News
Lloyd’s Names Tiernan as CEO, Succeeding Neal Who Is Moving to Key Role at Aon
Lloyd's, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd's, succeeding John Neal. Tiernan will begin his tenure as ...
Berkshire Shareholders Reject Diversity, AI Proposals
Berkshire Hathaway shareholders on May 3 rejected a resolution requiring the company to report on risks from its subsidiaries' race-based initiatives, one of seven proposals ...
Nearly Quarter of People on Long-Acting Opioids Develop Addiction
More than one in five people prescribed extended-release painkillers such as OxyContin developed an addiction within a year, according to a newly released study mandated by the US Food and Drug ...
Amazon’s Zoox Agrees to Software Recall After Las Vegas Robotaxi Crash
Amazon.com's self-driving unit Zoox agreed to recall 270 driverless vehicles after an unoccupied robotaxi was involved in an April 8 crash with a passenger car in Las Vegas. Zoox said on Tuesday ...
University of Pennsylvania Atlantic Hurricane Forecast Calls for Average Season
University of Pennsylvania Energy and Environmental Science (EES) scientists predict an average Atlantic hurricane season with 14 named storms. Dr. Michael E. Mann, Shannon A. Christiansen, and Penn ...
Florida Jury Awards Man $3M for Defective Airbag that Caused Serious Injury During Crash
A South Florida jury has awarded $3 million to a man who was severely injured by a defective airbag in a 2020 crash. Miami-Dade jurors reached a verdict for Jose Hernandez on Thursday, according to ...
JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% ...
Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
Allstate Corp. CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry's rate increases seem to have leveled off. For the most part, Wilson explained to ...