Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing January 7, 2025 By Susanne Sclafane Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to...
NHTSA Probing About 2.6M Tesla Vehicles Over Remote Driving Feature January 7, 2025 By David Shepardson and Akash Sriram The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in...
Old Republic Starts New Company for Cyber, Tech E&O January 7, 2025 Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products....
MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8% January 7, 2025 According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the...
McDonald’s Retires Some Diversity Goals in Latest Corporate Retreat January 6, 2025 By Daniela Sirtori and Jeff Green McDonald’s Corp. is revamping its approach to diversity, equity and inclusion, becoming the latest large company to change its strategy...
CFPB Sues Walmart, Scheduling Platform for Alleged Illegal Pay Practices for Gig Drivers January 6, 2025 The Consumer Financial Protection Bureau has sued Walmart and work scheduling platform Branch Messenger for allegedly forcing delivery drivers that...
AM Best: Increasing Political, Terror Risk Could Lead to More Demand for Coverage January 6, 2025 By Chad Hemenway Authorities have said there is no evidence that the truck attack in New Orleans on New Year’s Day was directed...
US Steel, Nippon Sue Biden Administration Over Decision to Block Merger January 6, 2025 By Alexandra Alper U.S. President Joe Biden violated the Constitution by blocking Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham...
The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee January 6, 2025 By Chad Hemenway The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from...
US Sanctions Chinese Cyber Firm Linked to Botnet Attack January 6, 2025 By Nick Wadhams The US Treasury Department sanctioned Chinese cybersecurity firm Integrity Technology Group for its alleged role in a state-sponsored botnet attack...