Risk
Tesla Rear-Ends Parked Cop Car While Operating on Autopilot
Another Tesla Inc. vehicle operating on the carmaker's driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of ...
Neptune Flood’s Growth Plans Leave Chairman, CEO Swapping Titles
Neptune Flood's two top leaders are switching their positions, a move designed to help prepare the InsurTech startup for its next phase of growth. Founder and CEO Jim Albert will become chairman, and ...
China Increases Likelihood It Will Retain Control of Financial Institutions
China's finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to ...
Record Venice Floods Top November Catastrophe Losses
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon's latest edition of its monthly Global ...
Digital Platform Operator Wefox Raised $235M This Year for Global Expansion
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to ...
Longtime EMC Insurance Leader Kelley Plans to Retire in March 2020
Bruce Kelley, EMC Insurance's longtime president and CEO, and a great-grandson of its founder, plans to retire in March 2020. "I have been honored to lead the company that was founded by my great ...
Beazley Goes After Life Sciences Startups With New, Targeted Liability Cover
Specialist insurer Beazley now sells life sciences liability coverage specifically designed for small businesses and startups in the sector. "As the life sciences sector continues to expand at a ...
U.S. Commercial Lines Market Has Stable Outlook for 2020: A.M. Best
The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite "improved market conditions and solid levels of risk-adjusted ...