U.S.
P/C Sector Responsible for Layoffs of Nearly 7,000 in 2023
U.S. property/casualty insurance carriers led layoffs in the insurance industry last year, according to S&P Global Market Intelligence analysis. Nearly 20 companies reduced staff in 2023, said ...
Odometer Fraud Up in the U.S.
Odometer rollbacks are on the rise nationwide. The number of vehicles with suspect odometers tops 2 million, according to the latest CARFAX data. Roughly 2.1 million vehicles on the road have had ...
U.S. Property Reinsurance Rates Rose Nearly 50% for Some on Jan 1
U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
New York Wrongful Death Bill Adding Damages for Emotional Suffering Vetoed
New York Gov. Kathy Hochul has again vetoed legislation that would have changed the state's wrongful death statute by letting families recover damages for emotional suffering from the death of a ...
Hallmark Financial to Voluntarily Delist From Nasdaq
Property/casualty insurer Hallmark Financial Services said it has voluntarily delisted from Nasdaq after failing to meet requirements to remain on the stock exchange. Hallmark on Dec. 26 provided ...
New Year’s Day Road Deaths Expected to Decline This Year
An estimated 375 people could die on U.S. roads this New Year's Day holiday period, according to analysis by the National Safety Council (NSC). This number is down 8 percent from the 408 deaths ...
Analysis: Strong El Niño Could Equate to More Floods This Winter
A recent analysis by NASA's sea level change science team finds that if a strong El Nino develops this winter, coastal cities along the western U.S. seaboard could see an increase in the frequency of ...
FDA Wants More Power to Recall Drugs, Require Inspections of Eyedrop Makers
When you buy eyedrops at a U.S. store, you might assume you're getting a product made in a clean, well-maintained factory that's passed muster with health regulators. But repeated recalls involving ...