News
AM Best: U.S. P/C Industry Suffered Second Straight Year of $20B+ Underwriting Losses in 2023
Unprofitable results in the U.S. private passenger auto and homeowners/farmowners market insurance segments led to a second straight year of net underwriting losses in the property/casualty industry ...
Beryl Becomes Earliest Ever Category 5 Hurricane in Atlantic
Hurricane Beryl has strengthened after becoming the earliest ever Category 5 storm in the Atlantic, with the system heading toward Jamaica with life-threatening winds and heavy rainfall. Maximum ...
Proposed OSHA Rule Would Protect Workers From Extreme Heat
The Biden administration on Tuesday unveiled a long-awaited proposal that would require many U.S. employers to protect 36 million workers from extreme heat. The proposed rule from the U.S. ...
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida
Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida to work in a new office campus only to have those plans later scrapped amid a fight ...
Report: As Businesses Improve Security, Cyber Premiums Fall
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on ...
Triple-I: Legal Reforms Tamp Down Florida Home Insurance Rates in 2022, 2023
Home insurance premiums in Florida rose at a much lower rate than originally projected in 2022 (41 percent less) and 2023 (80 percent less), according to analysis by researchers at the Insurance ...
Beryl First Atlantic Hurricane of the Season
Tropical Storm Beryl strengthened into a hurricane on Saturday, according to the National Hurricane Center. In an advisory issued this morning, satellite imagery and Barbados radar data indicated ...
Airbag Sensor Issue Prompts VW Recall of 307,000 Vehicles
Volkswagen said on Wednesday it was recalling over 307,000 vehicles in North America due to a potential wiring fault that may deactivate front passenger air bags when the seat is occupied. The recall ...