Latest News
By Business Daily | May 14, 2024
The U.S. property/casualty industry experienced its second consecutive year of underwriting losses in 2023, with a net combined ratio of 101.6. Despite an improvement compared to 2022, personal lines remained the primary contributor to unprofitability in 2023. The latest industry underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman anticipate that premium growth will further enhance underwriting results in 2024, forecasting a net combined ratio of 100.2 for the P/C industry.
By Business Daily | May 14, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced that its Global Credit platform will provide a comprehensive financing package to support the growth of Big Bus Tours, the leading global provider of hop-on hop-off sightseeing bus tours. With over 5 million customers annually, Big Bus Tours is the world's largest operator of open-top sightseeing bus tours with operations across Europe, North America, the Middle East and Asia Pacific.
By Business Daily | May 13, 2024
CHICAGO and WASHINGTON, D.C. — The National Basketball Association (NBA), the National Basketball Players Association (NBPA), and the Next Gen Basketball Players Union (NBGPU) have announced a collaboration with GE HealthCare and MedStar Health to conduct a pioneering research study on musculoskeletal and joint health. This longitudinal pilot study aims to quantify the impact of playing, training, and rest over a professional basketball season.
By Business Daily | May 13, 2024
Artificial Intelligence (AI) is transforming enterprises, driving productivity and fostering broad adoption of generative AI. This trend has seen AI adoption across entire enterprises, with employees finding uses for GenAI in every department. In response to this development, Palo Alto Networks is introducing Precision AITM to help customers combat new threats while leveraging efficient security.
By Business Daily | May 13, 2024
The Amazon Echo Buds (2023) are a versatile tool for those who want to take Alexa on the go. These semi-in-ear devices, designed to deliver rich audio and long-lasting battery life, offer premium features and hands-free access to Alexa for an affordable price of $49.99. They provide the convenience of asking Alexa to cue music, make a call, or set a reminder while on the move. Moreover, Echo Buds come with several features that allow users to personalize their experience and enhance productivity.
By Business Daily | May 13, 2024
Verizon Communications Inc. (NYSE, Nasdaq: VZ) has unveiled the preliminary results of the shareholder vote at its annual meeting. The meeting was conducted in a virtual-only format today. In addition to this, Verizon has completed its sixth green bond offering of $1 billion. The company anticipates that the net proceeds will be entirely allocated toward renewable energy investments.
By Business Daily | May 13, 2024
Verizon Public Sector has secured a $100 million contract with the State of Michigan. This announcement comes alongside several other significant developments for the telecommunications giant.
By A. D. Bamburg | May 13, 2024
AAA anticipates that approximately 43.8 million travelers will journey 50 miles or more from home over the Memorial Day holiday period. This year's total number of travelers marks a 4% increase from last year and is close to matching the record set in 2005 with 44 million Memorial Day travelers.
By A. A. Sanchez | May 13, 2024
The economic uncertainty and inflation of recent years continue to impact investors as they plan for retirement. According to a new survey by Nationwide, most investors' 'magic number,' or the specific savings target they believe necessary for retirement, ranges between $1 million and $2 million. However, the feasibility of this goal is under scrutiny.
By Business Daily | May 10, 2024
A collaboration between Google researchers and Harvard neuroscientists has yielded an unprecedented view into the human brain, utilizing artificial intelligence (AI) to make sense of vast amounts of data. The team combined brain imaging with AI-based image processing and analysis to reconstruct nearly every cell and its connections within a small volume of human brain tissue about half the size of a grain of rice.
By Business Daily | May 10, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and representative for America's over 33 million small businesses in President Biden’s Cabinet, announced today a $300,000 funding allocation to three organizations. These funds are intended to deliver the SBA’s Women Veteran Entrepreneurship Training Program (WVETP) to local veterans.
By Business Daily | May 9, 2024
Google DeepMind and Isomorphic Labs have unveiled AlphaFold 3, an AI model that predicts the structure and interactions of various molecules, aiming to revolutionize biological understanding and drug discovery. The model, as described in a paper published in Nature, shows significant improvements in predicting molecular interactions compared to existing methods. AlphaFold 3 extends beyond proteins to a wide range of biomolecules, potentially impacting fields like material development, agriculture, and pharmaceuticals.
By Business Daily | May 9, 2024
There’s been a dramatic leap forward in what’s possible around Precision AI, and security professionals are looking for ways to leverage these advances in meaningful ways. Early instances of copilots within the cybersecurity industry left many practitioners uneasy, as demos and proof of concepts returned erroneous or even offensive responses to standard security-related questions. Relevancy and precision have become the most critical characteristics to the success of GenAI within cybersecurity.
By R. B. Pepalis | May 9, 2024
Steve Dalessandro, a Michigan-based insurance agent, found himself on one of football's biggest stages recently. Dalessandro, who founded Dalessandro Insurance Inc. in 1995, was invited to attend the 2024 NFL Draft weekend in Detroit as a guest of Nationwide, an official sponsor of the National Football League since 2014. As part of that experience, he was offered the chance to announce an official team selection during Round 6.
By Business Daily | May 9, 2024
In today's work environment, employees demand the freedom to be productive from anywhere, using any device, and accessing any application. Homes, coffee shops and mobile phones have become seamless extensions of the corporate network. This unrestricted approach empowers users, but it also increases risk due to a lack of consistent security, control and visibility across devices. Security strategies must catch up, and Palo Alto Networks is once again leading that charge. Prisma SASE 3.0 isn't just an upgrade; it's a quantum leap for SASE (secure access service edge), designed...
By Business Daily | May 9, 2024
Counter AI Attacks with AI Defense
By Business Daily | May 9, 2024
U.S. property/casualty replacement costs are currently rising at a slower rate than overall inflation and this trend is expected to persist for the next two years, according to the Insurance Information Institute’s (Triple-I) latest Insurance Economics Outlook. Despite this slowdown in cost increases, it is unlikely to ease upward pressures on insurance premiums, particularly in light of deteriorating underwriting trends and multi-year replacement cost increases. However, it may provide some short-term relief for carriers before surpassing overall inflation again by 2026.
By Business Daily | May 9, 2024
Samsung Electronics Named No.1 in Global OLED Monitor Market
By K. R. Nelson | May 9, 2024
WASHINGTON, D.C. (May 9, 2024)—In the past week, gas prices have seen a minor decrease, with the national average falling by three cents to $3.64 since last Thursday. This slight dip in prices is attributed to lukewarm domestic demand ahead of Memorial Day and oil costs remaining below $80 a barrel.
By Business Daily | May 9, 2024
LFI Real Estate has announced the grand opening of their ninth Illinois Wild Fork food emporium, the latest location set in Vernon Hills.