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Luxury Car Hacking Risk Widespread; Evidence Suppressed: Researchers
Thousands of cars from a host of manufacturers have spent years at risk of electronic car- hacking, according to expert research that Volkswagen has spent two years trying to suppress in the courts. “Keyless” car theft, which sees hackers target vulnerabilities in electronic locks and immobilizers, …
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Best Affirms and Withdraws Ratings of PaCRe Ltd.
A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based PaCRe, Ltd., and has removed the ratings from under review with negative implications and assigned a negative outlook. Best said …
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U.S. Safety Board Criticizes Emergency Response in Tracy Morgan Crash
Federal safety officials who reviewed a highway crash in New Jersey that badly injured comedian Tracy Morgan and killed a friend were sharply critical of the emergency response to it and are urging the state to establish minimum standards, but …
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Health, Wealth, Technology Drive Graying of America’s Roadways
Richard Emmons, 83, likes to spend his weekends cruising around in a 1995 Jaguar convertible with a big 12-cylinder engine. His weekday drive is either a 2009 Volkswagen Eos or the $82,000 Audi A8 sedan he bought in November. After all, this …
The article Health, Wealth, Technology Drive Graying of America’s Roadways appeared first on Insurance Journal.
Small Earthquake Jolts Northern California
A short sharp earthquake rattled California’s San Francisco Bay Area, but there are no reports of injuries. The U.S. Geological Survey said the 4.0 magnitude quake struck Monday and was centered just north of Piedmont, near Berkeley. It was felt in …
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J.M. Wilson Adds Schell as Transportation Underwriter
Managing general agency and surplus lines broker J.M. Wilson has hired Sarah Schell in its Arlington Heights, Illinois, office as transportation underwriter. Schell will quote new and renewal commercial transportation risks, and work with independent insurance agents in the states of …
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Maine Highlights New State Law to Protect Rideshare Drivers, Passengers
Maine Insurance Superintendent Eric Cioppa is highlighting a new Maine law, the Transportation Network Company Insurance Act, emphasizing that it will help to protect passengers, pedestrians and other motorists from losses in accidents involving Transportation Network Company (TNC) drivers. The …
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Risk Manager Fired by Nevada City Files Discrimination Complaint
Former risk manager Jack Campbell has filed a federal age and race discrimination complaint against the city of Reno. The Reno Gazette-Journal reported that the existence of the complaint filed in June and a previous investigation into issues concerning Campbell …
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Texas Oil Field Chemical Supplier Rocked by Explosions
A series of explosions rocked an oil field chemical supply company north of Houston on Aug. 14, setting off a fire that sent a broad, dense column of thick, black smoke towering into the otherwise blue skies. DrillChem said no …
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Wells Fargo Considers Selling Crop Insurance Unit
Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting insurance policies. Wells Fargo has …
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