WCRI: Inflation Not a Big Deal for Workers’ Comp, Yet August 4, 2023 By Jim Sams While fast-rising prices in the past year drove up claim costs for auto and property insurers, inflation has been a...
Forecasters Stress Uncertainty in Latest Hurricane Forecast August 4, 2023 By Erwin Seba Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season,...
Teva Agrees to Pay $126M to US Hospitals Over Opioids August 4, 2023 By Brendan Pierson Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle...
Report: 244M in U.S. Felt at Least One July Day with Temps Likely Due to Climate Change August 3, 2023 By Don Jergler Eight-in-10 people around the globe in July were exposed to one day or more of heat made at least three...
Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book August 3, 2023 Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss...
Hyundai, Kia Recall 91,000 Vehicles Over Fire Risks, Urge Owners to Park Outside August 3, 2023 By David Shepardson Hyundai Motor and Kia said Thursday they are recalling more than 91,000 newer vehicles in the United States because of...
GM Recalls Nearly 900 Vehicles With Takata Air Bag Inflators August 3, 2023 By Tom Krisher General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode...
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model August 3, 2023 By Chad Hemenway Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was...
People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO August 3, 2023 Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client...
Report: Auto Insurance Premiums Rise 17% in H1 of 2023 August 3, 2023 Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent...