News
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance
Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report published ...
Reinsurers in Growth Mode Brought Capacity, Flexibility to 1/1 Renewals
Reinsurance buyers generally found ample capacity during the January renewals, reinsurance brokers Aon, Gallagher Re and Howden confirmed in their renewal reports. Increased reinsurer appetites meant ...
Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe
Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have ...
Large Floods Linked to Higher Death Rates From Multiple Causes: Study
Over the last 20 years, large floods were associated with up to 24.9 percent higher death rates from major mortality causes in the U.S. compared to normal conditions, a new study, published in the ...
U.S. Opens Probe of 2.6M Million Teslas Over Remote Driving Feature
The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in the United States over reports of crashes involving a feature that allows ...
Verisk Announces Wildfire Cat Model Under Review by CDI
Global analytics tech provider Verisk announced it has requested a review of its wildfire catastrophe model by the California Department of Insurance (CDI). This follows California Insurance ...
What to Know About the Meta Glasses Worn by the New Orleans Attacker
The man who drove a truck into a crowd of people in New Orleans on New Year's Day, killing 14, had previously scouted the French Quarter and recorded video with his Meta smart glasses, the FBI said. ...
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. ...