News
North Carolina Calculates Helene Damage at $58B, Far More than Florence
The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper's ...
Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple-I/CAS
Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by ...
Hurricane Intensity Forecasts Can Be Improved With Sea Spray Effects
New research suggests incorporating the effects of sea spray into models that predict hurricane behavior can improve forecasting, according to research by Florida State University in collaboration ...
Slack Identifies 5 Workplace Personalities Related to AI Use in the Workplace
Artificial intelligence's recent rise to the forefront of business has left most office workers wondering how often they should use the technology and whether a computer will eventually replace them. ...
S&P Reveals Top 50 Largest P/C Insurers
As the third-fastest growing company on a list of the world's top 50 largest insurance companies, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P ...
Herald Raises $12M in Series A Funding Round
Herald, a digital infrastructure provider for commercial insurance, announced a $12 million Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation ...
Second-Warmest September Recorded in the U.S. and Globally
Temperatures were above average across most of North and South America as well as Europe,according to the September 2024 U.S. and Global Climate Reports. Globally, temperatures averaged cooler than ...
Stable Outlook for Canada’s P/C Insurers as Weather-Related Losses Fuel Volatility: AM Best
Though Canada's property/casualty (P/C) insurers faced average catastrophe activity during the first half of 2024, four major events in this year's third quarter should lead to another record year ...