News
Boeing Probe of Midair Blowout Results in Inspection of 40 Jets
Federal officials have briefed a congressional committee on their investigations into a jetliner that lost a panel of its fuselage in midflight this month and revealed that airlines have inspected 40 ...
Mixed Demand Highlighted by U.S. Manufacturing Numbers
Anyone looking around Oshkosh's cavernous fire truck factory in Appleton, Wis., for evidence of the longest U.S. manufacturing slump in two decades could be forgiven for coming away scratching their ...
Allstate Q4 2023 Reserve Charge Near $200M
Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings yesterday—among them a $199 million non-catastrophe reserve charge. The carrier said the figure ...
Double-Digit Rate Hikes for 10 Largest Auto Insurers in 2023
According to S&P Global Market Intelligence's RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its ...
After 18 Straight Years, Favorable Loss Reserve Development Streak Could End
In a new article published late last week, Fitch Ratings noted the prospect that 2024 could mark the end of a run of almost two decades of aggregate loss reserve releases for the U.S. ...
Haute Cyber? Attackers Are Strutting Into 2024 With More Sophistication
Ransomware has been a hot topic in the cyber industry for several years, but cyber criminals are finding ways to keep it relevant. "Ransomware, I would say, is decreasing in [frequency] and going ...
Report: Advanced Tech Leads Carrier Innovation in 2024
Leveraging data for increased underwriting accuracy, customized policies and streamlining business operations are some of the top trends for property/casualty insurers in 2024, according to a report ...
Lawsuit Challenging Federal Independent Contractor Rule Filed by Freelancers
A group of freelance writers and editors has sued the U.S. Department of Labor, claiming the Biden administration's new rule making it more difficult for companies to treat some workers as ...