Industry News
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 Administration, 966 pedal cyclists were killed in traffic crashes in ...
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 role from Nancy Bewlay, who has been appointed group chief ...
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 cryptocurrency exchange and sending ...
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 Karna's "exceptional track record and leadership in technology ...
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 floor a "hotbed for racist ...
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. Ten states, along with 43 Louisiana parishes and more ...