The annual LexisNexis® Risk Solutions Auto Insurance Trends Report explores how trends in U.S. consumer auto insurance shopping, driving violations, claims frequency and severity, vehicle safety features and more are impacting the auto insurance policy lifecycle from quote to underwriting to claims.
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Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says
Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday.
Hannover Re Q1 Profit Rises, Reinsurance Revenue Edges Down; Confirms FY23 View
German reinsurer Hannover Re reported Thursday that its first-quarter Group net income went up 13 percent to 484 million euros from last year’s 428 million euros.
Midsize Bank Panic to Test Regulators’ Skepticism of Mergers
Bank regulators have been loath to let big lenders buy each other. They might have to reassess and allow more mergers as a way out of the current midsize-bank turmoil.
Beazley 2022 Net Profit Down 48% But Buoyed by Cyber Business
British insurer Beazley Plc said on Thursday that net profit fell 48% in 2022, hurt by investment losses but buoyed by strength in its cyber insurance business.
State Farm Gets Biggest Bump as California Approves More Auto Rate Hikes
State Farm Mutual Automobile Insurance Co. was the biggest beneficiary of California regulators approving more personal auto rate hikes in the first quarter.
Facebook Must Face Privacy Suit Over Cambridge Analytica
A judge ruled Facebook founder Mark Zuckerberg and former directors of the social-media company must face claims they turned a blind eye to rampant privacy violations.
Global Insurtech Funding Rises by 37.6% in Q1 2023: Gallagher Re
According to Gallagher Re’s latest Global InsurTech Report, insurtech funding rebounded strongly in the first quarter of 2023, with global investments reaching $1.39 billion.
Google Says Search Enters New Era With Conversational AI Features
Google unveiled conversational features for its search engine and made its chatbot Bard widely available for English speakers.
CCC and Verisk Form Strategic Partnership to Bring Innovations to P&C Insurance Claims
CCC Intelligent Solutions Inc. and Verisk Analytics, Inc. announced a strategic partnership to leverage the two providers’ market-leading technologies to bring new innovations to P&C insurance claims.