News
Qualtrics, McKinsey Estimate $100B Insurance Value Gains With AI-Enabled CX
A new report highlights an estimated $860 billion opportunity AI presents in customer experience across industries, including $100 billion for insurance, while also revealing that most senior ...
Hawaii Islands Sinking Faster in Some Areas, Increasing Flood Risk
Parts of Hawaii are sinking faster than others, according to a recent study led by researchers at the University of Hawaii at Mānoa, highlighting the flood risk to infrastructure, businesses and ...
2025 Atlantic Hurricane Forecast: 15-19 Named Storms
A much cooler Atlantic Ocean is likely to lead to fewer, less intense hurricanes this year, according to a forecast issued last month by meteorological consulting firm Weather Bell Analytics. As La ...
North Carolina Legislators Approve Another $524M for Helene Recovery
North Carolina lawmakers agreed Wednesday to spend another $524 million on still-pressing needs from Hurricane Helene's historic flooding nearly six months ago, with an emphasis on home and private ...
U.S. P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and ...
Faulty Panel, Not Software, Prompts Tesla Recall of Most Cybertrucks
Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the ...
The Doctors Co. Buys Med Mal Insurer ProAssurance in $1.3B Go-Private Deal
The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Ala.-headquartered ProAssurance is a specialty insurer ...
Munich Re’s Ergo Buys Next Insurance; InsurTech Valued at $2.6B
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer's major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo ...