Cycling Fatalities Reach 46-Year High
Cyclist fatalities reached a multi-decade high in 2021.
According to a recent report from the National Highway Traffic Safety ...
Industry News
Executives on the Move at AXA XL, Guy Carpenter, Chaucer
AXA XL announced that Renaud Guidée has been appointed chief executive officer, Reinsurance, effective Sept. 1, 2023.
He assumes the ...
SEC Sues Binance and Founder Zhao Over ‘Web of Deception’
U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest ...
Executives on the Move at American Family Ventures, Corvus, Markel
American Family Ventures (AFV) has appointed Dr. Henna Karna as an Entrepreneur in Residence.
AFV Managing Director Dan Reed said that ...
Lawsuit Claiming Racism at Tesla Draws Almost 240 Black Workers Saying ‘Me Too’
A Black former assembly line staffer at Tesla Inc. is moving to add hundreds of other workers to his 2017 lawsuit in which he called the electric-car maker's production ...
Industry Alliance Outlines Key Liability Risk Considerations in Insuring AI
Artificial intelligence and its uses are a hot topic these days. Some benefits of AI include efficiency in time and resources, but what happens when an AI-related error or failure occurs? Liability ...
Homeowners Insurer Retreat Signals Climate, Regulatory and Economic Challenges: Fitch Ratings
The recent retreat of large homeowners insurance carriers, like Allstate and State Farm, from the California property insurance market signals ongoing regulatory constraints, rising cost inflation ...
FEMA Hit by Multistate Lawsuit Over Flood Insurance Rating Formula
A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0.
Speeding, Distraction a Deadly Summertime Problem for Teens
Nearly half of all teen auto fatalities happen during the 100 Deadliest Days — the period between Memorial Day and Labor Day, according to a new report by Cambridge Mobile Telematics (CMT) that ...
Evertas to Offer Largest Crypto Insurance Policy With Coverage Up to $420M
London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S. ...