FM Global, a global business property insurer, posted an improved combined ratio of 83.2 percent in 2016—compared to 85.3 percent a year earlier—which was a market-leading result for the fourth consecutive year. Total gross premium in force increased to $5.43 …
Federal investigators got their first look Thursday at the scene of a head-on collision involving a small church bus and a pickup truck that killed 13 senior adult church members onboard the bus. The Texas Department of Public Safety reported …
Not only are liability losses increasing but they are getting more expensive, particularly in relation to global product recalls, corporate liability, cyber and environmental incidents, according to a new report by Allianz Global Corporate & Specialty (AGCS). Global Claims Review: …
Grease and sewage from a nearby Waffle House caused thousands of dollars in damage when it seeped onto an Alabama man’s property, he said in a lawsuit. Mack Crook Jr. of Anniston is seeking $800,000 from Norcross, Georgia-based Waffle House …
Inadequate highway markings caused a fatal Greyhound bus crash in California last year that killed two people and injured 13 others, including the driver, federal officials said Tuesday. The National Transportation Safety Board report said that the lack of reflective …
Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. The company had also grounded self-driving cars in San Francisco over the weekend but they resumed operating …
A medical helicopter crash in Colorado that killed the pilot and seriously injured two passengers was preventable, federal investigators said Tuesday. The National Transportation Safety Board determined that the July 3, 2015, crash in Frisco stemmed from a pre-flight check …
Ford is recalling more than 570,000 vehicles in North America and Europe to fix separate problems that can cause engine fires and doors to fly open unexpectedly. The recalls will hit the company’s bottom line in the first quarter of …
It took Jaclyn Bentley nearly three years to prove she didn’t burn her house down for the insurance money, allegations she and her lawyer say were born of the junk practice of analyzing cellphone tower data. She was camping with …
Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture shows. The research, which includes new analysis of CB Insights data on 450 …