News
2023 Was an Unpredictable Year for Tornadoes in the U.S.
Last year, there were 1,269 preliminary confirmed tornadoes in the U.S., which is the 12th most on record (1950-2023) and greater than the 10-year average (1,155), according to the "Year In Review" ...
Long-Term Road Maps Are Top Enterprise AI Priority: Study
New survey research indicates long-term AI strategy is the top priority for enterprise AI decision-makers, according to global technology research and advisory firm Information Services Group (ISG). ...
GM Cruise Robotaxi Unit Names Former Ford, Apple Exec Safety Chief
General Motors' Cruise recently named a longtime auto and tech industry employee as head of safety for the robotaxi unit. Cruise named Steve Kenner as its chief safety officer, who will oversee ...
U.S. Port Online Attack Vulnerability Leads to Heightened Cybersecurity
President Joe Biden on Wednesday signed an executive order and created a federal rule aimed at better securing the nation's ports from potential cyberattacks. The administration is outlining a set of ...
InsurTech Root Results Improve but Remain at a Net Loss
InsurTech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for ...
Zurich Insurance Posts Highest-Ever Operating ROE for 2023
Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of ...
IIHS Announces Changes to Moderate Overlap Front Crash Test Scoring Criteria
New scoring criteria is being rolled out for the Insurance Institute for Highway Safety's moderate overlap front crash test to better account for variations in the position of the rear shoulder belt. ...
Carrier Retention Rates Decline Due to Auto Insurance Comparison Shopping
Consumers purchasing new policies and shopping around for auto insurance in the U.S. helped carriers post positive year-over-year growth and record volumes for the final quarter of the year, ...