U.S.
Insurance Industry Labor Market Remains Stable: Report
A majority of carriers (86 percent) intend to increase or maintain their staff sizes in the next 12 months, according to Jacobson's Q3 2024 Insurance Labor Market Study. The Bureau of Labor ...
U.S. Inflation Rose Slightly in October
Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their ...
Hurricanes Helene, Milton Pressure NFIP; Expected Loss Ratio 200%
The National Flood Insurance Program (NFIP) is expected to face total losses between $8.2-10.5 billion for 2024, leading to a loss ratio above 200 percent before accounting for loss adjustment ...
Four Arrested for Insurance Fraud in Fake Bear Attack
In an event that could be dubbed stranger than fiction, four California residents were arrested on charges of insurance fraud when they claimed fake bear attacks damaged their Rolls Royce. The ...
GM Recalls Pickups, SUVs Due to Risk of Rear Wheel Lock Up
General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash. The recall in the U.S. covers certain ...
U.S. Safety Agency Investigates Whether Engines in 1.4M Hondas Might Fail
The U.S. government's highway safety agency is investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles. The probe by the National Highway Traffic Safety ...
Deterioration Continues in U.S. Commercial Auto Insurance Segment After $5B Net Loss in 2023
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new Best's Market Segment Report indicates further deterioration in the first half of 2024. Despite ...
FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency's head said Saturday. "This is a ...