News
Small Business Focused InsurTech Rainbow Announces $12M Seed Round
Rainbow, a digitally-enabled managing general underwriter offering tailored small business insurance products, has announced $12 million raised in seed funding with participation from Caffeinated ...
Long Road Back for GM’s Cruise After Safety Review
General Motors' Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human ...
Generative AI Can Boost Insurance Industry Fraud Detection, Customer Service
Strategic implementation of generative AI can be a significant differentiator for stakeholders in the insurance industry, according to new research by Info-Tech Research Group. Without a ...
California Sued by Business and Agricultural Groups Over New Climate Disclosure Laws
Business and agricultural groups sued California on Tuesday over the most sweeping climate disclosure mandates in the nation, arguing the policies signed by Gov. Gavin Newsom last year overstep on ...
Record Q4 at Chubb Ends Historic, ‘Blowout Year’
Record fourth-quarter 2023 net income of $3.3 billion, a huge increase over net income of about $1.3 billion during the same period a year ago, ended what CEO Evan G. Greenberg called a "blowout ...
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7, outperforming personal lines at 109.9, according to the latest underwriting ...
Shipment Misdirection Top Cargo Threat, Thefts Increased 59% in Q3 2023
There were 692 reported thefts of cargo across the United States and Canada in the third quarter of 2023, a 59 percent increase when compared to the third quarter of 2022, according to CargoNet. ...
Newly Launched U.S. Bitcoin ETFs Raise Concerns Over Financial System Risks
The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new ...