News
Global Standards Board Says Corporate Auditors Play Larger Role in Identifying Fraud
Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals on Tuesday. The International ...
Flash Flood Alerts Still in Effect in Los Angeles Where Record-Setting Storm Killed 3
A storm of historic proportions dumped a record amount of rain over parts of Los Angeles on Monday, sending mud and boulders down hillsides dotted with multimillion-dollar homes while people living ...
Top AI Trends for Insurers in 2024 Include Claims, Other Insurance Processes
Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a new report examining the industry and how it's using AI shows. The ...
AM Best Revises Outlooks to Negative for Amica Mutual
Insurance rating firm AM Best has revised the outlooks to negative from stable and affirmed the superior credit ratings of Amica Mutual Insurance Co. and its subsidiary, Amica Property and Casualty ...
U.S. Probe of Tesla Steering Issues May Result in Recall
A U.S. government investigation into steering problems with more than 334,000 Tesla electric vehicles is a step closer to a recall. The National Highway Traffic Safety Administration says in ...
3M People Worldwide Die of Work-Related Accidents, Diseases: Report
Nearly three million workers die each year due to work-related accidents and diseases, an increase of more than 5 percent as compared to 2015, according to a recent estimate by the International ...
California Saw Driverless Cars Cover 5x More Test Miles in 2023
Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year's total, even as concerns rose in the wake of a Cruise robotaxi accident, ...Chubb Writing More Personal E&S, but CEO Greenberg Doesn’t Like the Trend
Chubb is writing more North American personal excess and surplus lines business, but the insurer's chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter ...