News
Barring Change, Allstate May Exit California Property Market Completely
The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air ...
Study: Up to 20% of Our Time Wasted on Computer Problems
Though computers have evolved rapidly, users waste up to 20 percent of their time dealing with computer issues, according to a new study released by the University of Copenhagen - Faculty of Science ...
Slice E&S Small Business Insurance Offered in 9 More States
Slice Labs Inc., a technology company catering to small businesses with an on-demand insurance platform specializing in non-admitted lines, announced the expansion of its excess & surplus ...
U.S. House Panel Considers Reviving Self-Driving Car Regulation
U.S. lawmakers will look to jump start long-stalled legislation on the safe and regulated adoption of self-driving cars at a congressional hearing on July 26. The panel will consider separate draft ...
Tech Companies Agree to AI Safeguards Set by the White House
President Joe Biden said Friday that new commitments by Amazon, Google, Meta, Microsoft and other companies that are leading the development of artificial intelligence technology to meet a set of AI ...
Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information ...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet ...
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...