News
Most Commercial Auto Insurers Researching Telematics: Survey
Approximately 78 percent of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for ...
Buffett Watchers Tout Japan Insurers, Banks as Next Potential Value Targets
Warren Buffett's buying of Japanese trading firms helped propel the nation's stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets. Insurers ...
Israel to Provide $6B War Insurance Cover for Israeli Airlines
Israel's parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance Ministry said on ...
75% of Small Businesses Are Underinsured; 70% Use Agents: Survey
Small businesses may be growing their revenue, but the vast majority–75 percent–are not adequately protecting themselves and their assets. Small businesses are an essential part of the U.S. ...
California County Sues Power Company Alleging Equipment Sparked Wildfires
A Southern California county has filed lawsuits alleging a major power company's negligence caused two wildfires that collectively burned thousands of acres and prompted the evacuation of tens of ...
500K Vehicles Stolen in H1 2023, Dodge Muscle Cars Top List
Vehicle thefts continue to plague the nation, according to a new report released by the National Insurance Crime Bureau (NICB). The report was released to coincide with National Crime Prevention ...
Northern Hemisphere to Experience El Nino Conditions Through Spring
There is an 80 percent chance that the El Nino weather pattern will continue through the Northern Hemisphere spring from March to May 2024, a U.S. government forecaster said on Thursday. ...
McElroy, Bailey, Hancock Get New AIG Leadership Roles
American International Group announced that David McElroy, Don Bailey and Jon Hancock will be taking on different roles starting on Jan. 1, 2024—moves that AIG says will see them leading the ...