News
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. ...
Lightning Caused $1.2B in U.S. Homeowners Claim Payouts in 2023: Triple-I
Damage to U.S. homes due to lightning resulted in $1.2 billion being paid out in homeowners insurance claims in 2023. Last year, lightning affected 70,000 policyholders, with $194 million ...
U.S. Forecast: 65% Chance of La Nina Developing in July-Sept
There is a 65 percent chance of the La Nina weather pattern, characterized by cold temperatures in the Pacific Ocean, developing during July-September, according to a U.S. government forecaster. This ...
California Politics Muddy Retail Theft Solutions
With retail theft increasing, California Democratic leadership is clashing with a coalition of law enforcement and business groups in a fierce political fight over how to crack down on the problem. ...
Vantage Group Chairman and Former Arch CEO Iordanou Dies
Constantine "Dinos" Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd., has died. Described as "an industry legend," as well ...
The Latest Launches from CFC, Ascend, VIU
CFC, a specialist insurance provider, launched an update to its cyber risk heat map to include more detail on the key exposures for a range of industry sectors from construction and education to ...
Employee Who Was Trapped in Elevator Denied Workers Comp Benefits
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers compensation benefits. The employee did not suffer any physical injury while she was ...
46% Rise in Cargo Thefts Seen in Q1 2024 Over Same Period in 2023
In the first quarter of 2024, CargoNet documented a staggering 925 thefts, a 46 percent increase compared to the first quarter of 2023 and a 10 percent rise from the fourth quarter of 2023. The ...