U.S.
Survey: Cyber Threats Top Business Concerns for 9th Year in a Row
For the ninth straight year, cyber threats were one of the top three business concerns among the 1,200 participants from small-, medium- and large-sized companies surveyed by Travelers Companies, ...
Farmers, USAA Lead Pack in Hiking Homeowners Rates in 2023: S&P
Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15 percent each to lead all other insurers. According to S&P ...
EV Industry Offers Challenges, Opportunities for Insurers
A new paper by the American Property Casualty Insurance Association (APCIA) finds that the insurance industry is responding to the needs of the transportation sector as the momentum for electric ...
Bogged by Legacy Systems, Insurers Lose Competitive Edge
New research highlights the urgency for insurance companies to shift from complex, costly legacy systems burdened with outdated technology to modern systems to remain competitive in the current ...
Judge Rules Owners Must Use Arbitration in Tesla Autopilot Case
In a victory for Tesla, a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court. The ...
Few Answers During Congressional Probe of Maui’s Wildfire and Electric Provider
Lawmakers probing the cause of last month's deadly Maui wildfire did not get many answers during last week's congressional hearing on the role the electrical grid played in the disaster. The ...
Temporary Fix Keeps National Flood Insurance Operating, But Only Until Nov. 17
Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute deal to temporarily fund the ...
$223.8M Verdict Against J&J in Talc Cancer Case Tossed
A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson in a trial over four plaintiffs' claims that they developed cancer from being exposed to the ...