Fitch Says Sharp Drop in Claims Frequency Helped Commercial Auto Break Even, Almost A sharp decline in claim frequency helped the commercial auto line achieve its best underwriting performance in a decade last... Read More
Scramble on for New Fuel Routes After Colonial Pipeline Hack After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of... Read More
Cloudy D&O Policy Language May Force Insurer to Pay for Defense of Investor Suit Because of “ambiguous” policy language in a complicated insurance contract, a directors and officers insurer may be liable for more... Read More
DarkSide Hackers Mint Money With Ransomware Franchise When a new ransomware group popped up on the scene last year, the hackers did what’s in vogue for digital... Read More
With $2,300 Phone Calls, Purdue Runs Up Huge Bankruptcy Tab One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab... Read More
Waymo, Cruise Seek Permits to Charge for Self-Driving Car Rides in San Francisco Alphabet Inc’s Waymo and rival Cruise have applied for permits needed to start charging for rides and delivery using autonomous... Read More
NCCI: Workers’ Comp Line Thrives Despite COVID-19 The workers’ compensation line powered through the COVID-19 pandemic last year, generating an average profit of 24% while carriers built... Read More
Insurer of Ship That Blocked Suez Canal Says Reduced Claim Still High CAIRO — UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday... Read More
Pandemic’s Labor Reshuffle Likely Just Starting For US Workers WASHINGTON — If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while... Read More
US Opens Probe of Steering Problems in Honda Accord Sedans DETROIT (AP) — The U.S. government’s auto safety agency is investigating multiple complaints about steering failures that could affect more... Read More