News
Despite Decline in Cyber Breaches, Middle Market Firms Must Remain Vigilant: Survey
New data cautions that though cyber breaches have fallen significantly, after reaching a record-high of 28 percent in 2024, middle market companies must remain diligent in their cybersecurity ...
NTSB Finds Multiple Failures Before Deadly NJ Cargo Ship Fire
The Newark fire department's lack of training and familiarity with marine firefighting during a deadly cargo ship fire at the East Coast's largest port in July 2023 amounted to a "failure of ...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires
The Travelers Cos. said first-quarter 2024 fell 65 percent on an underwriting loss of $305 million. Travelers posted first-quarter net income of about $395 million compared to about $1.1 billion ...
Progressive Q1 Net Income Up 10%
First-quarter net income at Progressive Corp. increased 10 percent compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42 ...
Group Sues California Department of Insurance Over FAIR Plan Surcharges
A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California ...
Potential Tariff Auto Severity Impact on Travelers: Single-Digits or Less
Wildfire losses obscured what executives of Travelers described as outstanding underlying results for the insurer's first quarter—and looking ahead, the company is well-positioned to face the ...
Insurers Need End-to-End Strategy to See Double the ROI in AI Implementation
A new report outlines how insurers must focus their AI efforts to achieve a return on investment (ROI). "How Insurers Can Supercharge Their Strategy With AI," by Boston Consulting Group (BCG), ...
Delayed NY’s Retail Worker Safety Act Goes into Effect June 2
Originally set to go into effect Jan. 31, New York's new law offers workers more protections against workplace violence and harassment. The Retail Worker Safety Act (S. 8358B/A. 8947C), signed by ...