Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing January 7, 2025 By Susanne Sclafane Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to...
Asian American Venture Capitalist Accuses PayPal of Racial Bias in Minority Program January 7, 2025 By Jonathan Stempel PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting...
NHTSA Probing About 2.6M Tesla Vehicles Over Remote Driving Feature January 7, 2025 By David Shepardson and Akash Sriram The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in...
Old Republic Starts New Company for Cyber, Tech E&O January 7, 2025 Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products....
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet January 7, 2025 By Phila Siu and Jing Li China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western...
MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8% January 7, 2025 According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the...
Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force January 7, 2025 By Isabelle Yr Carlsson Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart...
UN Aviation Agency Investigates Reports of Possible Data Breach January 7, 2025 The United Nations’ civil aviation agency is investigating reports of a “potential information security incident” following a claim that tens...
Swiss Insurer Helvetia Said to Mull Sale of German Operations January 7, 2025 By Jan-Henrik Förster and Noele Illien Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter....
Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe January 7, 2025 By William Rabb Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether,...