Self-Driving’s Latest Turn: GM’s Cruise Seeks OK for Cars Without Steering Wheel, Pedals October 22, 2020 By Jane Lanhee Lee and David Shepardson Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co. would seek U.S. regulatory approval in...
Hurricane Epsilon, 10th of Season, Expected to Approach Bermuda Tonight October 22, 2020 Hurricane Epsilon, the 10th of this very busy Atlantic season, was moving toward Bermuda on Wednesday. Epsilon is expected to...
Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to Support Mutuals October 22, 2020 Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic...
China’s Ant Group Wins Final Nod from Securities Watchdog for $35B IPO October 22, 2020 By Colin Qian, Julie Zhu and Meg Shen China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai...
Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies October 22, 2020 By Sinead Cruise Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims...
North Carolina Agency Owner Sentenced to 5.5 Years for $400K Loan Scheme October 22, 2020 A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty...
MJ Insurance Names BridgePoint’s Sargent Director of Personal Insurance in Arizona October 22, 2020 MJ Insurance has named Leighann Sargent director of personal insurance. Sargent is based in Phoenix, Ariz., and will lead MJ’s...
FCC Says It Has Authority to Change Social Media Liability Shield October 22, 2020 By David Shepardson The top lawyer at the U.S. Federal Communications Commission (FCC) said Wednesday the telecommunications regulator has legal authority to redefine...
California Trucking Firm Owners Charged in Alleged $450K Workers’ Comp Fraud October 22, 2020 Trucking company owners Hardip Singh, 44, and Amandeep Kaur, 36, were charged this week with multiple counts of insurance fraud...
1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds October 22, 2020 By Elizabeth Blosfield Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index...