INSURANCE NEWS
Tesla’s European Regulator Says Door Safety a ‘Key Priority’
Tesla Inc.’s safety regulators in Europe are joining an expanding global effort to more closely scrutinize the door handle design popularized by the world’s leading electric vehicle manufacturer. The Dutch authority RDW, which inspects and approves Tesla’s vehicles for sale …
Italy Plans to Get €11 Billion From Banks, Insurers in 3 Years
Italy’s government coalition has reached an agreement over a complex scheme that would see banks and insurers contributing about €11 billion ($12.8 billion) to its budget over three years. The contribution affecting the financial and insurance sector would be worth …
Vienna Insurance Group Offers to Buy Germany’s Nuernberger Beteiligungs for $1.61B
Vienna Insurance Group (VIG) said late on Thursday that it will acquire all shares of German insurer Nuernberger Beteiligungs AG for 1.38 billion euros ($1.61 billion) in cash. VIG will offer Nuernberger shareholders 120 euros per share, the insurer said …
Can a More Unified Front Be Formed Against Legal System Abuse?
To tell the public what it spends on insurance—largely effected by it calls legal system abuse—Uber has started to provide information on customers’ receipts. “To give you a sense of how bad the problem has gotten in certain places, our …
People Moves: Howden US Appoints Clark to Lead Private Risk Solutions; Krupowicz Named Head of Operations
Howden US, with U.S. headquarters in Depew, New York, appointed Joe Clark as president and Dale Krupowicz as head of operations for its private risk solutions business in the U.S. Clark and Krupowicz will lead the development of Howden’s U.S. …
Chinese Freighter Halves EU Delivery Time on Maiden Arctic Voyage to UK
A Chinese container ship has completed a pioneering journey through the Arctic to a UK port, state-run news agency Xinhua reported, cutting in half the usual transit time for the electric vehicles and solar panels aboard destined for Europe. The …
Former NFL Players, Country Singer Lend Names to Georgia-Based Concierge Launch
Two former professional football players, a country music artist and a college athletics administrator have put their names, images and likenesses behind a new, concierge insurance program for high net-worth individuals, athletes, entertainers and businesses. “There were times during my …
Gaps in Awareness of HO Coverage Provides Opportunity for Agents: Survey
Many U.S. homeowners are missing important insurance protections, offering opportunities for agents to educate insureds on increasingly essential coverages. A new survey commissioned by The Hanover Insurance Group found many homeowners are exposed to growing risks, such as lawsuits, cybercrime …
LA County Officials Approved Emergency Declaration Over Immigration Raids
Los Angeles County officials voted this week to declare a state of emergency that gives them power to provide assistance for residents they say have suffered financially from ongoing federal immigration raids. The move allows the L.A. County Board of …
People Moves: Fast Joins Alliant Team in Maine
Alliant Insurance Services, headquartered in Irvine, California, named Rob Fast as executive vice president (EVP) within its employee benefits group. He will be based in Portland, Maine. Fast has decades of experience. His career spans product development, distribution, portfolio management …
TDI Drafts New Rule Requiring Appraisal Provision in Auto and Homeowners Policies
The Texas Department of Insurance recently published an informal draft of rules that would implement a new law requiring all personal auto and residential property insurance policies to include a binding appraisal provision. The draft outlines appraisal timelines, appraiser and …
Marsh McLennan Reports 4% Organic Revenue Growth, Down From Q3 2024
Marsh McLennan reports consolidated revenue during the third quarter of $6.4 billion, an increase of 11% over Q3 2024, or 4% on an underlying (organic) basis, down from 5% during Q3 2024. John Doyle, president and CEO, described the Q3 …