News
S&P Downgrades USAA Ratings
S&P Global Ratings announced that it lowered its financial strength and counterparty credit ratings on United Services Automobile Association (USAA) and its core insurance subsidiaries to "AA" ...
Rearview Camera Software Issue Prompts Ford to Recall Nearly 1.1M Vehicles
Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers ...
Overnight Truck Parking Shortage Contributed to Deadly Illinois Greyhound Bus Crash
Overnight parking for long-haul truckers at interstate rest stops is critically short and was a key contributor to a 2023 Greyhound bus crash in Illinois that killed three people, federal regulators ...
Keiretsu No More: What Japan’s Insurance Market Reforms Mean for U.S. Insurers
Long regarded as one of the world's most stable insurance markets, Japan's non-life sector is now experiencing major disruption. Deregulation aimed at unwinding ...
Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report
Demand for political risk insurance is likely to rise by 33 percent due to tariff uncertainty and the instability of the current trading environment, according to Howden's 2025 survey of ...
Travelers Selling Canadian Insurance Businesses Other Than Surety for $2.4B
The Travelers Companies, Inc. announced that it has signed a definitive agreement to sell Travelers Canada's personal insurance business and the majority of its commercial insurance business to ...
NOAA Predicts Above Average 2025 Atlantic Hurricane Season
Forecasters within NOAA's National Weather Service predict above-normal hurricane activity in the Atlantic basin this year. The weather agency's outlook for the 2025 Atlantic hurricane season, which ...
22% Avoid Filing Claims Due to Frustrating Digital Processes: Survey
Poor digital claims experiences are leading some consumers to disengage, according to a survey by cloud-based insurance software provider Insurity. As digital tools become the primary channel for ...