News
Global Insured Nat Cat Losses Top $100B for Fourth Straight Year: Swiss Re
Global insured losses from natural catastrophes in 2023 exceeded $100 billion for the fourth consecutive year — an indication of the new norm for nat cat losses, according to Swiss Re. Other ...
CCC: Vehicle Complexity, Rising Labor Costs, Shortages Pressure Carriers
Despite safer vehicles on the road with technology that aids in avoiding crashes, the advanced technology is contributing to costlier repairs, higher claims costs and longer cycle times, according to ...
NCCI: Complex Factors Influence Whether Wage Impacts TD Duration
A new study released by the National Council on Compensation Insurance (NCCI) indicates there are a number of factors, including age, that impact how long a worker remains on workers compensation ...
Container Ship Causes Baltimore Bridge Collapse
Baltimore's Francis Scott Key Bridge collapsed early on Tuesday after a container ship smashed into a pylon, sending eight people into frigid water below. A container ship named the Dali was sailing ...
California Doubles Water Allocation for Most Contractors After February Storms
State officials on Friday doubled the amount of water California agencies will get this year following some strong storms that increased the snowpack in the mountains. The State Water Project is a ...
Ahem. Results for the U.S. P/C Industry Improved ‘Slightly’ in 2023
A new report from AM Best reveals that the U.S. property/casualty industry recorded a $21.2 billion net underwriting loss in 2023, slightly improved from a $24.9 billion underwriting loss recorded in ...
Airbag Inflator Issue Prompts Chrysler to Recall Nearly 286,000 U.S. Vehicles
Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety ...
CoreLogic: Mid-Month Hail Events Impact More Than 600K Homes
Several convective storms earlier this month spawned hail as large as softballs, causing damage to more than 600,000 homes across the Central U.S., according to a weather bulletin by Jon Schneyer, ...