U.S.
Catalytic Theft Claims Triple in Two Years, Crime Bureau Report Finds
Insurance claims for catalytic converter thefts nationwide jumped by 288 percent in just two years, the National Insurance Crime Bureau said in a new report. Claims rose from 16,660 in 2020 to 64,701 ...
NCCI: Workers Comp Premiums Dipped in ’22, What’s in Store for ’23
Last year was anything but normal when it came to rate filings, according to the National Council on Compensation Insurance (NCCI). During its annual State of the Line report, the organization ...
Insurers Need to Enhance Human Interaction, Digital Options to Drive Consumer Satisfaction
A new survey highlights the demand for humanized insurance purchasing, increased digital purchasing and payment options and improved communication throughout the policy term. The 2023 Global Consumer ...
Despite Security Fix Hyundai and Kia Thefts Keep Rising
Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social ...
Altria Agrees to $235M Settlement to Resolve Juul-Related Cases
Altria Group Inc. said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk Solutions says in a new report. The ...
Workers Comp Market Sees Continued Growth: NCCI
Private carrier workers compensation premium continues to climb, according to an annual State of the Line Report released during NCCI's Annual Insights Symposium (AIS) 2023 on May 9 in Orlando, Fla. ...
Gallagher Re: US Leads InsurTech Investments, Funding Continues Healthy Climb
InsurTech funding increased nearly 38 percent from Q4 2022 to Q1 2023, from $1.01 billion to $1.39 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as ...