U.S.
Full-Size Pickups Have Highest Theft Rate: NICB
Vehicle thefts rose 7 percent last year, according to newly released analysis by the National Insurance Crime Bureau (NICB). The majority of the thefts were of full-size pickups, which made up more ...
Munich Re: Turkey Quake Contributed to $43B in H1 2023 Insurance Losses
A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in ...
‘Rolling Recession’ or ‘Richcession’ May Spare U.S. From a Full Economic Downturn
Despite more than a year of widespread warnings that a recession was near, America's economy is, if anything, accelerating. Even as the Federal Reserve has sent borrowing costs sharply higher, the ...
Delaware vs. IRS: Fight Over Captive Insurers’ Data Privacy Headed to Supreme Court
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service over the release of information on captive insurers. This fight has placed Delaware's state ...
Study: Motor Vehicle Thefts Soar in First Half of 2023
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. ...
AM Best: Insurer Portfolio Diversification Hindered by Convective Storms
The growing frequency and severity of convective storms in southern U.S. states is increasingly hampering the ability of insurer and reinsurers to effectively diversify their portfolios, a new AM ...
Crash Reduction Aim of Toyota’s Collaborative Safety Research Center’s New Projects
Three new projects directed at advancing safety in mobility technologies were announced by Toyota's Collaborative Safety Research Center (CSRC).
Automation, Analytics Behind Proactive Approach to Insurers Facing Hurricane Losses
A new report by Insurity, a cloud-based software provider for insurance carriers, brokers and MGAs, highlights the best practices insurance organizations can implement to move away from a reactive ...