Markets
Full Self-Driving Won’t Be Approved For Teslas This Year: Musk
Tesla Inc.'s advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said in remarks last week, which indicate the company is not yet able to ...
Property Market to Harden More: MMC’s Doyle
While the total impact of Hurricane Ian won't be realized for some time, the effect on an "already stressed property market will be significant," said John Q. Doyle, group president and chief ...
All The Latest Insurance Company Estimates: Hurricane Ian Losses (as of 10/20)
A recap of individual company estimates, net of reinsurance, summing to over $7.5 billion as if Oct. 20 is presented below. (Editor's Note: After the table was compiled, Munich Re disclosed its ...
Florida CFO Urges Outright Ban on AOB Agreements
In the wake of Hurricane Ian, Florida's chief financial officer has taken a hard line on insurance claims litigation, calling for an outright ban on assignments-of-benefits agreements. At a press ...
Allstate Sees Q3 Net Loss; Auto Reserve Boosts More Damaging Than Ian
Allstate expects to report a bottom-line third quarter net loss in the range of $675-$725 million and a combined ratio of 111.6, including 7.8 points from reestimates of prior year auto loss ...
Navigating Flood Insurance Challenges in a Rapidly Changing Environment
Flood insurance may be a canary in the coal mine when it comes to the lasting impacts of climate change.
Aon Edge CEO John Dickson ...
Business Leaders Overconfident About Cyber Threats: Beazley
Cyber remains a top concern, but business leaders may be overconfident about their resilience against the threat, according to new research from Beazley.
A Western Pennsylvania federal district judge has dismissed eight cases seeking payment for COVID-19 business interruption coverage from several insurers including ... In the hardest-hit parts of southwest Florida, many newer structures survived remarkably intact despite Hurricane Ian's winds, suggesting that updated Florida building ...
Federal Judge Dismisses Multiple Pennsylvania COVID-19 Claims
Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show