News
California Ski Resort Workers Tunnel Their Way In After 10 Feet of Snow
Going to the office has been no small feat for Jon Slaughter's marketing team at Sugar Bowl, requiring the employees to dig down several feet and then tunnel through to the front door after a ...
Skeptical AM Best Tags U.S. D&O Segment With Negative Outlook
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of ...AmFam Underwriting Loss Worsens to $1.7B in 2023
American Family Insurance posted a net underwriting loss of $1.7 billion for property/casualty business in 2023, up from an underwriting loss of $1.5 billion in 2022. While higher claim loss costs ...
After Slow 2023, M&A Activity Expected to Ramp Up This Year
More acquisition opportunities and continued competition across the market is expected in 2024, according to a new report, the "2024 Insurance M&A Outlook," by Deloitte. Property/casualty mergers ...
Hacker Group Claims UnitedHealth Paid $22M Ransom to Recover Data
A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to recover access to data and systems encrypted by the "Blackcat" ransomware gang, ...NTSB Report Casts Doubt That Truck’s Steering Locked in Fatal Crash With Cyclists
A report released recently casts doubt about the driver's claim that the vehicle's steering locked up before a fatal crash involving a pickup truck and a group of cyclists last year near Phoenix. The ...
25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey
Overall commercial property/casualty premiums increased slightly for all account sizes to 7 percent on average in the fourth quarter of 2024, continuing a trend that has now last more than six years. ...
Rising Sea Levels Increase Threat of Arsenic in Drinking Water: Study
Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published in PLOS One in January. Researchers focused on arsenic in well water in ...