News
Odometer Fraud Up in the U.S.
Odometer rollbacks are on the rise nationwide. The number of vehicles with suspect odometers tops 2 million, according to the latest CARFAX data. Roughly 2.1 million vehicles on the road have had ...
U.S. Property Reinsurance Rates Rose Nearly 50% for Some on Jan 1
U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
New York Wrongful Death Bill Adding Damages for Emotional Suffering Vetoed
New York Gov. Kathy Hochul has again vetoed legislation that would have changed the state's wrongful death statute by letting families recover damages for emotional suffering from the death of a ...
Major Japan Quake Topples Buildings, Killing at Least 30 People
At least 30 people were killed and scores injured in a powerful earthquake that hit off the Noto Peninsula on Japan's northwest coast, toppling buildings, buckling roads and triggering a blaze that ...
Hallmark Financial to Voluntarily Delist From Nasdaq
Property/casualty insurer Hallmark Financial Services said it has voluntarily delisted from Nasdaq after failing to meet requirements to remain on the stock exchange. Hallmark on Dec. 26 provided ...
Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Guy Carpenter
Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals — a reflection of ample capacity and a commercial approach to trading partnerships, ...
Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices
Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki ...
New Year’s Day Road Deaths Expected to Decline This Year
An estimated 375 people could die on U.S. roads this New Year's Day holiday period, according to analysis by the National Safety Council (NSC). This number is down 8 percent from the 408 deaths ...