A new paper from APCIA shows inflation having a significant impact on auto insurance loss ratios, which have risen to their second-highest level in more than 20 years, reaching 78.4 percent in the second quarter of 2022. In the meantime, driving behaviors continue to deteriorate.
Author: Annie George
Study Finds Significant Correlation Between Cybersecurity Ratings and Incidents
Study shows deficiencies in cybersecurity performance increase an organization’s risk of experiencing a cybersecurity incident, whereas strong performance implies a lower risk of an incident occurring.
Optis: Insurance Agency M&As YTD Record Second-Highest Total
According to OPTIS Partners’ M&A database, there were 627 announced insurance agency mergers and acquisitions during the first three quarters of 2022, down from 668 in 2021. It was the second-highest total ever recorded for this nine-month period. The data includes agencies in the United States and Canada that sell property and casualty insurance, as… Continue reading Optis: Insurance Agency M&As YTD Record Second-Highest Total
Cybersecurity Top Investment Priority in 2023 for CIOs
Chief information officers have stated that cybersecurity will be their top investment priority in 2023, demonstrating how businesses are racing to manage the business risk posed by escalating threats. Companies are facing an increase in cyberattacks, such as the 2021 Colonial Pipeline ransomware attack, which impacted fuel distribution in the eastern United States. This month,… Continue reading Cybersecurity Top Investment Priority in 2023 for CIOs
Woman Sues L’Oreal Claiming Hair-Straightening Product Caused Cancer
A Missouri woman has sued L’Oreal SA, alleging that she developed uterine cancer as a result of using the French cosmetic company’s hair-straightening products. The lawsuit was filed in federal court in Chicago on Friday, just days after the National Institute of Environmental Health Safety (NIEHS) released a study that found hair-straightening products may significantly… Continue reading Woman Sues L’Oreal Claiming Hair-Straightening Product Caused Cancer
Proposed Legislation for Pickup Trucks, SUVs Highlights Dangerous Front Blind Zones
According to Consumer Reports, the ever-popular pickup trucks and large SUVs have grown in size over the last few decades. And their growing size has created a major issue: a large blind zone in front of the grille where children and other pedestrians are invisible to the driver. The STOP Frontovers Act, introducedby Senator Richard… Continue reading Proposed Legislation for Pickup Trucks, SUVs Highlights Dangerous Front Blind Zones
Companies Aren’t Sharing Climate Goals to Avert ‘Greenwashing’
Companies are increasingly attempting to shield their climate commitments from public scrutiny. According to a survey conducted by South Pole, a climate consultancy and carbon offsets developer, the phenomenon known as green hushing has become pervasive even as businesses set more ambitious internal targets. South Pole polled 1,200 large companies from 12 countries, all of… Continue reading Companies Aren’t Sharing Climate Goals to Avert ‘Greenwashing’
FEMA Support for Hurricane Ian Recovery at $1.27 Billion So Far
More than $1.27 billion in federal grants, disaster loans, and flood insurance payments have been made to the state of Florida and individuals to assist survivors in resuming their lives following Hurricane Ian. For emergency response, FEMA has provided $595 million to households and $322 million to the state, while the US Small Business Administration… Continue reading FEMA Support for Hurricane Ian Recovery at $1.27 Billion So Far
Climate Change, War-Related Risks Top Insurers’ Concerns
Climate change remains the top concern for insurance companies, even as Russia’s invasion of Ukraine fuels geopolitical and energy-related concerns. For the second year in a row, global warming is regarded as the greatest threat to society in the next five to ten years, according to a report released Sunday by French insurance giant AXA… Continue reading Climate Change, War-Related Risks Top Insurers’ Concerns
FL Gov DeSantis Announces Support for Ian-Impacted Homeowners Insurance Deductibles
Governor Ron DeSantis announced that the Florida Housing Finance Corporation (Florida Housing) will award $5 million to local housing partners to assist Floridians impacted by Hurricane Ian in the six hardest hit counties in paying their home insurance deductibles. Individuals, families, and seniors living in Charlotte, Collier, DeSoto, Hardee, Lee, and Sarasota counties who apply… Continue reading FL Gov DeSantis Announces Support for Ian-Impacted Homeowners Insurance Deductibles