News
Gulf Coast Oil Patch Dodges Hurricanes This Season
A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of ...
Top States for Animal Collisions
New analysis released by State Farm indicates U.S. drivers have a 1 in 127 chance of colliding with an animal, while the most common time of the year for these types of collisions to occur is during ...
Executives on the Move at The Hartford, WTW, Hamilton
The Hartford and WTW each announced appointments of chief claims officers. Hamilton Insurance appointed a head of investor relations. *** The Hartford appointed Stephen Deane chief claims officer, ...
CSE ‘Runoff’ Prompts Downgrade, Withdrawal of AM Best Ratings
AM Best announced that is has downgraded and withdrawn the financial strength ratings of CSE Insurance Group's Civil Service Employees Insurance Company and CSE Safeguard Insurance Company, ...
Drowsy Driver Can Be Liable for Crash if Condition Foreseeable: Mass. Court
A driver who suffers a sudden medical emergency and crashes into another vehicle may be held liable for the accident even if never diagnosed with the condition or never advised not to drive. If the ...
GEICO Lays Off 6% of Workforce; Will Require More In-Office Time
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6 percent of the workforce. "This will ...
U.S. Severe Convective Storms Drive Record $50B Insured Losses in 2023
Global insured losses from natural disaster events for the first three quarters of this year reached $88 billion, according to Aon's latest Q3 Global Catastrophe Recap report. The figure is 17 ...
Warming Oceans Causing Atlantic Hurricanes to Rapidly Intensify
With warmer oceans serving as fuel, Atlantic hurricanes are now more than twice as likely as before to rapidly intensify from wimpy minor hurricanes to powerful and catastrophic, a study said ...