News
Kemper Exits Preferred Home and Auto Business
As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will "actively reduce ...
Cargo Theft Increases 57% in Q2 2023 Versus Same Period Last Year
There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57 percent increase when compared to the second quarter of 2022, according to the ...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
According to IBM's Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3 percent increase from 2022 and up 15.3 percent ...
Hospitals, Clinics in Several States Begin Recovery After Cyber Attacks
Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyber attack that disrupted their computer systems, forcing some emergency rooms to shut down ...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023
The overall property/casualty (P&C) industry is expected to finish 2023, mirroring 2022 results, with a net combined ratio at 102.2, according to findings shared during a members only virtual ...
Atmospheric Rivers Impact California Wildfire Risks: Report
The heavy precipitation seen earlier this year in California highlighted a meteorological event known as an atmospheric river (AR) — described as long, narrow corridors of water vapor that with the ...
U.S. Regulators Cite Amazon Again Over Worker Safety
The U.S. workplace safety regulator said Amazon.com Inc. has subjected workers at yet another of its sprawling warehouses to hazardous conditions by imposing onerous production quotas and failing to ...
NICB: Motorcycle Thefts Continue to Rise
Motorcycle thefts increased 7 percent from 2021 to 2022, marking the third year they have been on the rise, according to the National Insurance Crime Bureau's (NICB) 2022 Vehicle Type Theft Report. ...