Industry News
Safety Probe Opened Into Autonomous Driving System in GM’s Cruise Vehicles
Auto safety regulators in the U.S. have opened a formal safety probe into the autonomous driving system in vehicles produced by General Motors' robotaxi unit Cruise LLC. The National Highway Traffic ...
Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere ...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz
Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions, a slowdown in M&A activity, as well as an influx of new ...
Munich Re U.S. CEO Kuczinski to Retire at Year’s End
Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re U.S. P&C Companies and of Munich Re U.S. Holding Inc., effective Dec. 31, ...
Tech Bytes: New Partnerships at CCC, Carpe Data, Insurity
CCC Intelligent Solutions Inc., a software-as-a-service platform for the property/casualty insurance industry, introduced the CCC First Party Claim Portal, a digital capability aiming to streamline ...
Financial Stress Harming Workers’ Mental Health: The Hartford
New research by The Hartford finds 63 percent of U.S. workers feel their financial stress has increased over the past year, and 56 percent say their financial stress negatively impacts their mental ...
Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves
The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good. At least 80 special-purpose acquisition ...
Most Small SUVs Flunk Updated Insurance Industry Crash Tests
Most small SUVs flunked the latest frontal crash tests done by the insurance industry, but oddly enough, they're just as safe as they were before. That's because the Insurance Institute for Highway ...