News
GM Financial Rebranding OnStar Insurance as General Motors Insurance
GM Financial said it is rebranding its OnStar Insurance to General Motors Insurance, with plans for market expansion.
During 2023, the GM ...
New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery
Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it can be a lengthy, frustrating and bureaucratic ...
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re
Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the ...
2023 Was Average Year for Wildfires Despite Drought, Record Temps
Though 2023 began with nearly 50 percent drought across the U.S., combined with record-breaking temperatures later in the year, the 55,571 wildfires recorded burned just 2,633,636 acres, according to ...
More Boeing 737 Checks Called for After Bolt Findings
The U.S. Federal Aviation Administration (FAA) has recommended airlines operating Boeing 737-900ER jets inspect door plugs to ensure they are properly secured after some operators reported ...
Feds Find Funny Electronic Highway Messages Distracting
It's no joke. A federal agency is discouraging humorous and quirky messages that could distract or confuse drivers on highways and freeways across the country. The Federal Highway Administration ...
Reinsurers’ Casualty Appetites Varied, but Capacity Was ‘Ample’ During 1/1 Renewals
Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance ...
Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss
Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time the prior year to $1.6 billion on lower catastrophe losses and a return to profitable results in ...