News
Harassment of Women in Financial Services Eclipses Other Industries: Aviva CEO Blanc
Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in financial services eclipsed other industries and that she had heard ...
GM’s Cruise Robotaxi Unit Dismisses Nine Execs After Safety Probe
General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief ...
New Regulations Impacting Small Businesses Next Year
Regulations are a double-edged sword. They're created to improve business dealings, discourage unfair or illegal business activity, and protect workers. But, for small business owners, they often ...
Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re
Global insured losses from severe thunderstorms have hit a new all-time high of $60 billion in 2023, with overall natural catastrophe claims surpassing $100 million, according to Swiss Re Institute ...
AXIS Gets In-Principle Approval to Launch Energy Resilience Syndicate at Lloyd’s
AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd's to launch a syndicate that will focus on providing capacity for new energy projects with a critical role in ...
US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery
The U.S. Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation "in a corrupt scheme to pay ...
Lack of Autopilot Safeguards Leads to Tesla Recall of 2M Cars in the U.S.
Tesla is recalling just over two million vehicles in the United States fitted with its Autopilot advanced driver-assistance system to install new safeguards, after a safety regulator said the system ...
Survey: 70% of Americans Are Reviewing Insurance Policies as Premiums Rise
Extreme natural disasters, supply chain issues and runaway litigation are contributing to rising insurance premiums, leading the majority of Americans to re-examine their insurance policies, ...