News
Despite Risks, Most Consumers Globally Plan to Shop Online During the Holidays
Nearly all shoppers globally plan to do some or all of their holiday shopping online, according to a new report released by Norton that surveyed respondents in 13 countries. The anti-virus and ...
U.S. Senate Committee Wants Investigation Into Florida Citizens’ Loss Reserves
The chairman of the U.S. Senate's Budget Committee has begun an investigation into Florida's Citizens Property Insurance Corp. and how the state-created insurer plans to address potential ...
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Brinson Caleb "BC" Silver, former chief marketing officer for InsurTech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating court orders. According to ...
Hillary Clinton Calls for Reform of Insurance Sector at COP28 Climate Talks
Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly withdrawing assistance against climate shocks. Lower-income ...
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 ...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure ...
NOAA: 2023 Atlantic Hurricane Season Ranks 4th for Most-Named Storms
Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in a year since 1950, the National Oceanic and Atmospheric Administration (NOAA) ...
U.S. Agencies Calling for Extended Cockpit Voice Recording Data to Boost Safety Probes
The Federal Aviation Administration (FAA) on Thursday said it is proposing to extend the cockpit voice-recording requirement to 25 hours for all new airplanes from the current two-hour loop. The ...