News
GM Cruise Robotaxi Unit Names Former Ford, Apple Exec Safety Chief
General Motors' Cruise recently named a longtime auto and tech industry employee as head of safety for the robotaxi unit. Cruise named Steve Kenner as its chief safety officer, who will oversee ...
U.S. Port Online Attack Vulnerability Leads to Heightened Cybersecurity
President Joe Biden on Wednesday signed an executive order and created a federal rule aimed at better securing the nation's ports from potential cyberattacks. The administration is outlining a set of ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
InsurTech Root Results Improve but Remain at a Net Loss
InsurTech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for ...
Zurich Insurance Posts Highest-Ever Operating ROE for 2023
Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of ...
IIHS Announces Changes to Moderate Overlap Front Crash Test Scoring Criteria
New scoring criteria is being rolled out for the Insurance Institute for Highway Safety's moderate overlap front crash test to better account for variations in the position of the rear shoulder belt. ...
Carrier Retention Rates Decline Due to Auto Insurance Comparison Shopping
Consumers purchasing new policies and shopping around for auto insurance in the U.S. helped carriers post positive year-over-year growth and record volumes for the final quarter of the year, ...
Appeals Court Overturns $366M FedEx Race Bias Verdict
A federal appeals court on Thursday threw out a $366.2 million verdict against FedEx, in a case brought by a Black sales manager who said the package delivery company fired her in retaliation for ...
California Saturated But Largely Avoids Damage From Recent Storms
Much of saturated California faced the threat of flooding Tuesday with winter storms blowing through, but so far the state has escaped the severity of damage from mudslides, wind and rain spawned by ...