Industry News
Tesla Faces U.S. Criminal Probe Over Self-Driving Claims
Tesla Inc. is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department ...
Companies Increasingly Keep Climate Pledges Secret as ‘Green Hushing’ Takes Off
Companies are increasingly trying to keep their climate pledges away from public scrutiny. The phenomenon, known as green hushing, has become pervasive even as businesses set more ambitious internal ...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters
The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through ...
Viewpoint: Ranking Hurricane Ian Among the 10 Worst Natural Disasters in U.S. History
We are in the early stages of sifting through the debris of Hurricane Ian and calculating the financial and human toll it took after coming ashore in Southwest Florida with 150 mph winds and 20 ...
Global Insurance Rates Continue Rising at Slower Levels; Cyber Outpaces Other Lines
Global insurance pricing continued to rise during the third quarter, which saw commercial insurance premiums increase an average of 6 percent, down from 9 percent in Q2, according to Marsh's Global ...
Insurers Say Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios
Auto insurers in the U.S. are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving behavior and sky-high jury awards, ...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to "plausibly plead" that they are entitled to ...
Everest Insurance Launches Branches in France and Germany
Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the opening of two new branches in Paris, France and Düsseldorf, ...