News
New Report Outlines How Tech Is Used to Target Transportation, Logistics Sectors
In 2022, a covert practice by unscrupulous lawyers targeting insurers was uncovered by Demotech Inc., a financial analysis firm serving the property/casualty insurance sector. Demotech's research ...
IRC: Michigan No-Fault Reforms Led to More Affordable Personal Auto Insurance
Since Michigan auto insurance reforms enacted in 2019, personal auto insurance affordability has improved substantially, according to the a new report by the Insurance Research Council (IRC), a ...
Reforms Coming to Hawaii Workers Comp System
Following a rare win for injured workers this past legislative session, a Hawaii lawmaker is pushing for more reforms to the state's workers' compensation system, in an effort that has support from ...
Experts Say More Collaboration Needed for Critical Infrastructure Cyber Risk
Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter's Cyber Center of Excellence, ...
AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%
The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG). The deconsolidation and ...
Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe
Verisk's Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes ...
CrowdStrike Is Sued by Shareholders Over Huge Software Outage
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more ...
Illuminated Crosswalks Aid Drivers in Yielding to Pedestrians: IIHS
In areas with few streetlights, drivers are more than three times as likely to yield to pedestrians at illuminated crosswalks than at dark ones, according to a new study from the Insurance Institute ...