News
Recent Years’ Commercial Auto Loss Costs Dog Selective Insurance in NJ
Lower levels of catastrophe losses more than offset impacts of prior-year reserve boosts to Selective Insurance's third-quarter and nine-month combined ratios. But behind improved underwriting ...
Pedestrian Automatic Emergency Braking Greatly Improved Since 2019: AAA
A new report highlights how nighttime road safety improved with automatic pedestrian detection, according to research conducted by AAA. Testing was conducted on a closed course using a robotic ...
Hi-tech Accessories, AI Boost Amazon Delivery Speeds and Promise to Reduce Injuries
In its relentless drive to bring everyday items to customers faster, Amazon has shifted expectations from two-day delivery to same-day and even within an hour. Now, with robots, artificial ...
Golf Legend Jack Nicklaus Wins $50M Verdict in Defamation Lawsuit
Professional golf legend Jack Nicklaus has won a $50 million verdict in a defamation lawsuit filed in Florida against his former business partners. A six-person jury in Palm Beach County found Monday ...
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss to the cyber insurance market, but losses from the temporary lapse in cloud ...
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3
Insurer Chubb booked third-quarter net income 20.5 percent higher than a year ago at $2.8 billion—with record P/C underwriting income of $2.26 billion. Underwriting income was 55 percent more than ...
U.S. Saw Record $101 Billion in Weather Losses Through June
The U.S. saw more than $101 billion in losses from severe storms and fires in the first half of 2025, setting a record. That's according to a database of billion-dollar disasters that a nonprofit has ...
Jewelry Stolen From Louvre Valued at 88 Million Euros, Paris Prosecutor Says
Thieves who staged a daring daylight heist at the Louvre museum in Paris made off with jewels worth an estimated 88 million euros ($102.63 million), Paris public prosecutor Laure Beccuau said on ...