Jury Awards $310M to Parents of Teen Who Fell from Amusement Park Ride December 9, 2024 The parents of a 14-year-old Missouri boy who fell to his death from an Orlando amusement park ride in 2022...
The Rising Insurance Costs of Electric Vehicles: A Specialized Challenge December 9, 2024 By John Dicken Electric vehicles are quickly becoming a mainstay in the automotive industry. However, as their adoption grows, so too does the...
Claims Satisfaction Leaders Reveal Secrets to Success December 6, 2024 By Allen Laman What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and...
After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends November 27, 2024 By Chad Hemenway The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record,...
Starbucks Faces Disruptions Following Ransomware Attack on Software Supplier November 26, 2024 By Anuja Bharat Mistry and Juveria Tabassum Starbucks said the aftermath of a ransomware attack on a software supplier has been affecting its ability to pay baristas...
Allianz Offers 5 Loss Trends to Watch on the Liability Front November 26, 2024 By Jahna Jacobson As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and...
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’ November 25, 2024 By Chad Hemenway Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to...
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening November 25, 2024 By L.S. Howard Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk...
Alert: Cargo Theft Risks Spike During Thanksgiving Holiday November 22, 2024 Cargo theft tends to pick up over the Thanksgiving period, an analysis warns. According to a supply chain analysis by...
US Charges Five in ‘Scattered Spider’ Hacking Scheme November 21, 2024 By Jonathan Stempel and AJ Vicens U.S. prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a loose-knit community of hackers suspected...