News
Despite Security Fix Hyundai and Kia Thefts Keep Rising
Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social ...
Facebook Fails in Bid to Get Cambridge Analytica Lawsuit Tossed
A judge ruled Facebook founder Mark Zuckerberg and other former directors of the social-media company must face claims they turned a blind eye to rampant privacy violations, including allowing a firm ...
Altria Agrees to $235M Settlement to Resolve Juul-Related Cases
Altria Group Inc. said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul ...
Executives on the Move at Chubb, QBE, Amwins, Ambac
Chubb appointed Mark Homan as division president, International Property and Casualty, for Overseas General Insurance, the company's international general insurance operations. In his new role, which ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk Solutions says in a new report. The ...
AI, Ransomware, Tech Burnout Biggest Takeaways From RIMS’ Riskworld
The 2023 RIMS' Riskworld conference took place last week in Atlanta, and on the latest episode of The Insuring Cyber Podcast, two guests shared the biggest takeaways from the conference this ...
Insurer vs. Broker: Court Rules Against WTW in D&O ‘Bump-Up’ Dispute
A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related ...
Workers Comp Market Sees Continued Growth: NCCI
Private carrier workers compensation premium continues to climb, according to an annual State of the Line Report released during NCCI's Annual Insights Symposium (AIS) 2023 on May 9 in Orlando, Fla. ...