Commercial Lines
China Suit Claims Tesla Autopilot System Caused Fatal Crash; Company Investigates
Tesla Motors Inc. said it has no way of knowing whether its Autopilot system was involved in a crash in China that killed the driver because the car was too damaged to transmit data. A court in ...
Typhoon Meranti Wreaks Havoc in China and Taiwan
Typhoon Meranti wreaked havoc in China and Taiwan after striking late Wednesday, causing damage, widespread flooding and massive power outages, according to RMS. It appears, however, that things ...
Bespoke Coverage Could Help Reinsurers Dig Way Out of Profit Plunge
In a world of increasing automation and standardization, Europe's big reinsurers are betting that a more personal touch can reverse years of falling prices. Companies including Munich Re AG and Swiss ...
Uber Driverless Auto Pilot Program Rolled Out in Pittsburgh
When Pittsburgh woke up on Wednesday morning, some residents started having the choice of going about their day in an Uber that drives itself. The launch of Uber's self-driving pilot program marks ...
Executives On The Move at Lloyd’s of London, Sompo Canopius Re and PartnerRe
Lloyd's of London is hiring a former longtime RSA executive. Sompo Canopius Re named a new head of operations in Continental Europe. PartnerRe is bringing on a former Willis Re executive to be its ...
As Terrorist Attacks Shift Focus, P/C Carriers Must Broaden Their Cover: Guy Carpenter
The property/casualty industry must expand its terrorism-related cover to address a shift in how terrorist attacks are being conducted, a Guy Carpenter executive said. Recent ISIS or ISIS-inspired ...
New York Issues First-of-Their-Kind Cyber Regs for Insurers and Banks
New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or ...
The Trial of Ex-AIG Chairman Hank Greenberg Finally Begins
Opening arguments began on Tuesday in the trial of former American International Group Inc chairman Maurice "Hank" Greenberg over accounting fraud at the insurance giant some 16 years ago. Greenberg, ...