U.S.
Risky Driving Behavior, Advanced Tech Led to Higher Claim Frequencies in Auto
The auto insurance market is seeing higher claims frequency, in part, due to increasingly risky driving behavior and greater EV adoption which comes with expensive advanced technology, according to ...
As Premiums Decline, Pricing Softens for U.S. D&O Liability Insurance
Better underwriting results in the U.S. directors & officers (D&O) liability line "will likely add downward pressure on rates amid decreased demand in the segment", according to a new AM Best ...
Former OpenAI Chief Scientist to Start New Company Boasting Safer AI
ChatGPT maker OpenAI's co-founder and former chief scientist Ilya Sutskever said on Wednesday that he was starting a new artificial intelligence company. The company is focused on creating a safe AI ...
Survey: Payment Fraud a Growing Concern for Businesses
Small businesses are increasingly concerned about payment fraud. That's according to a small business survey from regional bank KeyBank. Nearly 2,000 small-to-medium size business with annual revenue ...
Florida Citizens Board Votes to Raise Rates 14%, But Litigation Costs Dropping
The board of governors for Florida's state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14 percent statewide – near the ...
Rearview Camera Issue Prompts Stellantis Recall of 1.16M Vehicles
Chrysler parent Stellantis is recalling 1.16 million vehicles in North America over a problem with software that is preventing rear view cameras from displaying, raising the risk of a crash, the ...
100 Days of Summer Dangerous Time for Teen Drivers: AAA
Memorial Day marks the period known as the "100 Deadliest Days for Teen Drivers," a time when there is an increase in the number of fatal crashes involving teen drivers. "The risk gets higher during ...
Study: Large Wildfires Create Conditions Favorable to More Fires
Soot from large wildfires in California traps sunlight, creating warmer and drier conditions, a new U.C. Riverside (UCR) study revealed. UCR doctoral candidate James Gomez wanted to see how wildfires ...