News
Employee Retention Top Operational Goal for Businesses: Study
More than half of U.S. employers (51 percent) reported a turnover rate of at least 15 percent in 2022, up three points from 48 percent in 2021, according to Gallagher's 2023 U.S. Organizational ...
Auto Insurance Premiums Rise 17 Percent in H1 of 2023: Report
Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify's Q3 2023 Mid-Year Auto Insurance Trends ...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B
Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other ...
Developers Working to Determine if AI Chatbot Falsehoods Are Fixable
Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn't take long for them to spout falsehoods. Described as hallucination, confabulation or just plain making things ...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Natural disasters during the first half of 2023 cost insurers an estimated $43 billion with an overall economic price tag of $110 billion, according to Munich Re. These insured losses were slightly ...
Tech Bytes: New Partnerships at ZestyAI, Ascend
ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence, announced an agreement with Coterie Insurance, a partnership-focused managing general agent, ...
Fitch: Financial Performance Influenced by P&C Company Ownership Structures
Balance sheet risks and financial performance vary depending upon property and casualty insurers' ownership structure, according to a special report by Fitch Ratings. Material differences in ...
J&J Fails Again in Effort to Resolve Talc Lawsuits in Bankruptcy
A U.S. judge on Friday shot down Johnson & Johnson's second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement ...