Hyundai, Kia Recall 91,000 Vehicles Over Fire Risks, Urge Owners to Park Outside August 3, 2023 By David Shepardson Hyundai Motor and Kia said Thursday they are recalling more than 91,000 newer vehicles in the United States because of...
GM Recalls Nearly 900 Vehicles With Takata Air Bag Inflators August 3, 2023 By Tom Krisher General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode...
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model August 3, 2023 By Chad Hemenway Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was...
People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO August 3, 2023 Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client...
Report: Auto Insurance Premiums Rise 17% in H1 of 2023 August 3, 2023 Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent...
J&J Talc Cancer Plaintiffs Want 6-Month Ban on Further Bankruptcy Filings August 3, 2023 By Dietrich Knauth Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused them to develop cancer on Wednesday urged...
Marsh McLennan Agency Acquires Graham Company August 2, 2023 Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy...
Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier August 2, 2023 By Mark Chediak The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down...
GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall August 2, 2023 By Ezra Amacher FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces...
Aon: Public D&O Pricing Drops for Fifth Straight Quarter; 96% Retain Carriers August 2, 2023 By Jahna Jacobson Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive...