News
After 18 Straight Years, Favorable Loss Reserve Development Streak Could End
In a new article published late last week, Fitch Ratings noted the prospect that 2024 could mark the end of a run of almost two decades of aggregate loss reserve releases for the U.S. ...
Haute Cyber? Attackers Are Strutting Into 2024 With More Sophistication
Ransomware has been a hot topic in the cyber industry for several years, but cyber criminals are finding ways to keep it relevant. "Ransomware, I would say, is decreasing in [frequency] and going ...
Report: Advanced Tech Leads Carrier Innovation in 2024
Leveraging data for increased underwriting accuracy, customized policies and streamlining business operations are some of the top trends for property/casualty insurers in 2024, according to a report ...
Lawsuit Challenging Federal Independent Contractor Rule Filed by Freelancers
A group of freelance writers and editors has sued the U.S. Department of Labor, claiming the Biden administration's new rule making it more difficult for companies to treat some workers as ...
Climate Change Blamed for U.S. Deep Freeze While Rest of World Swelters
Much of the United States is shivering through brutal cold as most of the rest of the world is feeling unusually warm weather. However strange it sounds, that contradiction fits snugly in ...
New York Proposes Guidance Governing Insurers’ Use of AI
New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in underwriting and pricing. A circular ...
Millennials, Gen X Push Ahead of Gen Z in Homeownership in 2023
Home insurers take note: homeownership by millennials and Gen X grew in 2023, while Gen Z lagged, according to a new report by Redfin, an online real estate brokerage firm. Even so, most Gen Zers are ...
Avalanche Risk High in Much of Western U.S.
As a massive winter storm dumped snow across much of the western U.S. earlier this week, some hardy winter sport enthusiasts headed to ski resorts and backcountry slopes despite frigid temperatures. ...