Articles by Gabrielle Coppola and Sonali Basak

Munich Re Embraces Driverless Future with Mobileye Fleet Product

Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the world’s biggest reinsurer, has decided to embrace …

Some Insurers Stop Writing Policies on New Cars in Florida, Car Dealers Say

Insurers including Progressive Corp. and Allstate Corp. have stopped issuing policies on new cars in certain Florida counties, hindering vehicle sales days before Hurricane Irma is forecast to hit the state. The companies may be overreacting to losses incurred last …

At Least 2 Bidders Interested in IDB Unit, Tel-Aviv-Based Clal Insurance

Eduardo Elsztain, the Argentine real estate developer who controls Israeli conglomerate IDB Development Corp., said he has at least two bidders for the company’s insurance unit, Clal Insurance Enterprises Holdings Ltd. Elsztain is fighting a sale of the company in …

U.S. Chipmaker Intel to Enter Driverless Car Tech with Acquisition of Mobileye

Intel Corp. will acquire Mobileye NV for about $15 billion, paying one of the highest takeover premiums this century to play catch-up in the market for technology that helps cars drive themselves. The U.S. chipmaker will pay $63.54 per share …