News from March 2024
By Business Daily | Mar 14, 2024
ORLANDO, Fla. (Mar. 14, 2024) – AAA's latest survey reveals that a significant portion of U.S. drivers harbor apprehension towards fully self-driving vehicles, with 66% expressing fear and 25% feeling uncertain. This sentiment has remained consistent, indicating a persistent unease within the public despite advancements in autonomous technologies.The survey also highlights a contrasting trend, as interest in advanced driver assistance systems (ADAS) remains robust among consumers. AAA found that a majority of U.S. drivers are keen on features like Reverse Automatic...
By Business Daily | Mar 14, 2024
WASHINGTON, D.C. (March 14, 2024)—The national average for a gallon of gas has been rising leisurely since last week, moving a mere two cents higher to $3.41. However, with the cost of oil crossing the $80 per barrel mark and gas demand popping with warmer temps and better weather, change may be coming to the pump. Another critical factor is the arrival of more expensive summer blend gas, which tends to increase pump prices by 10 to 15 cents."This is the time of year we normally see pump prices start to rise," said Andrew Gross, AAA spokesperson. "And while prices have...
By Business Daily | Mar 14, 2024
State insurance regulators are willing to work with the federal government but continue to maintain that they are best positioned to oversee the industry. The National Association of Insurance Commissioners (NAIC) is prioritizing mitigation to deal with the impacts of a changing climate. Insurers must be ethical and transparent in how they utilize artificial intelligence so as to not perpetuate bias.Connecticut Insurance Commissioner Andrew Mais, in his capacity as both president of the NAIC and a state regulator, discussed various pressing issues including the role of...
By Business Daily | Mar 14, 2024
State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1. The announcement was shared by Chairman and retiring CEO Michael Tipsord, who expressed his confidence in Farney's abilities. Tipsord stated, “Jon and I have worked together for many years. I’ve seen how much he cares about State Farm, how much he cares about the people at State Farm, how he solves problems, and how focused he is on taking care of our customers.”Farney, who joined State...
By Business Daily | Mar 14, 2024
Nationwide has appointed George Williams to lead its Small Market Commercial Lines business. Williams, who previously served as the company's chief operating officer for commercial lines, excess & surplus, and specialty, brings over two decades of industry experience to the role.Russ Johnston, Nationwide's president of Commercial Lines, Excess & Surplus, Specialty, expressed confidence in Williams, stating, "Leading a small commercial platform requires a combination of underwriting, technology, operational excellence and customer focus. George has a proven background in...
By Business Daily | Mar 14, 2024
Mutual of Omaha Insurance Co. has announced its plans to explore the formation of a mutual insurance holding company (MIHC), as confirmed in its 2023 annual statement. The company stated that it is undertaking this exploration to fully understand the structure's requirements and potential consequences, without establishing a specific timeline for the process.The potential MIHC formation would enable Mutual of Omaha to maintain its policyholder ownership structure while enhancing its access to external sources of capital. This move reflects the company's strategic...
By Business Daily | Mar 14, 2024
NEW YORK, March 14, 2024—California’s regulatory restrictions on insurance pricing and underwriting, along with the need for more mitigation efforts, are significantly impacting the insurance industry in the state, as highlighted in the Insurance Information Institute’s (Triple-I) latest Issues Brief.The report, titled Trends and Insights: California’s Risk Crisis, discusses how Proposition 103 and its regulatory implementations are hindering insurers from adapting to the evolving risk landscape in California. Sean Kevelighan, CEO of the Triple-I, emphasized the need for...
By Business Daily | Mar 14, 2024
In light of Pet Prevention Poison Month, Nationwide is urging pet owners to be vigilant about their furry companions' safety. The initiative comes after a family experienced a worrisome incident involving a plant that led to a costly visit to the veterinarian.Nationwide advises pet parents to take preventive measures to avoid such situations. They recommend visiting Nationwide's PetHealthZone for tips on pet safety and what to do if a pet ingests something harmful. Additionally, Nationwide offers its members access to veterinary professionals around the clock through the...
By Meta | Mar 14, 2024
The Gaming industry is among India’s rising sectors growing rapidly on the back of digital technologies.
By Business Daily | Mar 13, 2024
Wells Fargo & Company recently announced an expansion to its Autograph rewards cards with the introduction of the Wells Fargo Autograph Journey Visa card. This new addition is designed for frequent travelers, offering accelerated rewards in popular travel categories.
By Apple | Mar 13, 2024
Suppliers will support new nature-based carbon removal projects alongside Apple, as the fund’s initial phase is underway
By Business Daily | Mar 12, 2024
The Allstate Corp. reported a significant turnaround in its financial performance, with the company marking its first positive pretax net income since Q1'22. In the fourth quarter of 2023, Allstate recorded a net income before taxes of $1.83 billion, a stark improvement from a net loss of $410 million in the same period of 2022. This positive result was driven by rate increases and enhanced property-liability underwriting income and ratios.Analyst Meyer Shields from Keefe, Bruyette & Woods highlighted the effectiveness of the rate increases, stating, "We're still seeing...
By Dylan Boday | Mar 12, 2024
Organizations across the enterprise looking to transform their business models to meet the growing demands of regulatory changes, key stakeholders and environmentally conscious customers aim to prioritize sustainability in their core operations.
By Business Daily | Mar 11, 2024
Businesses are increasingly intrigued by the possibilities offered by Generative AI technology. The potential applications of this innovative technology across various aspects of the value chain have sparked significant interest. However, the decision to integrate Generative AI into business operations requires careful consideration and evaluation.Nationwide’s Chief Innovation and Digital Officer, Chetan Kandhari, sheds light on the crucial factors that companies contemplating the adoption of Generative AI must take into account. Kandhari emphasizes the importance of...
By Abhishek Gupta | Mar 11, 2024
I am pleased to announce the availability of Provisioned IOPS (PIOPS) io2 Block Express storage volumes for all database engines in Amazon Relational Database Service (Amazon RDS).
By Square | Mar 9, 2024
Square for Franchises helps Taziki’s Mediterranean Cafe manage enterprise-level operations for every location from a single dashboard
By Business Daily | Mar 8, 2024
Flying Food Group recently won praise for their catered meals from the toughest audience on Earth: the internet.
By Business Daily | Mar 8, 2024
Nationwide pet insurance members now have access to a new video consultation feature on Nationwide’s VetHelpline®, providing them with face-to-face conversations with veterinary professionals around the clock. This new addition aims to offer a more comprehensive solution to pet owners, as stated by Mariel Devesa, Nationwide Pet’s Head of Growth, Expansion, and Development, who highlighted, "Our new VetHelpline® merges technology with peace of mind for our consumers in one of the most comprehensive solutions in the market today."The VetHelpline® service is exclusive to...
By Business Daily | Mar 8, 2024
Nationwide, a Fortune 100 company and a prominent player in the financial services and insurance sector, has been actively engaged in critical discussions centered around finance services and economics. In recent engagements, Nationwide's thought leaders have shared valuable insights on various platforms.Jim Fowler, Nationwide’s Chief Technology Officer, recently participated in a panel discussion on Nasdaq TV where he discussed the impact of generative AI on customer service. Fowler highlighted how Nationwide has strategically invested in AI over the past decade to...
By Charter Communications | Mar 8, 2024
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