U.S.
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall
FEMA's National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021, but the program faces a potentially significant ...
Employee Retention Top Operational Goal for Businesses: Study
More than half of U.S. employers (51 percent) reported a turnover rate of at least 15 percent in 2022, up three points from 48 percent in 2021, according to Gallagher's 2023 U.S. Organizational ...
Auto Insurance Premiums Rise 17 Percent in H1 of 2023: Report
Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify's Q3 2023 Mid-Year Auto Insurance Trends ...
Fitch: Financial Performance Influenced by P&C Company Ownership Structures
Balance sheet risks and financial performance vary depending upon property and casualty insurers' ownership structure, according to a special report by Fitch Ratings. Material differences in ...
J&J Fails Again in Effort to Resolve Talc Lawsuits in Bankruptcy
A U.S. judge on Friday shot down Johnson & Johnson's second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement ...
Public Companies Must Disclose Data Breaches Within 4 Days Under New SEC Rule
The Securities and Exchange Commission adopted rules Wednesday to require public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines. Delays will be ...
Catastrophe Losses Cause CNA Financial to Miss Q2 Profit Estimates
Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty segment partially offset higher investment income. Profits at insurers ...
Automated System Recommended for Railroad Track Flaws to Prevent Future Derailments
Federal investigators renewed their recommendation that major freight railroads equip every locomotive with the kind of autonomous sensors that could have caught the track flaws that caused a fatal ...
Climate Change Lawsuits More Than Double in Five Years
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for ...