U.S.
U.S. to Eliminate Many Dangerous Rail Crossings With $570M in Grants
With the rail industry relying on longer and longer trains to cut costs, the Biden administration is handing out $570 million in grants to help eliminate many railroad crossings in 32 states. The ...
Homeowners Insurer Retreat Signals Climate, Regulatory and Economic Challenges: Fitch Ratings
The recent retreat of large homeowners insurance carriers, like Allstate and State Farm, from the California property insurance market signals ongoing regulatory constraints, rising cost inflation ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
U.S. Traffic Safety Agency Audit Finds Auto Defect Probes Lag
The U.S. government agency charged with keeping the roads safe is slow to investigate automobile safety defects, limiting its ability to handle rapidly changing or severe risks, an audit made public ...
Speaking Up Encourages Drivers to Stop Texting While on the Road
Passengers can dramatically reduce texting while driving by asking the driver to stop, according to a new survey commissioned by Erie Insurance. Nearly half of drivers who were asked or told to stop ...
NHTSA Proposes Automatic Emergency Braking Requirements for New Vehicles
The U.S. government's auto safety agency plans to require that all new passenger cars and light trucks include potentially life-saving automatic emergency braking and meet stricter safety standards ...
200-Year Global Cyber Loss Event Estimated Up to $33.4B: Guy Carpenter
A new report released by Guy Carpenter examines the cyber reinsurance market by modeling potential global loss events. A 1-in-200-year event has the potential to produce damages between $15.6 and ...
Munich Re Hurricane Predictions in Line with Others; Signals Conflicting
The North Atlantic could see 12 named storms this hurricane season, according to a newly released outlook by Munich Re. Six of the 12 named storms could develop into hurricanes, with two having the ...
Delta Air Lines Faces Proposed Greenwashing Class Action
Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint filed on Tuesday in California federal court. The ...