News
Century’s Worth of Sea Level Rise Coming to U.S. Coast By 2050: NOAA
America's coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly with costly floods even on sunny days, a ...
Tesla ‘Phantom Braking’ Prompts New NHTSA Probe
Auto safety regulators in the U.S. have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 ...
Upgrades Back Up in 2021; Higher Capital, Better P/C Operating Results
Rating upgrades in the U.S. property/casualty insurance segment bounced back to pre-pandemic levels in 2021, increasing to 7.7 percent of all rating actions compared with 5.3 percent in 2020, ...
Insurers Take Credit Score Battle to Washington Supreme Court
Insurer groups last week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the ...
AIG to Move High Net Worth Homeowners to E&S
Peter Zaffino, CEO of American International Group (AIG), said the company's ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the ...
4 Insurers, 5 Policies to Pay $73M Sandy Hook Settlement Against Gunmaker Remington
A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker ...
AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes
Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 ...
Elon Musk, Tesla Attack SEC for ‘Unrelenting’ Harassment
Tesla Inc. TSLA.O and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an "endless" and "unrelenting" investigation to punish ...