News
U.S Expected to Issue New Rule to Protect Against Wildfires
The Biden administration has identified more than 175,000 square miles (453,000 square kilometers) of old growth and mature forests on U.S. government land and plans to craft a new rule to better ...
U.S. Jury to Decide Test Case in Tesla Autopilot Crash
A California state court jury began deliberating on Thursday in what appears to be the first trial related to a crash involving Tesla's Autopilot partially automated driving software. The verdict ...
Different Works: RLI Posts Sub-80 First-Quarter Combined Ratio—Again
As property/casualty insurers preannounce catastrophe loss estimates that will dent first-quarter 2023 bottom lines almost daily, RLI Corp. reported a 68 property combined ratio with a 50 percent ...
INSHUR Acquires American Business Insurance Services, Secures $26M in Funding
INSHUR, a global on-demand insurance provider, has made a strategic acquisition of American Business Insurance Services in order to expand and scale its operations across the U.S. The company also ...
Allstate Estimates $1.7B of Q1 Cat Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were ...
How AI Chatbots Can Expose Corporate Secrets
Companies using generative artificial intelligence tools like ChatGPT could be putting confidential customer information and trade secrets at risk, according to a report from Team8, an Israel-based ...
Betterview Launches AI Roof Technology to Enhance U/W Decisions
California-based insurtech and property intelligence company, Betterview, announced new technology that uses artificial intelligence (AI) and computer vision to analyze high resolution aerial imagery ...
Desjardins Avidly Searching for P/C Acquisitions
Canada's Desjardins Group is seeking acquisitions in the property and casualty (P&C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters this week. ...