News
Fitch: U.S. Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
With ample capital, Fitch Ratings' latest annual 'U.S. Hurricane Season' report indicates U.S. property and casualty (P/C) insurers and reinsurers can absorb losses if a large hurricane makes ...
U.S., Other Nations Name ‘Lockbit’ Digital Gang Top Ransomware Threat
The United States and six other countries identified the digital extortion gang operating under the "Lockbit" banner as the world's top ransomware threat. In a joint advisory issued last week, U.S., ...
Rising Rent Pushes Eviction Filings 50% Higher Than Pre-Pandemic Average
Entering court using a walker, a doctor's note clutched in his hand, 70-year-old Dana Williams, who suffers serious heart problems, hypertension and asthma, pleaded to delay eviction from his ...
Reinsurance Execs Take on Extreme Challenge
Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii as part of the "World's Toughest Row – Pacific." It's all for charity—and, of course, for ...
Consumers Choose Automated Safety Over Self-Driving Technology
Car buyers seek advanced driver assistance systems (ADAS) to enhance driver safety when purchasing new cars, with the expectation the system will be standard in new luxury and mainstream vehicles. ...
IIHS: Subaru Bicycle Detection Tech Shows Promise
Subaru's EyeSight crash avoidance system reduced crashes with bicyclists traveling parallel to the road but was only modestly successful in reducing crashes with bicycles overall, a new study from ...
Wind, Hail Contribute to Allstate’s May Cat Losses Estimated at $893M
Allstate reported estimated catastrophe losses for the month of May at $885 million, or $699 million after tax. May month catastrophe losses include 12 events estimated at $893 million, with ...
Bill Cosby Sex Assault Accusers Seek to Expand Statute of Limitations
A group of women who accused Bill Cosby of sexual assault and were dismayed when he had his conviction overturned and left prison are trying again to seek justice in the courts, by urging states to ...