U.S.
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has "not been solvent" and may be unable to pay all claims ...
Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn't necessarily business as usual for ...
Berkshire’s Buffett in Contact With Biden Team on Banking Crisis
Berkshire Hathaway Inc.'s Warren Buffett has been in touch with senior officials in President Joe Biden's administration in recent days as the regional banking crisis unfolds. There have been ...
Heavier Vehicles, Distracted Drivers Impacting Claim Severity: CCC Intelligent Solutions
Roadways in the U.S. are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions' annual Crash ...
Senate Leader Schumer Urges Federal Safety Probe into Freight Railroads
U.S. Senate Majority Leader Chuck Schumer on Wednesday urged the National Transportation Safety Board to launch an investigation into safety practices of all seven major freight railroads, following ...
Crash Test Dummies Need to Do Better: GAO
A recent report from the Government Accountability Office recommended the National Highway Traffic Safety Administration rethink crash test dummies to collect better data on more types of people. The ...
U.S. Acts To Stem Financial Fallout From SVB Bank Collapse; Depositors Made Whole
Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any ...
SVB Collapse Explained: What Caused Silicon Valley Bank’s Failure?
SVB Financial Group Inc.'s shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors. Here is ...