New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market June 21, 2024 By Jahna Jacobson High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best June 21, 2024 The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a...
Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits June 20, 2024 By Brendan Pierson A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac...
Allstate Reports May Pretax Catastrophe Losses of $1.4B June 20, 2024 By Chad Hemenway Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events...
Excessive Heat An Increasing Concern in Workers Comp: WCRI June 20, 2024 By Allen Laman With temperatures pushing above 90 degrees in parts of the Midwest and Northeast United States this week, many American workers...
Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb June 20, 2024 By Chad Hemenway An annual report from Chubb has revealed a couple of troubling trends for many businesses—the frequency and severity of large...
Survey: Most Homeowners Believe Their Policy Covers Flood June 20, 2024 Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a...
Car Dealerships Across US Halt Services After Cyberattack June 20, 2024 By Craig Trudell and Jake Bleiberg Thousands of car dealerships were ground to a halt during a normally busy holiday Wednesday by a cyber incident at...
Supreme Court Backs Starbucks Over Fired Pro-Union Workers June 19, 2024 By Andrew Chung The U.S. Supreme Court sided with Starbucks in the coffee chain’s challenge to a judicial order to rehire seven Memphis...
Philip Morris Halts Zyn’s Online Sales in US After Subpoena June 19, 2024 By Andy Hoffman Philip Morris International Inc. stopped online sales of its popular nicotine pouch brand Zyn in the US after receiving a...