News
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
It's not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of ...
Beryl Lands in Texas; Record Storm Spawns ‘Early Warning’ for Insurers
Although Beryl was still a tropical storm on Sunday, late day National Hurricane Center advisories put it on track to make landfall on the middle Texas coast early Monday, possibly regaining strength ...
CEO Viewpoints: On Michigan, California and Litigation ‘Leeches’
"Michigan—not so great." The easy-to-overlook observation about insurance risk, delivered by Elizabeth Heck, chief executive officer of Greater New York Insurance Companies, during a panel ...
Powerful Hurricane Beryl Bears Down on Mexico
Hurricane Beryl continues its destructive path, with dangerous winds, storm surges and heavy rainfall expected over portions of the Yucatan Peninsula in Mexico. The powerful hurricane has already ...
OpenAI’s Internal AI Details Stolen in 2023 Breach
A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company's artificial intelligence technologies, the New York Times reported on ...
Untreated Water Tied to U.S. Cucumber Salmonella Outbreak That Sickened 450
Untreated water used by a Florida cucumber grower is one likely source of salmonella food poisoning that sickened nearly 450 people across the U.S. this spring, federal health officials said Tuesday. ...
Sorry, Wrong ZIP Code: Regulators Move Forward With California Reforms
Why isn't my ZIP code on the map? Questions along those lines emerged at a public hearing hosted by the California Department of Insurance last week when CDI sought comments on proposed regulatory ...
U.S. Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair
This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn't enough to steer people away from risk in a changing ...