U.S.
Vortex Insurance Offers Supplemental Hurricane Coverage for Businesses
Vortex Insurance launched a new insurance program giving businesses the ability to purchase supplemental hurricane insurance for areas of the U.S. threatened by hurricanes. Unlike traditional ...
Fitch: U.S. Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
With ample capital, Fitch Ratings' latest annual 'U.S. Hurricane Season' report indicates U.S. property and casualty (P/C) insurers and reinsurers can absorb losses if a large hurricane makes ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
U.S., Other Nations Name ‘Lockbit’ Digital Gang Top Ransomware Threat
The United States and six other countries identified the digital extortion gang operating under the "Lockbit" banner as the world's top ransomware threat. In a joint advisory issued last week, U.S., ...
Rising Rent Pushes Eviction Filings 50% Higher Than Pre-Pandemic Average
Entering court using a walker, a doctor's note clutched in his hand, 70-year-old Dana Williams, who suffers serious heart problems, hypertension and asthma, pleaded to delay eviction from his ...
Consumers Choose Automated Safety Over Self-Driving Technology
Car buyers seek advanced driver assistance systems (ADAS) to enhance driver safety when purchasing new cars, with the expectation the system will be standard in new luxury and mainstream vehicles. ...
IIHS: Subaru Bicycle Detection Tech Shows Promise
Subaru's EyeSight crash avoidance system reduced crashes with bicyclists traveling parallel to the road but was only modestly successful in reducing crashes with bicycles overall, a new study from ...
Wind, Hail Contribute to Allstate’s May Cat Losses Estimated at $893M
Allstate reported estimated catastrophe losses for the month of May at $885 million, or $699 million after tax. May month catastrophe losses include 12 events estimated at $893 million, with ...
Farmers Halts Homeowners Policies in Florida
Farmers Insurance confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season is getting underway. The insurer cited rising costs as the reason. "With ...