News
Ransomware Attacks Lead to Unrecovered Data, Workplace Stress
Ransomware continues to be the largest single cause of IT outages and downtime, with organizations reporting that 41 percent of data is compromised during a cyber attack, according to the latest ...
Mitchell: EV Total Losses Rise as Prices Drop
Total loss frequency for electric vehicles (EV) continues to climb as prices for used EVs have fallen, according to a report issued by Mitchell, an Enlyte company. The technology and information ...
Florida Mayor Says May 10 Tornadoes Caused $50M in Damage
Recovery from a May 10 tornado outbreak has cost Florida's capital city $50 million so far, Tallahassee Mayor John Dailey said Friday. Florida officials have requested that the Federal Emergency ...
Ford Says Drivers Will Be Able to Take Their Eyes Off the Road in Two Years
Ford Motor Co. is just two years away from offering technology that will allow drivers to take their eyes off the road and their hands off the wheel, according to Chief ...
AXA XL Realigns Operations in the Americas; Redundancies Caused by Moves
AXA XL said it streamlined its underwriting operations in the Americas, which will now be three segments: large commercial, middle-market and professional. The realignment is "resulting in ...
Judge Cuts Bayer $2.25 Billion Roundup Verdict to $400 Million
A Pennsylvania judge on Tuesday slashed a $2.25 billion U.S. verdict against Bayer to $400 million for a Pennsylvania man who said he developed cancer from exposure to the ...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey
Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate AI into their analytics (49 percent), but most have yet to bring "traditional" analytics into areas ...
After First Net Loss Since 1923, USAA Back to Profit in 2023
USAA on Friday said it recorded net income for 2023 of about $1.2 billion, reversing a 2022 loss—the first for the company since 1923—of about $1.3 billion. The San Antonio, Texas-based ...