Underwriting
Tesla Recalls Close to 500,000 Cars Over Crash Risks
Tesla Inc is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said. ...
Mitigation Efforts Won’t Stop Cyber Damage and Related Rate Hikes in 2022
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch ...
Underwriting Wildfire Risk
The 2021 California wildfire season continued the worrying trend of more extreme fires than the historical norm. As of December 12, 8,786 wildfires had destroyed over 2.5 million acres, about 1 ...
P/C Insurers Less Bullish on Telematics: WTW Analytics Survey
Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, ...
Canada’s Co-operators General, Sovereign General Earn AM Best Ratings Upgrades
Ratings agency AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of Co-operators ...
Offshore Wind Project Spurs Legal Challenge From Oil Lobby and U.S. Fishing Industry
Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed ...
Judge Overturns $4.5B Settlement Protecting Sackler Family From Opioid Lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened ...
Biden’s Nominee for Auto Safety Regulator Promises to Confront Jump in Traffic Deaths
President Joe Biden's nominee to serve as the top auto safety regulator will vow to address the massive increase in U.S. road deaths, according to congressional testimony seen by Reuters. Steven ...