News
IIHS: Rear Passengers in Small Cars at Higher Risk of Internal Injuries
A new crash test, conducted by the Insurance Institute for Highway Safety (IIHS), revealed poor ratings for all small cars tested. In all five vehicles tested, the rear dummy submarined beneath the ...
White House to Study AI Risks, Impact on Workers
The White House said on Tuesday it would ask workers how their employers use artificial intelligence (AI) to monitor them, as it allocates federal investments in the technology, which is expected to ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Florida Courts Flooded With Suits Before Tort-Reform Bill Signed
Just as the plaintiffs' law firm of Morgan & Morgan warned, the number of Florida lawsuits filed across the state has shattered previous records, topping 280,122 in April, the Florida Bar ...
Majority of Americans See Liability Insurance as the Answer to Gun Control
Could insurers be the answer to gun control? A new survey says yes. A ValuePenguin survey of nearly 2,000 Americans found that 75 percent believe gun owners should be required to purchase liability ...
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group
Swiss Re is quitting the world's main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry's biggest companies. The world's second-largest reinsurer is ...
El Niño’s Impact: Trillions in Global Economic Loss
When El Niño strikes, the band of warm ocean water spanning from South America to Asia triggers global weather changes, resulting in damaging floods, crop-killing droughts, plummeting fish ...
Automakers Settle Class Action Suit Related to Rise in Auto Thefts
Hyundai Motor America and Kia America said Friday they have reached a settlement to resolve a class action lawsuit prompted by a surge in vehicle thefts. The settlement could be valued at $200 ...
Fitch Downgrades Allstate’s IFS Ratings to ‘A’
Citing declines in statutory capital and poor underwriting results in personal auto, Fitch Ratings has downgraded the financial strength ratings of Allstate P/C insurance subsidiaries to "A" (Strong) ...