Waymo is using insurance data to make the case that its self-driving cars are safer than human drivers. The report, a result of the collaboration first announced last year between the Alphabet-owned company and the insurer Swiss Re, is intended to show how driverless vehicles crash less often and damage less property than human-driven vehicles.
Author: Annie George
SEC Cyber Rules Go Into Effect, Raising Stakes for CFOs
Cybersecurity risk management has been a growing headache for CFOs in recent years. Now, the SEC is raising the stakes with new cybersecurity rules that expose corporate leaders, including finance chiefs, to increased personal liability risks.
Return-to-Office Is $1.3 Trillion Problem Few Have Figured Out
Three and a half years after millions of office-goers were sent home en masse, companies, employees and governments are still figuring out how to adapt to lasting changes to corporate life.
Insight: Coal Miners Forced to Save for a Rainy Day by Insurance Snub
Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel.
Best’s Commentary: Florida Losses from Hurricane Idalia Are Unlikely to Match Hurricane Ian’s
Insured losses in Florida related to Hurricane Idalia are unlikely to surpass those from Hurricane Ian last year given the storm’s path across the more sparsely populated Big Bend region, which has lower insured values than other coastal areas, according to a new AM Best special report.
U.S. Private Auto Insurance Rates See Double-Digit Jump in 2023
The year-to-date nationwide average increase for private auto insurance is 11.0% through Aug. 18, 2023, according to S&P Global Market Intelligence’s RateWatch application.
Climate Change Boosts Risk of Explosive Wildfire Growth in California by 25%, Study Says
Climate change has ratcheted up the risk of explosive wildfire growth in California by 25% and will continue to drive extreme fire behavior for decades to come, even if planet-warming emissions are reduced, a new study has found.
How Billion-Dollar Hurricanes, Other Disasters Are Starting to Reshape Insurance Bills
As coastal residents pick up the pieces in Florida, Georgia and the Carolinas, the final price tag from Idalia is far from clear. But one thing is already known – the storm is yet another reminder that protecting homes with insurance is getting harder, riskier and more expensive.
As Cost of Climate Disasters Grows, Some Investors Profit
Market is booming for insurance-linked securities known as catastrophe bonds.
DOXA Insurance Holdings Acquires Call A Doctor Plus
AGIA Affinity, a DOXA Insurance company, today announces the acquisition of Call A Doctor Plus, a resource platform that connects employers, universities, brokers and other organizations to a diverse suite of telehealth solutions through sales and marketing efforts