Insurance news

Yesterday, the U.S. Bureau of Labor Statistics announced that the Consumer Price Index (CPI) rose by 0.2 percent in July, following a decrease of 0.1 percent in June. In the past year, the overall index for all items has gone up by 2.9 percent. The...

Farmers Group is reducing its staff again, just a year after it let go of 11% of its employees, which amounted to 2,400 individuals. This time, the insurance company has stated that it will not reveal the number of employees at risk of job loss....

The issue is that his longtime insurance company, Acuity, has informed his agent that it no longer wishes to insure factories like his that work with molten metal. As a result, they will have to obtain coverage from several more expensive alternative insurers. "It's chaos...

Life insurers paid out a record $100 billion to life insurance policy beneficiaries in 2021. This amount is up 10.8% from 2020, which was also a record-setting year. record as payments increased 15.4% year-on-year, the highest year-on-year. year increase in a century. The American Council...

Auto insurance premiums have fallen in states that have legalized medical marijuana, a study published in the journal Health Economics shows. Legal marijuana is often portrayed as negative when it comes to auto safety, but authors Cameron Ellis, Martin Grace, Rhet Smith, and Juan Zhang...

More than a million vehicles were stolen in the United States last year, according to a new analysis by the National Insurance Crime Bureau — marking a 7% increase from 2021. Total monthly thefts nationwide country consistently exceeds 75,000 by 2022. The total estimated value...

Exxon Mobil Corp. was sued by a US federal agency for racial discrimination on Thursday, alleging that the oil group failed to protect workers from harassment after a noose was discovered at one of its facilities. theirs by 2020. The U.S. Equal Employment Opportunity Commission...

In a major breach of the US Marshals Service's computer systems this month with ransomware, hackers stole sensitive and personally identifiable data about agency employees and targets. the investigation, an agency spokesman said Tuesday. The hacked system was disconnected from the network shortly after the...

Ford Motor Co. said it is recalling 98,500 older Ranger pickup trucks in the United States because the replacement front passenger airbag inflator may have been improperly installed. The new recall covers 2004-2006 Ranger vehicles that were recalled in 2017 and 2018 to replace a...

Harford Mutual Insurance Group, a commercial P/C insurer, has announced plans to merge with ClearPath Mutual Insurance Company, an exclusive employment insurer. Steve Linkous, president and chief executive officer of Harford Mutual Insurance Group (HMIG), said: “We are constantly looking for opportunities that complement our...

Jeremy Gittler, practice leader and head of Cyber ​​Americas at AXA XL, sees the cyber insurance industry as a roller coaster. He said that after a tumultuous few years with the advent of more sophisticated ransomware, the market is slowly recovering, but that doesn't mean...

McDonald's Corp.'s board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when the restaurant chain fired him for having an affair with an employee, a Delaware judge has ruled. decided on Wednesday. Directors acted in good faith...

About a year after working with Root Inc. and a week after helping the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman was fired for violating company policy. According to filings with the U.S. Securities and Exchange Commission, Bateman was "terminated for cause" on...

Anyone who owns a cell phone or uses an email address has received communications from a scammer looking to obtain confidential information or trick recipients into sending money abroad. These efforts have taken on many forms that have evolved and become more sophisticated over time....

The National Football League and three of its teams face complaints by Minnesota Vikings defensive coordinator Brian Flores about racist recruitment practices in public court, a US judge in New York said. York ruled on Wednesday while submitting other aspects of the case to private...