Industry News
GM’s Hands-Free Cadillac Coming in Two Years
General Motors Co., the largest U.S. automaker, will introduce a Cadillac model in two years that can travel on the highway without the driver holding the steering wheel or putting a foot on a pedal. ...
Train Delays Force Coal-Burning Power Plants to Seek New Supply Transport
U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on ...
Verisk Names New ISO Division President
Verisk Analytics named Beth Fitzgerald as the new leader of its ISO Insurance Programs and Analytic Services arm. She replaces Kevin Thompson, who retired as a 40-year veteran of the company. ...
From Earthquakes to Typhoons, August Was a Tough Weather Month
As far as natural perils go, it was mostly about earthquakes in August, with a few tropical storms and typhoons around the world to add to the trouble, according to Aon Benfield's Impact Forecasting ...BP Risks $18B Fine in Gulf of Mexico Oil Spill After Judge Assigns Blame
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 ...
Loeb’s Third Point Re Shares Challenged While Hedge Fund Thrives
Dan Loeb's foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd., a Bermuda-based firm that relies on the ...
Report: Apple to Address Some iCloud Security Concerns
Apple Inc is planning additional steps to keep hackers out of user accounts in the face of the recent celebrity photo scandal, but denied that lack of security allowed intruders to post nude ...
Aspen Names New Reinsurance CEO
Aspen Insurance Holdings Ltd. - fresh from successfully rebuffing an M&A bid from a Bermuda reinsurance rival - has named a new leader of its reinsurance arm. The company said that Stephen ...