The much-discussed collapse in teenage driving in the U.S. seems to have ended a few years ago. But the less-discussed recovery, which I wrote about last year, seems to be over, too. Newly released data from the Federal Highway Administration …
The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach,” and said it wants European officials to likewise avoid aggressive approaches. In a fact sheet, the White …
Commercial property/casualty and professional liability insurer Philadelphia Insurance Companies announced leadership changes, effective January 1, 2020. President and Chief Executive Officer Bob O’Leary has become chairman, succeeding the departing Jamie Maguire. O’Leary will continue as CEO. Chief Underwriting Officer John …
Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said they worry some or …
Specialty insurer Everest Insurance has appointed Mike Karmilowicz to be executive vice president and president of North America P&C. He will be responsible for all property/casualty insurance underwriting units and direct brokerage business for the Everest Insurance North American platform. …
Uber and Hyundai Motor Co. announced they will develop Uber Air Taxis for a future aerial ride share network. The companies unveiled a new full-scale aircraft concept at the Consumer Electronics Show (CES) in Las Vegas. In this partnership, Hyundai …
Farmers Insurance has expanded its relationship with Uber by providing commercial automobile insurance to its ridesharing drivers in 12 additional states and the District of Columbia. In addition to the District of Columbia, Farmers will insure Uber drivers in Delaware, …
Johnson & Johnson agreed in the middle of a trial to pay more than $2 million to resolve a woman’s claims that asbestos-laced baby powder caused her cancer, according to people familiar with the case. The settlement marks a rare …
Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty Inc. has been …
The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion of NFIP’s financial risk. This annual reinsurance agreement is …
