Risk
Suit Alleges Tesla Overstated Autopilot Safety
Tesla Inc. was accused in a lawsuit of misleading consumers into believing that the Autopilot system on its cars can safely transport passengers at highway speeds. A Model S driver who was injured in ...
Global Insurance M&A Activity Rose in H1 2018, Fueled By Mega Deals
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a ...
PCI Panel: Carriers Should Encourage Flood Insurance Even Outside of a Hazard Zone
It might be time for carriers and agents to encourage their clients to buy coverage even if they're not living and working inside a flood zone. Such an action is long overdue, according to insurance ...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pac Region
The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said yesterday, announcing a list of 10 "1-in-100-year" events possible in the vast area that includes the Pacific Ring of ...
More Tornadoes Spinning Eastward to Populated Areas, Worrying Scientists
Over the past few decades tornadoes have been shifting—decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a new study shows. ...
Catastrophes Give Insurers a Chance to Show Their Humanity, Says W.R. Berkley’s CEO
The aftermath of Hurricane Michael and other catastrophes this fall gives insurers a chance to show that they care about more than just numbers, W.R. Berkley's president and CEO said. "Hopefully this ...
The Hartford Boosted Q3 Profit With Lower Taxes, Higher Premiums and Acquisition Bounty
The Hartford booked significantly higher net income during its 2018 third quarter, thanks largely to higher returns in several lines and lower taxes. Third quarter 2018 net profit came in at $427 ...
American Family/Main Street America Merger Finalizes on Oct. 31
Policyholder members at Madison, Wisconsin-based American Family Insurance Mutual Holding Co. have approved the company's merger with Florida's Main Street America Group Mutual Holdings Inc. More ...