News
ShakeAlert Adding Satellite Capabilities for Earthquake Warnings
The U.S. Geological Survey and its partners have come out with a new capability designed to characterize large earthquakes quickly in hopes of helping warn the public about potentially damaging ...
P/C Insurers Record $9.3B Q12024 Underwriting Gain: AM Best
The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an ...
Rutgers: Bike Lanes Reduce Traffic Speeds
The installation of bike lanes along N.J. roadways reduced driving speeds, according to a new study by Rutgers University-New Brunswick. Researchers made the finding after conducting a study at a ...
Study Confirms Earth Is Warming at a Record Rate
The rate Earth is warming hit an all-time high in 2023 with 92 percent of last year's surprising record-shattering heat caused by humans, top scientists calculated. The group of 57 scientists from ...
Walmart Says False Alarms Anticipated if NY Panic Button Legislation Passes
Retail giant Walmart says it is against putting panic buttons in stores - a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe. On Friday, the ...
U.S. Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch's latest U.S. Personal Lines Market Update, the change is predicted amid signs that ...
AM Best Ups Reinsurance Outlook to Positive
Decelerating reinsurance rate increases aren't a worry for AM Best analysts who have revised the global reinsurance segment outlook to positive from stable, citing "robust profit margins" as a driver ...
NJ Man Gets 10-Year Prison Term for Lead Role in No-Fault Insurance Fraud
Bradley Pierre was sentenced to 10 years in prison for conspiracy to commit bribery and conspiracy to defraud the Internal Revenue Service in connection with his orchestration of a $60 million fraud ...