U.S.
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 ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
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 ...
Charging Cable Thefts Pose Obstacle to Greater EV Acceptance
Just before 2 a.m. on a chilly April night in Seattle, Wash., a Chevrolet Silverado pickup stopped at an electric vehicle charging station on the edge of a shopping center parking lot. Two men, one ...