News
Tesla Recalls 1.85M Vehicles Over Unlatched Hood Issue
Tesla is recalling 1.85 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the automaker said. An unlatched hood could fully open and obstruct the ...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
The average price for directors and officers liability insurance decreased 5.2 percent per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the ...Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022
SCOR SE Chief Executive Officer Thierry Leger said he's taking over control of the company's life and health unit after it led the firm to report its first quarterly loss since 2022. The Paris-based ...
Elevated Demand, Increased Capacity Drive Reinsurer Profitability in 2024
Global property catastrophe limit purchased increased an estimated $35-$40 billion through H1 2024, with more than 50 percent of increased limit originating in North America across a wide range of ...
PFAS Liability for Water District Remediation Costs Estimated Up to $175B
Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according ...
Officials Grapple With Increasing Western Wildfires
Experts say that decades of snuffing out fires at the first sign of smoke combined with climate change have laid the groundwork for a massive wildfire in northern California and scores of smaller ...
Nationwide Plans 5% Reduction in Employee Headcount
Nationwide said late last week that it is reducing its headcount by about 5 percent over the next year. "We can't speculate on the total number of job impacts," said Nationwide in a statement. ...
Study Shows Saharan Dust Plumes Impact Hurricanes in the U.S.
Giant plumes of Sahara Desert dust that gust across the Atlantic can suppress hurricane formation over the ocean and affect weather in North America, according to findings of a newly released study ...