News
U.S. P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. "After years of ...
DEI Should Be Included in Workplace Injury Prevention Initiatives: Report
Although increases in regulations, innovative technologies, hazard assessments and other methods have improved workplace safety, research shows workers of color face more work-related injuries and ...
New Accounting Rule Forces Change to How AM Best Ranks Top Reinsurers
The implementation of IFRS 17 accounting standards in the insurance industry has forced a modification to AM Best's annual ranking of top reinsurance groups for 2023, the rating agency said. IFRS 17 ...
Travelers: Common Pitfalls to Avoid This Wedding Season
As peak wedding season approaches, Travelers Companies, Inc. offers tips for brides and grooms. According to the insurer's data, vendor issues (45 percent) were the leading cause of paid wedding ...
Musk Supports California Bill Requiring Safety Tests on AI Models
Tesla chief Elon Musk, who also owns social media platform X, said on Monday he feels California should pass an AI bill that would require tech companies and AI developers to conduct safety testing ...
NSC: Preventable Traffic Crashes May Take Hundreds of Lives Over Labor Day Weekend
Hundreds of lives in the U.S. may be at risk due to preventable traffic accidents this upcoming holiday weekend, according to an analysis by the National Safety Council. During the Labor Day holiday ...
GM’s Cruise to Offer Robotaxis on Uber’s Platform Next Year
Cruise will offer its autonomous vehicles on ride-hailing platform Uber starting next year, the companies said last Thursday, as the General Motors-backed robotaxi firm attempts a comeback. The ...
RAND Study Eyes Impact of Legal System Abuse and Social Inflation
A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social ...