News
Disaster Resilience Group Recommends Insurance Surcharges, Oil Fees to Fund NJ Rebuilding Projects
A 2 percent surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of ...
Study Urges Rethinking of Disaster Management in Era of Compounding Events
A new report warns that compounding natural disasters introduce new, interconnected and complex risk scenarios — and points to a need to reimagine efforts that support disaster preparedness, ...
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss
The Travelers Companies Inc. reported second-quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 ...
Insurers Face Business Interruption Claims After Global Tech Outage
Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by ...
Surge of Deepfake Identity Fraud Has Consumers Worried
Fraudulent transactions in the first half of 2024 were up over 73 percent year over year, and suspected fraudulent transactions increased by over 84 percent, according to the 2024 Mid-Year Identity ...
KCC: Frequent SCS Activity Emphasizes Need for Latest Modeling Tech
Despite only one landfalling hurricane, 2023 wasn't a good year for property/casualty insurers, and severe convective storms (SCS) are being blamed for the bad results, according to Karen Clark & ...
What Role Does Insurance Play in a Politically Charged Climate?
Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump's 2024 election campaign. During the incident, the former president ...
Tech Bytes: New Partnerships at bolt, Cytora, Equisoft
Stellantis Financial Services US, a captive automotive finance company of Stellantis in North America, announced a new partnership with InsurTech bolt to support customers of Chrysler, Dodge, Jeep , ...