Tesla said on Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could increase steering effort, particularly at low speeds, potentially raising the risk of a crash. The recall follows …
President Donald Trump said he would unveil new tariffs on automobiles, adding to a wave of sweeping import levies as he seeks to remake global trade relationships and pressure companies to move production to the U.S. “We are going to …
Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest upside down after crash landing at a Toronto airport earlier this week. The payments are “a good-faith gesture” that have “no …
U.S. automaker General Motors and its subsidiary OnStar agreed not to disclose sensitive vehicle geolocation and driver behavior data to consumer reporting agencies for five years, the U.S. Federal Trade Commission said last week. The agency alleged the largest U.S. …
Vanguard Group will pay more than $106 million to settle U.S. Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts. …
The Federal Emergency Management Agency said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27 reinsurance companies – up from 18 companies a …
Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in the path of conditions that would allow blazes to spread quickly as the region holds out hope for rain. Seasonal …
Hewlett Packard Enterprise Co. says it’s investigating a potential cyber incident from a hacking gang that’s also breached other technology giants. The company became aware last week of “claims being made by a group called IntelBroker that it was in …
American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales practices which regulators said misled small-business owners. Amex reached agreements with federal prosecutors and the Federal Reserve to settle the …
While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …