Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon July 27, 2022 Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18% higher...
Ford Bronco Engine Failures Prompt US Safety Investigation July 27, 2022 Ford Motor Co.’s hot-selling Bronco sport-utility vehicle is the subject of a safety investigation by federal regulators for catastrophic engine...
Teva Reaches Proposed $4.35 Billion Settlement of Opioid Lawsuits July 27, 2022 By Dietrich Knauth and Nate Raymond Teva Pharmaceutical Industries on Tuesday announced a $4.35 billion proposed nationwide settlement that could resolve thousands of lawsuits over the...
Chubb Q2 Net Income Drops $1 Billion; Books Record Insurance Results July 26, 2022 Chubb Ltd. late Tuesday said second quarter net income was about $1.22 billion, more than a 46% fall from $2.27...
Tesla’s Phantom Brake Problem Exposes Need for Human Audits of Machine-Read Data July 26, 2022 By Marty Ellingsworth “Slamming on the brakes” is often a blaming moment. Someone most likely was not paying attention to conditions, but is...
Auto Claimants Waiting Longer for Collision Repairs July 26, 2022 By Jim Sams Auto claimants are waiting longer for collision repairs — 4.5 days longer this spring compared to the same period last...
Markets/Coverages: Openly’s New Homeowners Carrier; Neptune Flood, SIAA Partnership; MiKargo247 Launches for Per-Load Freight July 26, 2022 Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance Carrier Openly announced the launch of the Openly Insurance Company, a...
Insurtech Funding Levels Hold Steady in Q2 vs. Q1: CB Insights July 26, 2022 Funding for the insurtech sector held steady in the second-quarter of 2022, coming in at roughly $2.4 billion, the same...
Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement July 26, 2022 By Jonathan Stempel Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and...
U.S. Sues Chicken Producers, Alleging They Conspired to Keep Wages Down July 26, 2022 By Michael Hirtzer and Leah Nylen US poultry producers Cargill Inc., Sanderson Farms Inc. and Wayne Farms LLC agreed to pay $84.8 million restitution for conspiring...