News
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. ...
California’s New Daylighting Law Aims to Improve Pedestrian, Vehicle Safety
A new California law that became effective January 1st aims to improve the visibility of both vehicles and pedestrians in an effort to improve safety for both, according to the San Francisco ...
Florida Considers Stiffer Penalties in Retail Theft Crackdown
Earlier this week, Florida Governor Ron DeSantis announced proposed legislative action to curb the growing nationwide retail theft and porch piracy trend. In 2022, retailers across the country lost ...
Slow Recovery for Puerto Rico After Hurricane, Earthquake
Puerto Rico is trudging through reconstruction work after two devastating hurricanes and a string of strong earthquakes, and has spent less than 10 percent of more than $23 billion in available ...
Prudential Reports Unauthorized Access to Its Computer Systems
Prudential Financial has disclosed a hacker gained unauthorized access to its systems earlier this month. In a Feb. 13 filing with the U.S. Securities and Exchange Commission, Prudential said that on ...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion, according to data from 15 state surplus lines offices released by the Wholesale & ...
Microsoft Says It Caught Hackers From China, Russia and Iran Using Its AI Tools
State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on ...
Valentine’s Day Associated With 64% Increase in Smoke, Fire Alarms
An unusual safety anomaly seems to happen every February 14. Homeowners across the U.S. are far more likely to report a fire alarm in the evening hours on Valentine's Day compared to a typical night, ...