Tesla Wins First US Autopilot Trial Involving Fatal Crash November 3, 2023 By Dan Levine and Hyunjoo Jin Tesla on Oct. 31 won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a...
Harvard Claims Marsh Is to Blame for Its Loss of $15M in Coverage for Admissions Fight November 2, 2023 By Andrew G. Simpson Having lost two bids to recover $15 million from its insurer to cover costs related to its failed defense of...
Progressive in a Better Place With Reserve Boosts Done, CEO Says November 2, 2023 By Susanne Sclafane Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has...
People Moves: Multiple Moves at Markel Specialty as Sanders to Retire by 2024 End November 2, 2023 Markel said Bryan Sanders, president of its Markel Specialty division, plans to retire by December 31, 2024. Sanders, who joined...
Allstate, Allianz X Invest $265M in NEXT Insurance and Partner to Expand Reach November 2, 2023 NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer. NEXT and Allstate...
Jury Finds Realtors Liable for Inflating Commissions, Awards $1.78B Damages November 2, 2023 A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett’s...
AIG General Insurance Income Up 82.7% in Q3 on North America Gains November 2, 2023 By Chad Hemenway American International Group (AIG) during the third quarter recorded a 264% increase in underwriting income within its General Insurance segment...
Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M November 2, 2023 By Chad Hemenway Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million...
Hamilton Insurance Targets Up to $2B Valuation in IPO November 1, 2023 Hamilton Insurance Group is targeting a valuation of up to $2 billion in its U.S. initial public offering, the specialty...
Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS November 1, 2023 Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters...