News
Hurricane Francine Bears Down on Louisiana With Dangerous Winds
Hurricane Francine is closing in on Louisiana with high winds and dangerous storm surge, picking up speed as it nears the coast. Francine is a Category 1 hurricane with top winds holding steady at 90 ...
State Farm: Catalytic Converter Thefts Drop 74%
For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims. There was a 74 percent drop for the first half of 2024 compared to the ...
U.S. Seeks New Pedestrian Safety Rules Aimed at Bigger SUVs, Pickups
The U.S. government's road safety agency wants the auto industry to design new vehicles including increasingly large SUVs and pickup trucks so they reduce pedestrian deaths and injuries. The National ...
Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can ...
Breached Organizations Spend More on Cyber Resilience
Organizations that have endured cyber incidents in the past don't want to get burned again, according to a newly released survey by cyber resilience and data protection solutions firm CommVault. ...
AM Best: Unfavorable Operating Performance Key Driver of Downgrades
Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based insurers in 2023 compared with two years earlier, according to a ...
Safety Agency Probing Jeep SUVs, Pickup Fires After Engines Turned Off
U.S. auto safety regulators are investigating reports that the engines can catch fire on some Jeep SUVs and pickup trucks even with the ignition turned off. The probe covers more than 781,000 Jeep ...
Akur8 Acquires Arius From Milliman
Akur8, an insurance pricing solution based on machine learning, announced that it has acquired Arius from Milliman Inc. Arius, an award-winning P/C reserving software for insurers and reinsurers, has ...