U.S.
NICB: Motorcycle Thefts Continue to Rise
Motorcycle thefts increased 7 percent from 2021 to 2022, marking the third year they have been on the rise, according to the National Insurance Crime Bureau's (NICB) 2022 Vehicle Type Theft Report. ...
Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market
Stakeholders near and far are hailing a record number of takeouts from Citizens' Property Insurance Corp. as a sign that the troubled Florida insurance market is ...
CSU Forecasters Stress Uncertainty in Latest Hurricane Season Update
Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms ...
Congress Deadlocked on New Railroad Safety Rules
Congress responded to the fiery train derailment in eastern Ohio earlier this year with bipartisan alarm, holding a flurry of hearings about the potential for railroad crashes to trigger even larger ...
Progressive Maintains Strong Pricing/Reserving Stance Amid High Auto Costs, Catastrophe Losses
During a Q2 2023 earnings call this week, Progressive Corp. announced their earnings goals fell short of its combined ratio target of 96, as a result of catastrophe losses and increases in vehicle ...
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 ...