Tesla will recall more than two million vehicles over concerns its Autopilot system can be misused by drivers, amid a two-year probe by U.S. auto-safety regulators into crashes involving the driver-assistance technology.
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New Florida Bill Filed to Reduce Costs of Insurance for Condo Buildings
A bill is being considered by the state legislature that would make windstorm insurance coverage more affordable for condominium owners in Florida.
Hartford Financial’s Head of Commercial Lines: AI, Cyberattacks Top Agent/Broker Concerns for 2024
The pace of change will never be this slow again, said Mo Tooker, head of enterprise sales and distribution, global specialty, middle and large commercial, Hartford Financial, referencing the insurer’s new Risk Monitor Report.
Chubb and NetSPI Launch Cyber Protection Partnership
Chubb has announced an innovative collaboration with NetSPI, a global leader in proactive security, to strengthen clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions.
Ryan Specialty Forms International Financial Lines Managing General Underwriter Ryan Financial Lines
Ryan Financial Lines is being designed to offer clients and capital providers a wide-ranging, single platform of financial lines products.
U.S. Personal Auto Insurance Results Worsen as Claims Severity Rises
Following the worst year in the recent past for U.S. personal auto insurers, results continued to slide in the first half of 2023 as the segment posted a direct incurred loss ratio that was more than three percentage points above the one recorded in the same period of 2022, according to a new AM Best report.
Google Loses Antitrust Case Brought by Epic Games
Google lost an antitrust case over the market power of its app store on Monday, a blow to the search giant as it faces other legal challenges to its search dominance and ad tech business.
Wildfires Remain Threat as Their Frequency Decreases
The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I).
Cyberattacks Now More Likely than Fires or Thefts: Aviva
More than a fifth of businesses in the United Kingdom said they experienced a cyberattack in the last year, but perhaps even more surprising is the fact that cyberattacks are now more common than either physical theft or fire, according to a recent survey from Aviva.
Hackers Stole About $1.7 Billion This Year from Crypto Projects
The amount of funds crypto projects lost to hackers has declined by about half to around $1.7 billion so far this year, amid improved security measures and an uptick in law enforcement actions.