Markets
Marsh to Exit Russia; Aon Suspends Operations
Marsh McLennan, the world's largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the ...
Tesla, Other Car Makers Have Edge Over Incumbent Insurers: Moody’s
Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody's Investors Services said in a report ...
How Sanctions Against Russia Are Hitting Global Aviation Industry
Russia's size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to ...
Tesla Tells U.S. Lawmakers Autopilot Requires ‘Constant Monitoring’
Tesla Inc. defended the safety benefits of its advanced driver assistance system Autopilot and its Full Self-Driving (FSD) capability but acknowledged they require "constant monitoring and attention ...
J&J’s Controversial Prison Testing Resurfaces in Baby Powder Lawsuits
More than 50 years ago, nearly a dozen men incarcerated outside of Philadelphia enrolled in an experiment funded by Johnson & Johnson, according to unsealed documents. Now, those studies have ...
Lawyer-Turned InsurTech Founder Looks Into Cloud to Settle Tesla Claims
While Tesla has designs on using the data it collects to price insurance policies, the founder of an InsurTech is using it for the other end of insurance transactions—to unravel the story of ...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported ...
ILS for Casualty: The Backstory of Ledger Investing
In the aftermath of Hurricane Andrew's $15.5 billion in insured losses in 1992, insurance-linked securities emerged to distribute a portion of future property-catastrophe risk to investors. At the ...