News
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe ...
States With Medical Cannabis Laws Show Decrease in Employee Health Insurance Costs: Study
A newly published study that investigated the effects of adopting a medical cannabis law on the cost of employer-sponsored health insurance in the United States found a correlation between medical ...
U.S. DOL Awards $12.7M in Grants Promoting Workplace Safety, Health Training, Education
A total of $12.7 million in work safety grants was awarded to 102 nonprofits nationwide to fund education and training initiatives designed to create safer workplaces, the United States' Department ...
U.S. Interest Rate Cut Builds ‘Greater Confidence’ About Inflation
The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was ...
Lawsuit: Ship Owner Ignored Needed Repairs Before Baltimore Bridge Collapse
The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse recklessly cut corners and ignored known electrical problems on the vessel, the Justice Department alleged ...
Over 250,000 U.S. Properties Have Repeat NFIP Claims: Report
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data ...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it's not surprising that nearly 7 in 10 actuaries and underwriters are ...
Historic Rainfall Inflicts Chaotic Floods Across Four Continents
Severe rains bucketed down on central Europe, Africa, Shanghai and the U.S. Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different ...