The National Highway Traffic Safety Administration (NHTSA) said Thursday it is opening a formal investigation into 416,000 Tesla vehicles over reports of unexpected brake activation tied to its driver assistance system Autopilot. The preliminary evaluation covers 2021-2022 Tesla Model 3 …
Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate Change, also …
Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth homeowners business to excess and surplus lines in …
A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker Remington Arms and its companies, which are now in …
By the thousands, Americans have been seeking religious exemptions in order to circumvent COVID-19 vaccine mandates, but generally they are doing so without the encouragement of major denominations and prominent religious leaders. From the Vatican, Pope Francis has defended the …
Tesla Inc. TSLA.O and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to punish Musk for being an outspoken critic of the government. The …
Cryptocurrencies and deep-fake technology are sending chills throughout the U.S. government, with cyber crooks embracing digital innovations so rapidly that law enforcement can barely keep up, according to the Federal Bureau of Investigation. “Crypto is the primary currency, the primary …
Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 million in the fourth quarter of 2020, the company reported net …
WTW Partners With Falvey Cargo Underwriting for Affirmative Cargo Cyber Coverage Insurance broker Willis Towers Watson is partnering with Falvey Cargo Underwriting on an affirmative cyber coverage product for cargo and stock throughput risks. WTW said the new product recognizes …
Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best. In 2021 the number of rating upgrades increased to 54, up from 38 …
