News
J.D. Power: Auto Insurance Shopping Hits New High, Could Drop With Rate Adequacy
The national auto insurance shopping and quoting rate reached a new high between April and June, but many insurers appear to have achieved or are approaching rate adequacy, "which should lead to less ...
‘Surface Waters’ on Roof Are Not ‘Flood’ Waters, Massachusetts High Court Rules
The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute "surface waters" within the meaning of "flood" in property insurance policies. The ...
Recently we explored how specialty insurance markets emerge and the signals that help MGAs distinguish a lasting opportunity from temporary...
After Crash Killed 6 Teens, NTSB Says Marijuana’s Impact on Drivers Underestimated
A horrific crash that killed six high school girls in Oklahoma two years ago has the head of the U.S. National Transportation Safety Board urging parents to warn teenagers about the risk of driving ...
Nearly 1.5M Acres Burned This Year by Wildfires Across the U.S.
As of this morning, 88 large active wildfires are being managed and have burned 1,431,460 acres. Fire managers are using full suppression strategies on 84 of these wildfires., an update by the ...
Survey Finds Nearly 75% of U.S. Firms Developing DeepFake Response Plans
A new survey sheds light on how the growing sophistication of AI-driven identity fraud necessitates upgraded cybersecurity protocols, according to GetApp. As AI-generated deepfake attacks and ...
Bug in Quality Control Process Led to Botched CrowdStrike Update
A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control ...
Chubb Q2 Net Income Up 24% to $2.2B
Chubb said second-quarter net income was up more than 24 percent to about $2.2 billion despite higher catastrophe losses than a year ago. Catastrophe losses for the second quarter were $580 million, ...
U.S. Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re
U.S. severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated $61 billion in global H1 insured losses from natural ...