Risk
Self-Driving Trucks May Arrive Before Taxis: Waymo CEO Prediction
Alphabet Inc.'s driverless vehicle technology may come to market first in trucks, rather than as an autonomous ride-sharing service. John Krafcik, chief executive officer of Alphabet's Waymo ...
Munich Re Warns Harvey, Irma Storms Could Erase Q3 Profit, Challenge 2017 Target
Munich Re, the world's largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company's ability to meet its full-year earnings ...
Travelers’ Hurricane Harvey Pretax Losses Could Reach $750M
The Travelers Companies said it will deal with as much as $750 million in pretax catastrophe losses stemming from Hurricane Harvey. It's still early yet, so Travelers disclosed an estimate with a ...
Streams of Raw Sewage Overwhelm Cities Slammed by Hurricanes Harvey and Irma
Hurricane Harvey took aim at one of the nation's most industrial regions, releasing a stream of toxic pollutants from chemical plants, refineries and Superfund sites in Texas. But when its bigger ...
Insurance Holding Company Alleghany Is Selling PacificComp to CopperPoint Mutual for $150M
Alleghany Corp. will sell off workers compensation carrier Pacific Compensation Insurance Company (PacificComp) to a rival for $150 million in cash. Arizona-based CopperPoint Mutual Insurance Company ...
Executive Perspective: Our Time to Lead; Risk Remains When Waters Recede
As I record these thoughts, Hurricane Irma has been downgraded to a tropical depression after having lashed Florida and more than a half-dozen Caribbean Islands. The storm led to 6.3 million Florida ...
Munich Re Embraces Driverless Tech With Mobileye Partnership for Commercial Fleets
Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. ...
CBO: Federal Flood Program Is Diving Deeper Into Debt Even Without Major Storms
The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey. The National Flood Insurance Program (NFIP) is ...