It’s one of the biggest bets going in the world of cars. Since May, General Motors Co. and its Cruise self-driving car unit have landed $5 billion in investment commitments from Japan’s SoftBank Group Corp. and Honda Motor Co. Ltd. …
Chubb reported solid profit, increases in net premiums written and a healthy property/casualty combined ratio in its 2018 third quarter. The insurer booked $1.2 billion in net income during Q3 versus a $70 million net loss over the same period …
W.R. Berkley Corp.’s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net income during the 2018 third quarter, on par with the 2017 …
Four-in-10 parents of teen drivers don’t talk to their kids about safe driving on a regular basis. That factoid, says survey sponsor Allstate, could be an incentive for teens to “flip the script” and spearhead the conversation with their parents …
Apple Chief Executive Tim Cook said on Wednesday customer data was being “weaponised with military efficiency” by companies to increase profit. Cook, speaking at the International Conference of Data Protection and Privacy Commissioners, said Apple supported a federal privacy law …
A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world’s largest food maker, and Cargill Co of perpetuating child slavery at Ivory Coast cocoa …
A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm. The investment …
Autonomous vehicle manufacturers need a better yardstick to show that their products are safe, said Derek Kan, under secretary for policy at the U.S. Department of Transportation. The metrics that are most widely used by self-driving car developers — miles …
A trauma research team has developed a profile of commonalities among communities where mass shootings have occurred that includes a shortage of mental health professionals, a relative lack of socialization opportunities, higher rates of income inequality, and relatively high housing …
The 2018 InsureTech Connect (ITC) conference is history. In its short three-year life, the ITC affair has grown from 1,500 to 6,000 attendees. This year, an estimated 500 CEOs were there. “It’s hard to believe,” says Jay Weintraub, CEO and …
