U.S.
Mitigation Efforts Won’t Stop Cyber Damage and Related Rate Hikes in 2022
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch ...
Tesla to Lock Access to Video Games in Moving Cars
Under pressure from U.S. auto safety regulators, Tesla has agreed to stop allowing video games to be played on center touch screens while its vehicles are moving. The National Highway Traffic Safety ...
U.S. Probes Feature Allowing Drivers To Play Video Games in Moving Teslas
The U.S. National Highway Traffic Safety Administration has opened a formal investigation into the potential for Tesla drivers to play video games on a center touch screen while the vehicle is in ...
National African American Insurance Association Charters 3 New Chapters
The National African American Insurance Association (NAAIA) announced the chartering of three new chapters: Arkansas, Colorado and Los Angeles. The three new chapters join these 18 existing and ...
U.S. Motor Vehicle Travel in October Up 7.1% Over 2020
U.S. motorists drove 7.1 percent more miles in October over the same month last year as people returned to offices and resumed leisure trips, but the distance was off slightly from pre-pandemic ...
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
FWD Group Cancels U.S. IPO Plan, Pivots to Hong Kong Instead
FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. The company said in a filing ...