News
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income
Chubb recorded an 11.7 percent increase in P/C underwriting income with a combined ratio of 87.7 as part of third-quarter net income of about $2.2 billion, up 13.8 percent. CEO Evan G. Greenberg said ...
Commercial Brake Safety Week Results Show Only 13% Had Out-of-Service Violations
As part of Commercial Vehicle Safety Alliance's (CVSA) North American Brake Safety Week, held August 25-31, certified inspectors in Canada, Mexico and the U.S. conducted 16,725 inspections on ...
Survey Finds Consumers See Link Between Attorney-Repped Claims and Higher Auto Insurance Costs
Drive along any stretch of highway and you'll see widespread advertising by billboard attorneys encouraging consumers to hire a lawyer to settle an auto accident claim. But this leads to higher costs ...
Consumers Sue McDonald’s in Proposed Class Action Over E.coli Outbreak
McDonald's was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain's Quarter Pounders. Amanda McCray of Chicago and ...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon
The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to-date economic losses above at least $258 billion and insured losses of at least $102 billion, ...
Repair Times Decline by 5 Days, Auto Claims Costs Continue to Rise: JD Power
Rising auto insurance premiums and long cycle times have been the bane of insurers for some time. A new report, "U.S. Auto Claims Satisfaction Study" from J.D. Power, finds that the average repair ...
2025 Predictions: Tech and UBI Growth, 5 Carriers to Exit Auto Market
It's expected that in 2025, rising claims costs will continue to push insurance rates higher, frustrating customers and forcing insurers to customize products, according to a report by global market ...
Beef Patties Not Source of E. coli, McDonald’s Quarter Pounder Back on Menu
McDonald's announced Sunday that Quarter Pounders will again be on its menu at hundreds of its restaurants after testing ruled out beef patties as the source of the outbreak of E. coli poisoning tied ...