U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial Lines Insurance Pricing Survey (CLIPS) survey compared prices charged on …
Efforts to curtail impaired driving and related accidents by repeat offenders on the road should address the underlying problems prompting the unsafe behavior, according to a new report from state highway officials and the liquor industry’s drunk driving prevention group. …
The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that have helped insurers weather short-term profitability challenges.” …
The driver of a Tesla says the car was on autopilot when it struck a police cruiser and a disabled vehicle on Saturday in Connecticut, according to State Police. State Police said troopers responded to Interstate 95 northbound early Saturday …
A lawsuit filed by the family of a girl who suffered a brain injury after she was shocked by an electrified handrail at a resort near the nation’s capital has been resolved. The Washington Post reports that court filings submitted …
Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd’s risk. It is the first ILS fund in the Lloyd’s of London market. The SIF will allow Sussex to offer …
EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control prices to take into account globalization and digitalisation, Europe’s antitrust chief Margrethe Vestager said on Monday. Her announcement came amidst …
The U.S. Supreme Court on Friday agreed to decide whether the state of Delaware’s system of requiring ideologically balanced courts is lawful. The nine justices will hear the state’s appeal of an April ruling by the Philadelphia-based 3rd U.S. Circuit …
New Zealand police said early on Tuesday they did not expect to find any more survivors from a volcanic eruption that killed at least five people, injured up to 20 and left an unknown number unaccounted for. The volcano, off …
A day after Uber revealed that more than 3,000 riders and drivers were sexually assaulted last year while using its service, attention is turning to what’s next for the ride-hailing giant and whether its plans to improve safety go far …
