Monthly Archives: <span>January 2025</span>

NHTSA Probing About 2.6M Tesla Vehicles Over Remote Driving Feature

The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in the United States over reports of crashes involving a feature that allows users to move their cars remotely. The new …

Old Republic Starts New Company for Cyber, Tech E&O

Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of Resilience. He will serve as president of the …

China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet

China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. Tuesday morning was in Tingri …

MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8%

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years. For the last quarter of 2024, the composite rate went up 4%, said …

Risk & Insurance Education Alliance Partners with PIA of Louisiana to Expand Educational Offerings

Austin TX, January 7, 2025 — The Risk & Insurance Education Alliance is excited to announce a new partnership with the Professional Insurance Agents (PIA) of Louisiana to bring its comprehensive suite of educational programs to insurance and risk professionals …

Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force

Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …

UN Aviation Agency Investigates Reports of Possible Data Breach

The United Nations’ civil aviation agency is investigating reports of a “potential information security incident” following a claim that tens of thousands of its records had been stolen, the organization said on Monday. The Canada-based International Civil Aviation Organization (ICAO) …

Swiss Insurer Helvetia Said to Mull Sale of German Operations

Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter. The Swiss insurer has hired JPMorgan Chase & Co. and plans to collect non-binding offers for the unit in the …

Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe

Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that had been used in attempts to …

Delaware Personal Data Privacy Act Now in Effect

The Delaware Personal Data Privacy Act, passed in 2023, went into effect at the beginning of this new year, granting Delawareans new personal data privacy rights. “Businesses collect Delawareans’ personal data every day,” said Attorney General KathyJennings. “Unfortunately, some businesses …