News
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for ...
IBHS Wildfire Prepared Program Expands to 10 More States
Fourteen — that's the total number of states that will now have access to the Insurance Institute for Business & Home Safety's Wildfire Prepared designation program.Soaring demand for insurance coverage related to data center construction is creating a "meaningful growth opportunity" for the industry, outstripping some traditional ...
Canadian Insurers Fortify Homes as Wildfire Season Begins
Worried about wildfires sending claims soaring this year, Canada's property and casualty insurers are pushing owners to flood- and fire-proof homes and urging the government to take climate issues ...
Why Some Workers Embrace AI While Others Won’t: Poll
More American workers are experimenting with artificial intelligence in their jobs, but skepticism is still widespread. New Gallup polling of 3,717 employed U.S. adults finds that while more ...
Data Centers Offer a Potential $10 Billion Windfall for Insurers
Right Turn Lane Study Highlights Continued Pedestrian Risk
A new study by the University of Minnesota's Human Factors Safety Lab indicates that while dedicated right-turn lanes are safer when traffic volume is lower, they still pose a significant risk to ...
Uber Faces Another Bellwether Assault Trial Following $8.5M Verdict
After a key setback in the first trial of its kind before a federal jury, Uber is expected to return to court on Tuesday to face a second woman's claims that she was sexually assaulted by a driver ...
Owner, Operator of Ship That Crashed Into Baltimore’s Key Bridge Settles With State for $350M
Maryland has settled with the owner and operator of the massive cargo ship that crashed into a Baltimore bridge two years ago, causing its deadly collapse, state officials announced Thursday. The ...
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process. Allocations to catastrophe ...