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models ...
New York Announces Nearly $8.5M Recovered in Stolen Vehicles, Parts
The New York State Department of Motor Vehicles recovered more than $11 million in stolen vehicles, stolen parts, services and lost titles, in 2024, Governor Hochul's office reported. Last year, the ...
Washington Air Crash Data Reveals Conflicting Altitude Readings
Preliminary data from the deadliest U.S. aviation accident in nearly 25 years showed conflicting readings about the altitudes of an airliner and Army helicopter when they collided near Reagan ...