News
Urgency, Caution Behind Businesses’ Exploration of AI
Findings from a new report indicate 85 percent of businesses see generative AI as important and plan to explore its applications within the next 24 months, while remaining wary of its risks. ...
Teen’s Death After Spicy Chip Challenge Halts Sales
The death of a Massachusetts teenager after his family said he ate an extremely spicy tortilla chip has led to an outpouring of concern about the social media challenge and prompted retailers to pull ...
First-Half U.S. P/C Underwriting Loss Just $2B Shy of Full-Year Loss for ’22
The net underwriting loss total for the U.S. property/casualty industry, $24.5 billion, is $2 billion less than total losses recorded for all of 2022, according to a new AM Best report. Catastrophe ...
Average Annual Cat Losses Now $133B For Insurance Industry: Verisk
The average annual loss from natural catastrophes has increased to $133 billion, a new high, according to latest analysis using Verisk's extreme event solutions models.. The increase in losses, ...
AAA Study Highlights Child Safety Restraint Issues
A concerning lack of proper child restraint use among children injured or killed in car crashes still exists, according to new analysis from AAA. Five years of crash data from the U.S. Department of ...
Rocks, Insects, Plastic Common Causes of Food Recalls
Rocks in Trader Joe's cookies. Insects in its broccoli-cheese soup. Pieces of plastic in Banquet frozen chicken strips. In recent weeks, U.S. consumers have seen high-profile food recalls for an ...
Security Budgets Expected to Increase as Businesses Deal With Theft, Fraud
Almost half of security chiefs at the world's biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, ...
Wait ‘Til 2025: The Hartford Won’t See Auto Profit Next Year
Even after putting through 20 percent rate hikes over the course of this year, The Hartford needs another round of similar magnitude next year, the insurance company's leader said recently. The ...