Markets
Flying Cars Have Small Niche Role in Sustainable Mobility: Research
In the 1960s animated sitcom The Jetsons, George Jetson commutes to work in his family-size flying car, which miraculously transforms into a briefcase at the end of the trip. A new study of the ...
New Broker McGill & Partners Forms U.S. Subsidiary
The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate, the company's founder Steve McGill has confirmed. When ...
Expect $2-$3B In Annual Industry Losses From Japan Quakes: KCC
For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a more devastating quake that happened 72 years earlier could bring $225 billion ...
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Homeowners Insurance Startup, Underwriting Platform Form Separate Partnership Arrangements
Home insurance startup Swyfft is partnering with a subscription app designed to help homeowners catch and address issues before they become costly repairs. DataCubes is joining forces with a ...
Tesla Begins Offering Auto Insurance to Its California Customers
Tesla Inc. began offering auto insurance to its vehicle owners in California, touting rates as much as 30% lower without offering much detail. The electric-car maker is offering online quotes through ...
Puerto Rico, U.S. Virgin Islands, Florida Coast at Risk From Hurricane Dorian
Tropical Storm Dorian has been upgraded to a hurricane as it heads toward Puerto Rico with torrential rains. It's expected to gain strength and become the first major hurricane to hit Florida's east ...
Sackler Family Reportedly Backs $11.5B Purdue Pharma Opioid Settlement
The Sackler family and their embattled drugmaker, Purdue Pharma LP, are backing a proposal to resolve all opioid lawsuits against themselves and the drugmaker for more than $11 billion in what would ...