Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout April 14, 2022 By Jonathan Stempel and Daniel Wiessner A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car...
Cyber Premiums Rapidly Grew 74% in 2021: Fitch April 14, 2022 According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly...
People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development April 14, 2022 AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice...
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6 Billion Deal for Alleghany April 14, 2022 By Chad Hemenway At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffett’s Berkshire...
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021 April 14, 2022 Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in...
U.S. Says Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure April 14, 2022 By Christopher Bing and Raphael Satter Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing...
This Year’s Hurricane Season Likely to Be Wetter, Just Like 2020, Study Finds April 13, 2022 Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists...
Net-Zero Holdouts That Stick Out Like a ‘Sore Thumb’ April 13, 2022 By Tim Quinson While many large corporations have announced ambitious pledges to achieve net-zero emissions by the middle of the century, their commitments...
Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’ April 13, 2022 By Chad Hemenway Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a...
Insurance Technology: Newfront Raises $200M; EvolutionIQ Brings In $21M April 13, 2022 Insurance brokerage platform Newfront announced a $200 million investment at a $2.2 billion valuation led by the Goldman Sachs Asset...