News
While Q3 Numbers Hold Steady, Surge in High-Value Cargo Theft Seen Across U.S., Canada
While figures show a stabilizing theft landscape, high-value and ultra-high-value goods are increasingly targeted by organized crime rings, according to the Q3 report released by CargoNet. The cargo ...
Cost Cutting, AI Lead to Surge in U.S. Planned Layoffs in October
Layoffs announced by U.S. employers surged in October as companies sought to cut costs and embrace artificial intelligence, marking the highest level for the month in 22 years and suggesting labor ...
California Doesn’t Strongly Punish DUIs as Alcohol-Related Road Deaths Increase: Report
Masako Saenz didn't just lose her 5-year-old son to a repeat drunk driver. Two decades later, the Sacramento mother lost her own life after being hit by a driver with a blood alcohol level twice the ...
Lemonade Books Q3 Net Loss of $37.5 Million
InsurTech Lemonade reported a third-quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit increased 42% and ...
Making Auto Insurance Affordable: Industry Executives Celebrate Florida Reforms
During earnings conference calls this week—one on Election Day, and the other two days later—leaders of two large personal lines insurers commented on affordability issues, highlighting the ...
AXA Announces Death of Its Founder Claude Bébéar at 90
AXA announced that Claude Bébéar, its founder and honorary chairman, has passed away at the age of 90. In less than one generation, Claude Bébéar transformed "a small mutual insurance company in ...
Preliminary Hurricane Melissa Estimates Tally Insured Losses Between $1.5B-$5B
As Jamaica and Cuba continue to pick up the pieces in the aftermath of Hurricane Melissa, the third Category 5 hurricane of the 2025 Atlantic season, new insured property loss figures range between ...
Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk
After several years of competitive pricing and capacity expansion, cyber insurers appear to be reassessing coverage breadth.
U.S. Sees Air Safety Risks as Government Shutdown Hurts Flying
Transportation Secretary Sean Duffy said he'd close U.S. airspace if officials determined air travel was dangerous, as the government shutdown stretches into its second month. "If we thought that it ...