News
Florida Mayor Says May 10 Tornadoes Caused $50M in Damage
Recovery from a May 10 tornado outbreak has cost Florida's capital city $50 million so far, Tallahassee Mayor John Dailey said Friday. Florida officials have requested that the Federal Emergency ...
Ford Says Drivers Will Be Able to Take Their Eyes Off the Road in Two Years
Ford Motor Co. is just two years away from offering technology that will allow drivers to take their eyes off the road and their hands off the wheel, according to Chief Executive Officer Jim ...
AXA XL Realigns Operations in the Americas; Redundancies Caused by Moves
AXA XL said it streamlined its underwriting operations in the Americas, which will now be three segments: large commercial, middle-market and professional. The realignment is "resulting in ...
Judge Cuts Bayer $2.25 Billion Roundup Verdict to $400 Million
A Pennsylvania judge on Tuesday slashed a $2.25 billion U.S. verdict against Bayer to $400 million for a Pennsylvania man who said he developed cancer from exposure to the company's Roundup ...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey
Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate AI into their analytics (49 percent), but most have yet to bring "traditional" analytics into areas ...
After First Net Loss Since 1923, USAA Back to Profit in 2023
USAA on Friday said it recorded net income for 2023 of about $1.2 billion, reversing a 2022 loss—the first for the company since 1923—of about $1.3 billion. The San Antonio, Texas-based ...
U.S. Cyber Chief Sees ‘Very Aggressive’ Chinese Hacking Strategy
A top U.S. spy chief said China is increasingly using its companies to find vulnerabilities in their own computer networks and then tapping that knowledge to target foreign nations and industries. ...
Executive Moves: Beale Named Chair of South Pole; Howden Re Appoints Hearn as Chair, Global Clients Strategy; Hyperexponential Hires Ryan as Head of US P/C
Former Lloyd's chief executive officer Inga Beale has been named chair of the climate consultancy South Pole, with a remit to help drive the company's business transformation plans as carbon markets ...