News
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing ...
What AI Does Well, and Not So Well, With Language
The tech industry's latest artificial intelligence constructs can be pretty convincing if you ask them what it feels like to be a sentient computer, or maybe just a dinosaur or squirrel. But they're ...
NEXT, Thimble Latest InsurTechs to Announce Layoffs This Year
NEXT Insurance and Thimble are the latest InsurTechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both InsurTechs pointing to an increased focus ...
The Latest Launches from Zurich Resilience Solutions, Foxquilt, Mercury Insurance
Zurich Resilience Solutions in North America is offering customers a service that can help them combat toxic work cultures and improve employee retention. Collaborating with Work Shield, a misconduct ...
MLB Agrees to Pay $185 Million to Settle Minor League Wage Suit
Major League Baseball agreed to pay $185 million as part of a settlement with minor league ballplayers who say the league exploits them, knowing they will play for peanuts for a chance to make it to ...
RLI, GEICO Rank Among Ward’s Top 50 For 32 Years
Property/casualty insurers started to broadcast the fact that they ranked on the list of Ward's 50 top-performing insurance companies for 2022 last week, but only two were named for 32 straight ...
Wildfires in Europe: ‘Climate Change Affects Everyone’
Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists ...
Progressive Corp. Records Second-Quarter Loss
Progressive Corp. said Friday it recorded a loss of about $543 million for the second quarter 2022 and a loss of $436.7 million in June. To date, Progressive is in the red with a bottom-line net loss ...