News
NWS: July 15 Chicago Area Derecho Produced Record Number of Tornadoes, Widespread Damage
On July 15, a well-organized thunderstorm rolled across Iowa, Illinois and parts of Indiana, according to the National Weather Service. Wind speeds of 60-100 mph were observed within the line, ...
Applied Systems Acquires AI Intelligence Firm Planck
Global cloud software provider Applied Systems announced the acquisition of Planck, an artificial intelligence company servicing the insurance industry. Founded in 2016, Planck was created by AI and ...
First Lawsuits Filed Over Florida Soccer Tournament Stampede Injuries
The first lawsuits have been filed in connection with last weekend's melees that broke out when fans without tickets forced their way into the Copa America soccer tournament final at Hard Rock ...
GM’s Self-Driving Vehicle Without Steering Wheel on Hold
General Motors' Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt rather than its planned futuristic Origin vehicle that would not have a steering wheel ...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage
Industry stakeholders continue to try to get a grasp of the implications from last week's massive technology outage affecting motley industries around the world, but the theme of policy language is ...
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance
A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp ...
Tesla Blasts Off to Top P/C Insurance Growers Chart
While personal lines insurers reported double-digit rates of direct premiums written growth in 2023, some relative newcomers to the segment—including Tesla Insurance—saw triple-digit leaps ...
Personal Auto Driving P/C Insurers to 2024 Underwriting Profit
S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time ...