News
U.S. Power Companies Under Fire Over Role in Deadly Wildfires
The wildfire raging across the Texas panhandle, dubbed the Smokehouse Creek Fire and officially the largest on record for the state, has doubled in size since earlier this week and burned through an ...
Gun Oversight Focus of Testimony in Fatal Alex Baldwin Movie Set Shooting
A film-set manager increased oversight of firearm safety but was only partially aware of misfires in the days leading up to the fatal shooting of a cinematographer by Alec Baldwin during rehearsal ...
State Farm Underwriting Loss Climbs to $14B
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant's history. A year later, and another record. The underwriting loss figure climbed to ...
Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch
Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the pace to profitability will vary. Auto insurers Progressive and GEICO were ...
Insurance Journal’s Jergler Named Editor of Claims Journal
Claims Journal, a Wells Media Company, has named Don Jergler as editor. He succeeds Jim Sams who retired in January. Jergler has covered the insurance industry for over 20 years and holds multiple ...
Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’
Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million for the full year but its chief executive said the company has seen "dramatic ...
Gas Stoves May Emit More Nanoparticles Than Car Exhausts, and Other Risk Alerts
Cooking on a gas stove can emit more nano-sized particles into the air than vehicles that run on gas or diesel, possibly increasing the risk of developing asthma or other respiratory illnesses, a new ...
Triple-I: Lawsuit Abuse Adding to Auto Insurance Rate Hikes
Increasing litigation is adding to rate hikes in auto insurance coverage, according to a new report by the Insurance Information Institute (Triple-I). The excessive litigation has compounded the ...