The National Highway Traffic Safety Administration said it is moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes. The agency said it was acting in …
Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the …
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as Hurricane Michael. “It’s frustrating to us because we repeat this same cycle over …
While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global transportation firm is content to focus on being an “intelligent purchaser” …
The kind of dramatic scenes that played out in suburban Massachusetts last month following a series of explosions and fires may serve as a warning of what lies ahead for the U.S., where an increasing reliance on natural gas is …
Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but not enough to cause problems for insurers or …
The property/casualty re/insurance industry should be able to absorb the losses from Hurricane Michael, on top of losses from Hurricane Florence, as capital remains very strong, according to Fitch Ratings. Hurricane Michael will push 2018 closer to a more normal …
The Hanover Insurance Group Inc. has appointed Kevin Leach as the head of its financial institutions portfolio. In this role, Leach is responsible for leading The Hanover’s specialized insurance products and services for financial institutions. Most recently, Leach served as …
In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich Re. The proposed all-cash transaction is for …
Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm. Then Siddiqui and Apollo parted ways — and the sparks are still …
