Commercial Lines
Daimler, Acknowledging Obstacles, Lowers Expectations for Self-Driving Robotaxis
Daimler has taken a "reality check" on self-driving "robotaxis," acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Chief ...
AGCS Picks Müller as New Leader, Makes Other Executive Changes
Allianz Global Corporate & Specialty SE named a new leader and has made other key executive changes. All are effective Dec. 1, 2019, pending regulatory approval. Joachim Müller, currently CEO of ...
European Central Bank May Include Climate Change Risks in Future Bank Stress Tests
The European Central Bank is considering including climate-change risks in future European banking stress tests, ECB Vice President Luis De Guindos said on Thursday. Speaking at a BNP Paribas banking ...
Buffett’s Berkshire Hathaway Invests in Restoration Hardware
Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new investment in RH, boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware. Berkshire ...
Gender Reveal Parties ‘Exploding’ in Popularity, and More CM Risk Alerts
Virtual assistants like Alexa and Siri can be hacked using laser light beams. Gender reveal parties are taking a dangerous turn. E-cigarettes may be more harmful to your heart than tobacco. *** In a ...
North American Commercial Insurance 2020 Rate Hikes Likely; Overall Market Hardening Unlikely
Rate increases are likely for North American commercial insurance buyers in 2020, but the trend won't likely lead to an overall hardening market, according to reports from Willis Towers Watson and ...
U.S. Manufacturing Group Reportedly Hacked by China as Trade Talks Intensified
As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald ...
Generali Takes on AXA With Debut of New Art Insurance Unit
Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ...